Is 06706, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 06706 was a Seller's Market.
Housing Prices in 06706, CT
How much do homes in 06706, CT cost?
Median Sold Price
$250,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06706 was $250,000 in May 2024, up 11.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $184.5K | $214K | +16.0% |
3 Bedrooms | $237.4K | $250K | +5.3% |
4 Bedrooms | $243.2K | $275K | +13.1% |
5+ Bedrooms | $279.9K | $350K | +25.0% |
Summary: 06706 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 25%.
Housing Supply in 06706, CT
How many homes are available in 06706, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The 06706 real estate market had 43 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 06706 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 85.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 06706 in May 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 06706, CT
We’re sorry, we don't have information for this market at the moment