Is 06779, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 06779 has remained a Seller's Market.
Key Takeaway
06779 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06779, CT
How much do homes in 06779, CT cost?
Median Sold Price
$295,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06779 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 06779 was $295,000 in May 2024, up 7.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.2K | $201K | +14.0% |
| 2 Bedrooms | $205K | $255K | +24.4% |
| 3 Bedrooms | $280K | $305K | +8.9% |
| 4 Bedrooms | $272.4K | $277K | +1.7% |
| 5+ Bedrooms | $321.2K | $333.2K | +3.7% |
Summary: 06779 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 06779, CT
How many homes are available in 06779, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The 06779 real estate market had 23 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06779 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06779, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 06779 in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for 06779, CT
We’re sorry, we don't have information for this market at the moment
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