Is 06784, 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, 06784 was a Seller's Market.
Key Takeaway
06784 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06784, CT
How much do homes in 06784, CT cost?
Median Sold Price
$700,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06784 have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in 06784 was $700,000 in May 2024, up 19.7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.5K | $210K | -5.2% |
| 2 Bedrooms | $425K | $635K | +49.4% |
| 3 Bedrooms | $580K | $583.5K | +0.6% |
| 4 Bedrooms | $667K | $1.0M | +57.4% |
| 5+ Bedrooms | $880K | $1.0M | +19.9% |
Summary: 06784 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 49.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 57.4%, and 5+ bedroom homes increased by 19.9%.
Housing Supply in 06784, CT
How many homes are available in 06784, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Summary: The 06784 real estate market had 36 homes for sale in May 2024, a 38.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 06784 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 20%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 06784, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 06784 in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 06784, CT
We’re sorry, we don't have information for this market at the moment
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