Is 06786, 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, 06786 has remained a Seller's Market.
Key Takeaway
06786 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06786, CT
How much do homes in 06786, CT cost?
Median Sold Price
$307,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06786 have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in 06786 was $307,500 in May 2024, up 20.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $190K | +40.7% |
| 2 Bedrooms | $160K | $180K | +12.5% |
| 3 Bedrooms | $264.3K | $320K | +21.1% |
| 4 Bedrooms | $253K | $375K | +48.2% |
| 5+ Bedrooms | $339.9K | $305K | -10.3% |
Summary: 06786 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 48.2%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 06786, CT
How many homes are available in 06786, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The 06786 real estate market had 36 homes for sale in May 2024, a 2.7% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06786 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 remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06786, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06786 in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for 06786, CT
We’re sorry, we don't have information for this market at the moment
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