Is 06812, 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, 06812 has remained a Seller's Market.
Key Takeaway
06812 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06812, CT
How much do homes in 06812, CT cost?
Median Sold Price
$528,500
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06812 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 06812 was $528,500 in May 2024, up 9% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $292.4K | +12.5% |
| 2 Bedrooms | $319K | $397.5K | +24.6% |
| 3 Bedrooms | $458K | $505K | +10.3% |
| 4 Bedrooms | $627K | $660K | +5.3% |
| 5+ Bedrooms | $730K | $792.5K | +8.6% |
Summary: 06812 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 06812, CT
How many homes are available in 06812, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 55 | +17.0% |
Summary: The 06812 real estate market had 55 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 06812 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06812, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 06812 in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 7% were sold under asking, 7% were sold at asking, and 86% were sold over asking.
Days on Market for 06812, CT
How long does it take to sell a home in 06812, CT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -31.3% |
Summary: Homes in 06812 had an average of 16 days on market in May 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 06812 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in 06812; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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