Is 06825, 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, 06825 was a Neutral Market.
Key Takeaway
06825 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06825, CT
How much do homes in 06825, CT cost?
Median Sold Price
$650,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06825 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 06825 was $650,000 in May 2024, up 12.8% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $229.9K | +17.9% |
| 2 Bedrooms | $376K | $427.5K | +13.7% |
| 3 Bedrooms | $550K | $625K | +13.6% |
| 4 Bedrooms | $770K | $825.5K | +7.2% |
| 5+ Bedrooms | $730K | $835K | +14.4% |
Summary: 06825 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in 06825, CT
How many homes are available in 06825, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 85 | +6.3% |
Summary: The 06825 real estate market had 85 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 06825 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 decreased by 5.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06825, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 06825 in May 2024, up by 5.3% month-over-month. Of the 20 sold homes, 30% were sold under asking, 5% were sold at asking, and 65% were sold over asking.
Days on Market for 06825, CT
We’re sorry, we don't have information for this market at the moment
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