Is 06840, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 06840 was a Seller's Market.
Key Takeaway
06840 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 06840, CT
How much do homes in 06840, CT cost?
Median Sold Price
$1,850,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06840 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 06840 was $1,850,000 in April 2024, up 13% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $429K | +34.1% |
| 2 Bedrooms | $806K | $875K | +8.6% |
| 3 Bedrooms | $1.1M | $1.1M | +1.3% |
| 4 Bedrooms | $1.6M | $1.7M | +8.8% |
| 5+ Bedrooms | $2.5M | $2.6M | +6.0% |
Summary: 06840 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 6%.
Housing Supply in 06840, CT
How many homes are available in 06840, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 107 | +7.0% |
Summary: The 06840 real estate market had 107 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 56 | 58 | +3.6% |
Summary: The 06840 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06840, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 06840 in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for 06840, CT
We’re sorry, we don't have information for this market at the moment
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