Is 06850, 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, 06850 has remained a Seller's Market.
Housing Prices in 06850, CT
How much do homes in 06850, CT cost?
Median Sold Price
$585,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06850 was $585,000 in May 2024, up 10.8% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225.5K | $251.5K | +11.5% |
2 Bedrooms | $360.2K | $400.9K | +11.3% |
3 Bedrooms | $551K | $606.2K | +10.0% |
4 Bedrooms | $812.5K | $801K | -1.4% |
5+ Bedrooms | $852K | $817.5K | -4.0% |
Summary: 06850 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4%.
Housing Supply in 06850, CT
How many homes are available in 06850, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 73 | +5.8% |
Summary: The 06850 real estate market had 73 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 7 | -30.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 06850 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 06850 in May 2024, up by 57.1% month-over-month. Of the 22 sold homes, 23% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for 06850, CT
We’re sorry, we don't have information for this market at the moment