Is 06851, 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, 06851 has remained a Seller's Market.
Key Takeaway
06851 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06851, CT
How much do homes in 06851, CT cost?
Median Sold Price
$586,875
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06851 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 06851 was $586,875 in May 2024, up 7.1% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $292K | +10.2% |
| 2 Bedrooms | $410K | $462K | +12.7% |
| 3 Bedrooms | $585K | $608.5K | +4.0% |
| 4 Bedrooms | $655K | $732.5K | +11.8% |
| 5+ Bedrooms | $688.5K | $908.5K | +32.0% |
Summary: 06851 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 32%.
Housing Supply in 06851, CT
How many homes are available in 06851, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 81 | +1.3% |
Summary: The 06851 real estate market had 81 homes for sale in May 2024, a 1.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 06851 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 increased by 27.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06851, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 06851 in May 2024, down by 34.6% month-over-month. Of the 17 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.
Days on Market for 06851, CT
We’re sorry, we don't have information for this market at the moment
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