Is 06855, 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, 06855 has remained a Seller's Market.
Key Takeaway
06855 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06855, CT
How much do homes in 06855, CT cost?
Median Sold Price
$620,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06855 have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in 06855 was $620,000 in May 2024, down 4.6% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $255K | -16.4% |
| 2 Bedrooms | $390K | $545K | +39.7% |
| 3 Bedrooms | $650K | $597K | -8.2% |
| 4 Bedrooms | $782.5K | $940K | +20.1% |
| 5+ Bedrooms | $1.4M | $842.5K | -40.4% |
Summary: 06855 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 39.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 40.4%.
Housing Supply in 06855, CT
How many homes are available in 06855, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The 06855 real estate market had 22 homes for sale in May 2024, a 29.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06855 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 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06855, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 06855 in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 06855, CT
We’re sorry, we don't have information for this market at the moment
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