Is 06880, 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, 06880 was a Buyer's Market.
Key Takeaway
06880 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06880, CT
How much do homes in 06880, CT cost?
Median Sold Price
$1,890,333
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06880 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 06880 was $1,890,333 in April 2024, up 5.7% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394K | $515K | +30.7% |
| 2 Bedrooms | $817K | $905K | +10.8% |
| 3 Bedrooms | $1.1M | $1.0M | -10.2% |
| 4 Bedrooms | $1.7M | $1.6M | -5.8% |
| 5+ Bedrooms | $2.7M | $2.8M | +5.0% |
Summary: 06880 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 5%.
Housing Supply in 06880, CT
How many homes are available in 06880, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 160 | +22.1% |
Summary: The 06880 real estate market had 160 homes for sale in April 2024, a 22.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 21 | +50.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 26 | 43 | +65.4% |
| 5+ Bedrooms | 72 | 78 | +8.3% |
Summary: The 06880 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 50%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 65.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 33 | +94.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06880, you could pay more than the asking price. 48.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 06880 in April 2024, up by 94.1% month-over-month. Of the 33 sold homes, 42% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for 06880, CT
We’re sorry, we don't have information for this market at the moment
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