Is 06883, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 06883 was a Buyer's Market.
Key Takeaway
06883 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06883, CT
How much do homes in 06883, CT cost?
Median Sold Price
$1,300,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06883 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 06883 was $1,300,000 in May 2024, up 7% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $750K | $836.7K | +11.6% |
| 3 Bedrooms | $745K | $772.5K | +3.7% |
| 4 Bedrooms | $1.1M | $1.1M | +0.9% |
| 5+ Bedrooms | $1.5M | $1.6M | +6.3% |
Summary: 06883 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 06883, CT
How many homes are available in 06883, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 61 | +17.3% |
Summary: The 06883 real estate market had 61 homes for sale in May 2024, a 17.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The 06883 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 remained the same, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06883, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 06883 in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 06883, CT
We’re sorry, we don't have information for this market at the moment
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