Is 06896, 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, 06896 was a Seller's Market.
Key Takeaway
06896 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06896, CT
How much do homes in 06896, CT cost?
Median Sold Price
$789,650
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06896 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 06896 was $789,650 in May 2024, down 2.8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.9K | $390.5K | +18.4% |
| 2 Bedrooms | $535K | $480K | -10.3% |
| 3 Bedrooms | $695K | $750K | +7.9% |
| 4 Bedrooms | $877K | $815K | -7.1% |
| 5+ Bedrooms | $1.0M | $962.5K | -4.5% |
Summary: 06896 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in 06896, CT
How many homes are available in 06896, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 06896 real estate market had 39 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 06896 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06896, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 06896 in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 06896, CT
We’re sorry, we don't have information for this market at the moment
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