Is 06897, 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, 06897 was a Neutral Market.
Key Takeaway
06897 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06897, CT
How much do homes in 06897, CT cost?
Median Sold Price
$1,090,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06897 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 06897 was $1,090,000 in May 2024, up 10.2% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $325K | +32.7% |
| 2 Bedrooms | $518.5K | $530.5K | +2.3% |
| 3 Bedrooms | $780K | $897.5K | +15.1% |
| 4 Bedrooms | $1.1M | $1.1M | +8.4% |
| 5+ Bedrooms | $1.4M | $1.5M | +7.6% |
Summary: 06897 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in 06897, CT
How many homes are available in 06897, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 98 | +16.7% |
Summary: The 06897 real estate market had 98 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 48 | 51 | +6.3% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 06897 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06897, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 06897 in May 2024, up by 17.6% month-over-month. Of the 20 sold homes, 15% were sold under asking, 10% were sold at asking, and 75% were sold over asking.
Days on Market for 06897, CT
We’re sorry, we don't have information for this market at the moment
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