Is 06901, 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, 06901 was a Buyer's Market.
Key Takeaway
06901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06901, CT
How much do homes in 06901, CT cost?
Median Sold Price
$400,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06901 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 06901 was $400,000 in May 2024, up 11.1% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $310K | +8.8% |
| 2 Bedrooms | $452.5K | $490K | +8.3% |
| 3 Bedrooms | $845K | $850K | +0.6% |
| 4 Bedrooms | - | $825K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 06901 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 06901, CT
How many homes are available in 06901, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The 06901 real estate market had 23 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06901 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06901, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 06901 in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for 06901, CT
We’re sorry, we don't have information for this market at the moment
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