Is 06903, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 06903 has remained a Seller's Market.
Key Takeaway
06903 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06903, CT
How much do homes in 06903, CT cost?
Median Sold Price
$984,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06903 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 06903 was $984,000 in May 2024, up 5.5% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $615K | $612.5K | -0.4% |
| 3 Bedrooms | $712.5K | $822.5K | +15.5% |
| 4 Bedrooms | $909K | $1.0M | +15.5% |
| 5+ Bedrooms | $1.2M | $1.1M | -4.1% |
Summary: 06903 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 decreased by 0.4%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 06903, CT
How many homes are available in 06903, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 98 | +16.7% |
Summary: The 06903 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 40 | 50 | +25.0% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The 06903 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 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06903, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 06903 in May 2024, up by 69.2% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for 06903, CT
How long does it take to sell a home in 06903, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 06903 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in 06903; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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