Is 06905, 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, 06905 has remained a Seller's Market.
Key Takeaway
06905 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06905, CT
How much do homes in 06905, CT cost?
Median Sold Price
$640,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06905 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 06905 was $640,000 in May 2024, up 6.7% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | $377.5K | +26.0% |
| 2 Bedrooms | $425K | $485K | +14.1% |
| 3 Bedrooms | $636.2K | $712.5K | +12.0% |
| 4 Bedrooms | $767.5K | $850K | +10.7% |
| 5+ Bedrooms | $985K | $895K | -9.1% |
Summary: 06905 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in 06905, CT
How many homes are available in 06905, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 77 | +10.0% |
Summary: The 06905 real estate market had 77 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 23 | 33 | +43.5% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 06905 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 decreased by 17.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
3 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 06905, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 06905 in May 2024, up by 5.9% month-over-month. Of the 18 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 06905, CT
We’re sorry, we don't have information for this market at the moment
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