Is 06906, 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, 06906 was a Seller's Market.
Key Takeaway
06906 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06906, CT
How much do homes in 06906, CT cost?
Median Sold Price
$537,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06906 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 06906 was $537,000 in May 2024, up 7.4% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $300K | +15.8% |
| 2 Bedrooms | $425K | $427K | 0.5% |
| 3 Bedrooms | $585K | $600K | +2.6% |
| 4 Bedrooms | $700K | $720K | +2.9% |
| 5+ Bedrooms | $710K | $890.5K | +25.4% |
Summary: 06906 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 25.4%.
Housing Supply in 06906, CT
How many homes are available in 06906, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 23 | -23.3% |
Summary: The 06906 real estate market had 23 homes for sale in May 2024, a 23.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 06906 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 3 | -78.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06906, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 06906 in May 2024, down by 78.6% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 06906, CT
We’re sorry, we don't have information for this market at the moment
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