Is 06824, 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, 06824 has remained a Seller's Market.
Housing Prices in 06824, CT
How much do homes in 06824, CT cost?
Median Sold Price
$971,266
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06824 was $971,266 in May 2024, up 7.9% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $316K | $425K | +34.5% |
2 Bedrooms | $490K | $579.9K | +18.4% |
3 Bedrooms | $735K | $750K | +2.0% |
4 Bedrooms | $1.1M | $1.2M | +4.3% |
5+ Bedrooms | $1.5M | $1.7M | +7.9% |
Summary: 06824 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.5%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in 06824, CT
How many homes are available in 06824, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 159 | +4.6% |
Summary: The 06824 real estate market had 159 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 45 | 48 | +6.7% |
4 Bedrooms | 61 | 61 | 0.0% |
5+ Bedrooms | 36 | 41 | +13.9% |
Summary: The 06824 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 10%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 06824 in May 2024, the same as the previous month. Of the 31 sold homes, 16% were sold under asking, 13% were sold at asking, and 71% were sold over asking.
Days on Market for 06824, CT
We’re sorry, we don't have information for this market at the moment