Is 06840, 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, 06840 has remained a Seller's Market.
Housing Prices in 06840, CT
How much do homes in 06840, CT cost?
Median Sold Price
$1,850,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06840 was $1,850,000 in May 2024, up 12.8% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $429K | +34.1% |
2 Bedrooms | $800.5K | $812.5K | +1.5% |
3 Bedrooms | $1.1M | $1.2M | +9.9% |
4 Bedrooms | $1.6M | $1.7M | +7.1% |
5+ Bedrooms | $2.5M | $2.7M | +7.1% |
Summary: 06840 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 06840, CT
How many homes are available in 06840, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
114 | 130 | +14.0% |
Summary: The 06840 real estate market had 130 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 60 | 73 | +21.7% |
Summary: The 06840 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 06840 in May 2024, up by 37.5% month-over-month. Of the 22 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for 06840, CT
We’re sorry, we don't have information for this market at the moment