Is 06902, 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, 06902 has remained a Seller's Market.
Key Takeaway
06902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06902, CT
How much do homes in 06902, CT cost?
Median Sold Price
$481,700
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06902 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 06902 was $481,700 in May 2024, up 7.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214K | $229K | +7.0% |
| 2 Bedrooms | $340K | $390K | +14.7% |
| 3 Bedrooms | $640K | $630.5K | -1.5% |
| 4 Bedrooms | $850K | $970K | +14.1% |
| 5+ Bedrooms | $855.5K | $1.1M | +28.6% |
Summary: 06902 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 28.6%.
Housing Supply in 06902, CT
How many homes are available in 06902, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 153 | +11.7% |
Summary: The 06902 real estate market had 153 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 52 | 46 | -11.5% |
| 3 Bedrooms | 26 | 34 | +30.8% |
| 4 Bedrooms | 22 | 31 | +40.9% |
| 5+ Bedrooms | 24 | 29 | +20.8% |
Summary: The 06902 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 11.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06902, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 06902 in May 2024, up by 9.7% month-over-month. Of the 34 sold homes, 26% were sold under asking, 12% were sold at asking, and 62% were sold over asking.
Days on Market for 06902, CT
We’re sorry, we don't have information for this market at the moment
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