Is 06705, 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, 06705 has remained a Seller's Market.
Key Takeaway
06705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06705, CT
How much do homes in 06705, CT cost?
Median Sold Price
$235,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06705 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 06705 was $235,000 in May 2024, up 12.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $157.5K | +12.5% |
| 2 Bedrooms | $161K | $192.5K | +19.6% |
| 3 Bedrooms | $220K | $264.8K | +20.4% |
| 4 Bedrooms | $267.7K | $252.5K | -5.7% |
| 5+ Bedrooms | $293.7K | $365K | +24.3% |
Summary: 06705 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 24.3%.
Housing Supply in 06705, CT
How many homes are available in 06705, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Summary: The 06705 real estate market had 67 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 06705 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06705, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 06705 in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 6% were sold at asking, and 72% were sold over asking.
Days on Market for 06705, CT
We’re sorry, we don't have information for this market at the moment
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