Is 06880, 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, 06880 has remained a Neutral Market.
Key Takeaway
06880 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 06880, CT
How much do homes in 06880, CT cost?
Median Sold Price
$1,881,500
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06880 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 06880 was $1,881,500 in May 2024, up 7.5% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394K | $515K | +30.7% |
| 2 Bedrooms | $838K | $905K | +8.0% |
| 3 Bedrooms | $1.1M | $1.0M | -6.8% |
| 4 Bedrooms | $1.7M | $1.6M | -2.4% |
| 5+ Bedrooms | $2.7M | $2.8M | +0.9% |
Summary: 06880 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 06880, CT
How many homes are available in 06880, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 158 | 165 | +4.4% |
Summary: The 06880 real estate market had 165 homes for sale in May 2024, a 4.4% increase 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 | 22 | 26 | +18.2% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 44 | 53 | +20.5% |
| 5+ Bedrooms | 74 | 70 | -5.4% |
Summary: The 06880 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 18.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06880, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 06880 in May 2024, down by 22.9% month-over-month. Of the 27 sold homes, 41% were sold under asking, 7% were sold at asking, and 52% were sold over asking.
Days on Market for 06880, CT
We’re sorry, we don't have information for this market at the moment
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