Is 06702, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06702 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 06702 was a Seller's Market.

Key Takeaway

06702 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 06702, CT

How much do homes in 06702, CT cost?

Median Sold Price

$358,000

$116/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$84,500(-19.1%)

Key Takeaway

Homes in 06702 have sold for 19.1% less than they did a month ago.

Summary: The median home sold price in 06702 was $358,000 in December 2024, down 19.1% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $442.5K$358K
-19.1%

Summary: 06702 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 19.1%.

Housing Supply in 06702, CT

How many homes are available in 06702, CT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
46+50.0%

Summary: The 06702 real estate market had 6 homes for sale in December 2024, a 50.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 11
0.0%
5+ 35
+66.7%

Summary: The 06702 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06702, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 06702 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 06702, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 06702, CT

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