$1,603 Closing Credit*
$135,000
748 SqFt
1 Bed
•1 Full Bath
Zach Pranger, Listing Office: Group Realty LLC
Is 06705, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$251,333
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,333(+11.7%)
Key Takeaway
Homes in 06705 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 06705 was $251,333 in October 2024, up 11.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $137.5K | -32.9% |
| 2 Bedrooms | $172K | $210K | +22.1% |
| 3 Bedrooms | $242K | $275K | +13.6% |
| 4 Bedrooms | $239K | $295K | +23.4% |
| 5+ Bedrooms | $320K | $387.5K | +21.1% |
Summary: 06705 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.9%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 21.1%.
Housing Supply in 06705, CT
How many homes are available in 06705, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 85 | -3.4% |
Summary: The 06705 real estate market had 85 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 06705 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06705, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 06705 in October 2024, down by 25.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 06705, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.