Is 06706, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06706 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06706 was a Seller's Market.

Key Takeaway

06706 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06706, CT

How much do homes in 06706, CT cost?

Median Sold Price

$260,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,500(+8.1%)

Key Takeaway

Homes in 06706 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 06706 was $260,000 in November 2024, up 8.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$135K
N/A
2 $176K$189.9K
+7.9%
3 $249K$255K
+2.4%
4 $275K$277.5K
+0.9%
5+ $285K$350K
+22.8%

Summary: 06706 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Zip Codes

06705
+13.3%
06708
+10.9%
06706
+8.1%
06704
+7.9%

Housing Supply in 06706, CT

How many homes are available in 06706, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4952+6.1%

Summary: The 06706 real estate market had 52 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 913
+44.4%
3 2123
+9.5%
4 86
-25.0%
5+ 87
-12.5%

Summary: The 06706 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06706, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 06706 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for 06706, 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 17 Days Ago

Newest Listings in 06706, CT

Nearby Markets to 06706, CT