$5,047 Closing Credit*
$425,000
1,635 SqFt
3 Beds
•2 Full Baths, 1 Partial
Maria Vilar, Listing Office: Weichert REALTORS Briotti Group
Is 06716, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 06716 was a Neutral Market.
Key Takeaway
06716 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06716, CT
How much do homes in 06716, CT cost?
Median Sold Price
$362,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,000(+14.9%)
Key Takeaway
Homes in 06716 have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in 06716 was $362,000 in October 2024, up 14.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.5K | $230K | -17.4% |
| 2 Bedrooms | $251.5K | $265K | +5.3% |
| 3 Bedrooms | $315K | $365K | +15.9% |
| 4 Bedrooms | $377.5K | $362K | -4.1% |
| 5+ Bedrooms | $391.2K | $520K | +32.9% |
Summary: 06716 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 32.9%.
Housing Supply in 06716, CT
How many homes are available in 06716, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 75 | +23.0% |
Summary: The 06716 real estate market had 75 homes for sale in October 2024, a 23.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 37 | 51 | +37.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 06716 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06716, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06716 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for 06716, 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.