Is 06751, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06751 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06751 was a Seller's Market.

Key Takeaway

06751 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06751, CT

How much do homes in 06751, CT cost?

Median Sold Price

$514,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$115,000(+28.8%)

Key Takeaway

Homes in 06751 have sold for 28.8% more than they did a year ago.

Summary: The median home sold price in 06751 was $514,000 in October 2024, up 28.8% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K-
N/A
2 $283K$381K
+34.6%
3 $365K$508K
+39.2%
4 $602.5K$595K
-1.2%
5+ $475K$769.5K
+62.0%

Summary: 06751 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 39.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 62%.

Median Sold Price Compared To Nearby Zip Codes

06793
+78.4%
06751
+28.8%
06763
+13.7%
06795
+1.9%

Housing Supply in 06751, CT

How many homes are available in 06751, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The 06751 real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 54
-20.0%
3 57
+40.0%
4 44
0.0%
5+ 54
-20.0%

Summary: The 06751 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 20%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 06751, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 06751 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 06751, 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 16 Days Ago

Newest Listings in 06751, CT

Nearby Markets to 06751, CT