Is 06770, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06770 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06770 has remained a Seller's Market.

Key Takeaway

06770 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06770, CT

How much do homes in 06770, CT cost?

Median Sold Price

$310,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+3.3%)

Key Takeaway

Homes in 06770 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 06770 was $310,000 in November 2024, up 3.3% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147K$92.4K
-37.1%
2 $182.5K$196K
+7.4%
3 $301K$321.5K
+6.8%
4 $320K$357.5K
+11.7%
5+ $357.5K$372.5K
+4.2%

Summary: 06770 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

06762
+29.6%
06403
+23.8%
06712
+9.6%
06706
+8.1%
06770
+3.3%

Housing Supply in 06770, CT

How many homes are available in 06770, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
142131-7.7%

Summary: The 06770 real estate market had 131 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 3533
-5.7%
3 6663
-4.5%
4 2317
-26.1%
5+ 1514
-6.7%

Summary: The 06770 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3725-32.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06770, you could pay more than the asking price. 68% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 06770 in November 2024, down by 32.4% month-over-month. Of the 25 sold homes, 28% were sold under asking, 4% were sold at asking, and 68% were sold over asking.

Days on Market for 06770, 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 06770, CT

Nearby Markets to 06770, CT