Is 06778, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06778 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 06778 has remained a Seller's Market.

Key Takeaway

06778 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06778, CT

How much do homes in 06778, CT cost?

Median Sold Price

$257,450

$211/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$230,050(-47.2%)

Key Takeaway

Homes in 06778 have sold for 47.2% less than they did a month ago.

Summary: The median home sold price in 06778 was $257,450 in November 2024, down 47.2% from last month, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$125K
N/A
3 $487.5K$389.9K
-20.0%
4 --
N/A
5+ --
N/A

Summary: 06778 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 20%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 06778, CT

How many homes are available in 06778, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The 06778 real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 42
-50.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 06778 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06778, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 06778 in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 06778, 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 4 Days Ago

Newest Listings in 06778, CT

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