Is 06784, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06784 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06784 was a Buyer's Market.

Key Takeaway

06784 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06784, CT

How much do homes in 06784, CT cost?

Median Sold Price

$672,000

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+4.2%)

Key Takeaway

Homes in 06784 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 06784 was $672,000 in October 2024, up 4.2% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $221.5K$210K
-5.2%
2 $599.2K$644K
+7.5%
3 $592K$635K
+7.3%
4 $708.2K$990K
+39.8%
5+ $880K$1.4M
+64.8%

Summary: 06784 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 64.8%.

Median Sold Price Compared To Nearby Zip Codes

06776
+6.4%
06812
+5.9%
06784
+4.2%

Housing Supply in 06784, CT

How many homes are available in 06784, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3138+22.6%

Summary: The 06784 real estate market had 38 homes for sale in October 2024, a 22.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 76
-14.3%
4 1721
+23.5%
5+ 23
+50.0%

Summary: The 06784 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06784, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 06784 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 06784, 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 14 Days Ago

Newest Listings in 06784, CT

Nearby Markets to 06784, CT