Is 06787, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06787 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06787 has remained a Seller's Market.

Key Takeaway

06787 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06787, CT

How much do homes in 06787, CT cost?

Median Sold Price

$280,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,000(-1.8%)

Key Takeaway

Homes in 06787 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 06787 was $280,000 in November 2024, down 1.8% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$168.6K
N/A
2 $172K$205K
+19.2%
3 $295K$297.5K
+0.8%
4 $410K$399K
-2.7%
5+ $240K$357K
+48.8%

Summary: 06787 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 48.8%.

Median Sold Price Compared To Nearby Zip Codes

06786
+11.5%
06782
+5.3%
06795
+4.2%
06787
-1.8%

Housing Supply in 06787, CT

How many homes are available in 06787, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
24240.0%

Summary: The 06787 real estate market had 24 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1413
-7.1%
4 66
0.0%
5+ 00
0.0%

Summary: The 06787 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 increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06787, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 06787 in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for 06787, 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 06787, CT

Nearby Markets to 06787, CT