Is 06790, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06790 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06790 has remained a Seller's Market.

Key Takeaway

06790 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06790, CT

How much do homes in 06790, CT cost?

Median Sold Price

$275,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,904(+17.0%)

Key Takeaway

Homes in 06790 have sold for 17% more than they did a year ago.

Summary: The median home sold price in 06790 was $275,000 in October 2024, up 17% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $120K$143K
+19.2%
2 $185K$225K
+21.6%
3 $245K$276.5K
+12.9%
4 $263.5K$300K
+13.9%
5+ $255K$326K
+27.8%

Summary: 06790 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 27.8%.

Median Sold Price Compared To Nearby Zip Codes

06759
+29.0%
06790
+17.0%
06057
+15.1%
06756
+11.3%
06791
+11.1%

Housing Supply in 06790, CT

How many homes are available in 06790, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
187188+0.5%

Summary: The 06790 real estate market had 188 homes for sale in October 2024, a 0.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 3838
0.0%
3 8677
-10.5%
4 3741
+10.8%
5+ 2429
+20.8%

Summary: The 06790 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 remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 20.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4146+12.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06790, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in 06790 in October 2024, up by 12.2% month-over-month. Of the 46 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% were sold over asking.

Days on Market for 06790, 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 06790, CT

Nearby Markets to 06790, CT