Is 06793, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06793 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06793 was a Buyer's Market.

Key Takeaway

06793 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06793, CT

How much do homes in 06793, CT cost?

Median Sold Price

$1,750,000

$508/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$769,000(+78.4%)

Key Takeaway

Homes in 06793 have sold for 78.4% more than they did a year ago.

Summary: The median home sold price in 06793 was $1,750,000 in October 2024, up 78.4% from last year, and the median price per square foot was $508.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$700K
N/A
2 $418K$685K
+63.9%
3 $910K$1.3M
+53.0%
4 $1.2M$2.3M
+92.5%
5+ $1.7M$2.8M
+55.7%

Summary: 06793 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.9%, 3 bedroom homes increased by 53%, 4 bedroom homes increased by 92.5%, and 5+ bedroom homes increased by 55.7%.

Median Sold Price Compared To Nearby Zip Codes

06793
+78.4%
06751
+28.8%
06783
+23.7%
06794
-52.6%

Housing Supply in 06793, CT

How many homes are available in 06793, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2018-10.0%

Summary: The 06793 real estate market had 18 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 53
-40.0%
4 45
+25.0%
5+ 98
-11.1%

Summary: The 06793 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06793, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 06793 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 06793, 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 06793, CT

Nearby Markets to 06793, CT