Is 06798, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06798 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06798 was a Seller's Market.

Key Takeaway

06798 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06798, CT

How much do homes in 06798, CT cost?

Median Sold Price

$478,250

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$93,250(+24.2%)

Key Takeaway

Homes in 06798 have sold for 24.2% more than they did a year ago.

Summary: The median home sold price in 06798 was $478,250 in November 2024, up 24.2% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.5K$113.7K
-51.1%
2 $250K$220K
-12.0%
3 $402.5K$550K
+36.6%
4 $607.7K$611.2K
+0.6%
5+ $809.6K$772.5K
-4.6%

Summary: 06798 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.1%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 36.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

06762
+29.6%
06798
+24.2%
06783
+23.6%
06795
+4.2%

Housing Supply in 06798, CT

How many homes are available in 06798, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6570+7.7%

Summary: The 06798 real estate market had 70 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1517
+13.3%
3 2626
0.0%
4 1821
+16.7%
5+ 44
0.0%

Summary: The 06798 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 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
176-64.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06798, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 06798 in November 2024, down by 64.7% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 06798, 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 06798, CT

Nearby Markets to 06798, CT