Is 06804, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06804 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06804 was a Seller's Market.

Key Takeaway

06804 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 06804, CT

How much do homes in 06804, CT cost?

Median Sold Price

$559,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$79,000(+16.5%)

Key Takeaway

Homes in 06804 have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in 06804 was $559,000 in November 2024, up 16.5% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $196K$255K
+30.1%
2 $372.5K$387K
+3.9%
3 $470K$536K
+14.1%
4 $665K$720K
+8.3%
5+ $767.5K$715K
-6.8%

Summary: 06804 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

06804
+16.5%
06470
+13.4%
06752
+12.2%
06812
+6.0%
06811
+3.5%

Housing Supply in 06804, CT

How many homes are available in 06804, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7467-9.5%

Summary: The 06804 real estate market had 67 homes for sale in November 2024, a 9.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 1012
+20.0%
3 2823
-17.9%
4 2419
-20.8%
5+ 67
+16.7%

Summary: The 06804 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 20%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2210-54.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06804, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 06804 in November 2024, down by 54.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for 06804, 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 21 Days Ago

Newest Listings in 06804, CT

Nearby Markets to 06804, CT