Is 06811, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06811 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 06811 has remained a Seller's Market.

Key Takeaway

06811 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06811, CT

How much do homes in 06811, CT cost?

Median Sold Price

$449,750

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,750(+5.8%)

Key Takeaway

Homes in 06811 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 06811 was $449,750 in December 2024, up 5.8% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $185.5K$212K
+14.3%
2 $335K$367K
+9.6%
3 $443K$460K
+3.8%
4 $610K$679K
+11.3%
5+ $566.7K$760.7K
+34.2%

Summary: 06811 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 34.2%.

Median Sold Price Compared To Nearby Zip Codes

06804
+13.2%
06810
+7.2%
06811
+5.8%
06812
+4.3%
10509
+3.4%

Housing Supply in 06811, CT

How many homes are available in 06811, CT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11097-11.8%

Summary: The 06811 real estate market had 97 homes for sale in December 2024, a 11.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1213
+8.3%
2 2928
-3.4%
3 4032
-20.0%
4 2621
-19.2%
5+ 33
0.0%

Summary: The 06811 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06811, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 06811 in December 2024, down by 3.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% were sold over asking.

Days on Market for 06811, 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 2 Days Ago

Newest Listings in 06811, CT

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