$3,995,000
11,279 SqFt
5 Beds
•7 Full Baths, 2 Partial
Konstantine Wells, Listing Office: Corcoran Centric Realty
Is 06831, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 06831 has remained a Seller's Market.
Key Takeaway
06831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06831, CT
How much do homes in 06831, CT cost?
Median Sold Price
$1,317,500
$558/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$488,100(-27.0%)
Key Takeaway
Homes in 06831 have sold for 27% less than they did a year ago.
Summary: The median home sold price in 06831 was $1,317,500 in November 2024, down 27% from last year, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $405K | -1.2% |
| 2 Bedrooms | $906.2K | $791.5K | -12.7% |
| 3 Bedrooms | $1.1M | $1.1M | +7.3% |
| 4 Bedrooms | $1.6M | $1.5M | -6.0% |
| 5+ Bedrooms | $4.4M | $3.4M | -22.7% |
Summary: 06831 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 22.7%.
Housing Supply in 06831, CT
How many homes are available in 06831, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The 06831 real estate market had 45 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The 06831 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06831, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 06831 in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for 06831, CT
How long does it take to sell a home in 06831, CT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 102 Days | +925.0% |
Summary: Homes in 06831 had an average of 102 days on market in Nov 2024, up by 925% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 06831 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 06831; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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