$10,000 Closing Credit*
$1,150,000
2,820 SqFt
5 Beds
•5 Full Baths, 1 Partial
Lisa DeFonce, Listing Office: Houlihan Lawrence
Is 06850, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 06850 has remained a Seller's Market.
Key Takeaway
06850 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06850, CT
How much do homes in 06850, CT cost?
Median Sold Price
$622,500
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+18.0%)
Key Takeaway
Homes in 06850 have sold for 18% more than they did a year ago.
Summary: The median home sold price in 06850 was $622,500 in October 2024, up 18% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238K | $224K | -5.9% |
| 2 Bedrooms | $370K | $425K | +14.9% |
| 3 Bedrooms | $560K | $630K | +12.5% |
| 4 Bedrooms | $745.2K | $850K | +14.1% |
| 5+ Bedrooms | $770K | $955K | +24.0% |
Summary: 06850 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 24%.
Housing Supply in 06850, CT
How many homes are available in 06850, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 66 | -2.9% |
Summary: The 06850 real estate market had 66 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 06850 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06850, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 06850 in October 2024, up by 31.3% month-over-month. Of the 21 sold homes, 33% were sold under asking, 5% were sold at asking, and 62% were sold over asking.
Days on Market for 06850, CT
We’re sorry, we don't have information for this market at the moment
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