Is 06853, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06853 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06853 has remained a Seller's Market.

Key Takeaway

06853 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06853, CT

How much do homes in 06853, CT cost?

Median Sold Price

$1,850,000

$619/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+0.8%)

Key Takeaway

Homes in 06853 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 06853 was $1,850,000 in November 2024, up 0.8% from last year, and the median price per square foot was $619.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $1.2M$1.4M
+21.7%
3 $1.5M$1.3M
-7.9%
4 $1.8M$1.8M
+3.9%
5+ $2.7M$2.2M
-18.5%

Summary: 06853 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 18.5%.

Median Sold Price Compared To Nearby Zip Codes

06854
+10.8%
06820
+5.5%
06853
+0.8%

Housing Supply in 06853, CT

How many homes are available in 06853, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2117-19.0%

Summary: The 06853 real estate market had 17 homes for sale in November 2024, a 19.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 63
-50.0%
4 117
-36.4%
5+ 23
+50.0%

Summary: The 06853 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06853, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 06853 in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 06853, 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 06853, CT

Nearby Markets to 06853, CT