Is 06855, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06855 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06855 was a Seller's Market.

Key Takeaway

06855 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 06855, CT

How much do homes in 06855, CT cost?

Median Sold Price

$763,000

$429/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$143,500(+23.2%)

Key Takeaway

Homes in 06855 have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in 06855 was $763,000 in October 2024, up 23.2% from last year, and the median price per square foot was $429.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315K$257.7K
-18.2%
2 $463K$499K
+7.8%
3 $630K$760K
+20.6%
4 $790K$1.0M
+32.9%
5+ $2.1M$775K
-64.0%

Summary: 06855 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 32.9%, and 5+ bedroom homes decreased by 64%.

Median Sold Price Compared To Nearby Zip Codes

06855
+23.2%
06850
+18.0%
06854
+12.9%
06851
+6.2%
06880
-1.7%

Housing Supply in 06855, CT

How many homes are available in 06855, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The 06855 real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 46
+50.0%
4 56
+20.0%
5+ 32
-33.3%

Summary: The 06855 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06855, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 06855 in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 06855, 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 22 Days Ago

Newest Listings in 06855, CT

Nearby Markets to 06855, CT