$10,000 Closing Credit*
$1,800,000
2,624 SqFt
5 Beds
•3 Full Baths
Melissa Montagno, Listing Office: Higgins Group Real Estate
Is 06878, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 06878 was a Neutral Market.
Key Takeaway
06878 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06878, CT
How much do homes in 06878, CT cost?
Median Sold Price
$1,920,500
$672/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$506,125(-20.9%)
Key Takeaway
Homes in 06878 have sold for 20.9% less than they did a year ago.
Summary: The median home sold price in 06878 was $1,920,500 in November 2024, down 20.9% from last year, and the median price per square foot was $672.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $740K | $820K | +10.8% |
| 3 Bedrooms | $1.3M | $1.4M | +14.2% |
| 4 Bedrooms | $1.8M | $1.3M | -31.4% |
| 5+ Bedrooms | $3.1M | $3.3M | +6.0% |
Summary: 06878 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 10.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Zip Codes
| 06870 | $1.5M | $1.6M | +2.4% |
| 06878 | $2.4M | $1.9M | -20.9% |
Housing Supply in 06878, CT
How many homes are available in 06878, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The 06878 real estate market had 6 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 06878 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 06878, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 06878 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 06878, CT
We’re sorry, we don't have information for this market at the moment
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