$5,926 Closing Credit*
$499,000
982 SqFt
1 Bed
•1 Full Bath, 1 Partial
Amy Desel, Listing Office: Compass Connecticut, LLC
Is 06883, 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, 06883 has remained a Seller's Market.
Key Takeaway
06883 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06883, CT
How much do homes in 06883, CT cost?
Median Sold Price
$1,310,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,500(+1.8%)
Key Takeaway
Homes in 06883 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 06883 was $1,310,000 in October 2024, up 1.8% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $948.5K | $574.9K | -39.4% |
| 3 Bedrooms | $711.7K | $915.7K | +28.7% |
| 4 Bedrooms | $1.2M | $1.1M | -3.3% |
| 5+ Bedrooms | $1.5M | $1.7M | +11.1% |
Summary: 06883 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.4%, 3 bedroom homes increased by 28.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 06883, CT
How many homes are available in 06883, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 49 | +2.1% |
Summary: The 06883 real estate market had 49 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The 06883 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06883, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 06883 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 06883, CT
We’re sorry, we don't have information for this market at the moment
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