Is 06896, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06896 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06896 has remained a Seller's Market.

Key Takeaway

06896 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06896, CT

How much do homes in 06896, CT cost?

Median Sold Price

$857,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,050(+6.5%)

Key Takeaway

Homes in 06896 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 06896 was $857,000 in October 2024, up 6.5% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $354.9K$390.5K
+10.0%
2 $480K$602.5K
+25.5%
3 $746.5K$681.8K
-8.7%
4 $812.4K$900K
+10.8%
5+ $975K$1.3M
+35.4%

Summary: 06896 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 35.4%.

Median Sold Price Compared To Nearby Zip Codes

06612
+10.5%
06896
+6.5%
06801
+4.3%
06877
+2.8%
06883
+1.8%

Housing Supply in 06896, CT

How many homes are available in 06896, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5461+13.0%

Summary: The 06896 real estate market had 61 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 813
+62.5%
4 2926
-10.3%
5+ 1217
+41.7%

Summary: The 06896 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 62.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 41.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06896, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 06896 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.

Days on Market for 06896, 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 06896, CT

Nearby Markets to 06896, CT