$7,458 Closing Credit*
$628,000
1,782 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marion Filley, Listing Office: Compass Connecticut, LLC
Is 06897, 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, 06897 has remained a Seller's Market.
Key Takeaway
06897 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06897, CT
How much do homes in 06897, CT cost?
Median Sold Price
$1,132,500
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$94,000(+9.1%)
Key Takeaway
Homes in 06897 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 06897 was $1,132,500 in October 2024, up 9.1% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $325K | +34.0% |
| 2 Bedrooms | $511K | $580K | +13.5% |
| 3 Bedrooms | $794.5K | $895K | +12.6% |
| 4 Bedrooms | $1.1M | $1.1M | -1.3% |
| 5+ Bedrooms | $1.4M | $1.5M | +5.9% |
Summary: 06897 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 06897, CT
How many homes are available in 06897, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 76 | -3.8% |
Summary: The 06897 real estate market had 76 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 34 | 34 | 0.0% |
| 5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The 06897 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06897, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 06897 in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for 06897, CT
We’re sorry, we don't have information for this market at the moment
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