Is 06903, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06903 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06903 has remained a Seller's Market.

Key Takeaway

06903 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06903, CT

How much do homes in 06903, CT cost?

Median Sold Price

$1,001,500

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,500(+2.2%)

Key Takeaway

Homes in 06903 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 06903 was $1,001,500 in November 2024, up 2.2% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$440K
N/A
2 $670K$767.5K
+14.6%
3 $751.1K$830K
+10.5%
4 $980K$1.0M
+5.8%
5+ $1.2M$1.2M
+1.9%

Summary: 06903 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 14.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

06840
+14.4%
06905
+13.2%
06903
+2.2%
06907
+0.7%
06831
-27.0%

Housing Supply in 06903, CT

How many homes are available in 06903, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6252-16.1%

Summary: The 06903 real estate market had 52 homes for sale in November 2024, a 16.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1610
-37.5%
4 3026
-13.3%
5+ 1514
-6.7%

Summary: The 06903 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 increased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06903, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 06903 in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.

Days on Market for 06903, 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 17 Days Ago

Newest Listings in 06903, CT

Nearby Markets to 06903, CT