Is 06905, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06905 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06905 has remained a Seller's Market.

Key Takeaway

06905 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06905, CT

How much do homes in 06905, CT cost?

Median Sold Price

$710,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$83,000(+13.2%)

Key Takeaway

Homes in 06905 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 06905 was $710,000 in November 2024, up 13.2% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $354K$335.8K
-5.1%
2 $476.2K$497.5K
+4.5%
3 $660K$750K
+13.6%
4 $850K$850K
0.0%
5+ $1.1M$955K
-18.7%

Summary: 06905 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 18.7%.

Median Sold Price Compared To Nearby Zip Codes

06906
+33.7%
06905
+13.2%
06901
+12.3%
06902
+10.4%

Housing Supply in 06905, CT

How many homes are available in 06905, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6953-23.2%

Summary: The 06905 real estate market had 53 homes for sale in November 2024, a 23.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 68
+33.3%
2 169
-43.8%
3 2620
-23.1%
4 1511
-26.7%
5+ 65
-16.7%

Summary: The 06905 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 43.8%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2012-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06905, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 06905 in November 2024, down by 40.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.

Days on Market for 06905, 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 06905, CT

Nearby Markets to 06905, CT