Is 06907, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06907 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06907 was a Seller's Market.

Key Takeaway

06907 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06907, CT

How much do homes in 06907, CT cost?

Median Sold Price

$599,500

$336/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+3.0%)

Key Takeaway

Homes in 06907 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 06907 was $599,500 in October 2024, up 3% from last year, and the median price per square foot was $336.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.5K$225K
-3.2%
2 $439K$502.5K
+14.5%
3 $633.5K$630K
-0.6%
4 $749.9K$815K
+8.7%
5+ $900K$900K
0.0%

Summary: 06907 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

06906
+25.0%
06905
+13.3%
06820
+7.7%
06903
+5.4%
06907
+3.0%

Housing Supply in 06907, CT

How many homes are available in 06907, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2527+8.0%

Summary: The 06907 real estate market had 27 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 108
-20.0%
3 88
0.0%
4 45
+25.0%
5+ 23
+50.0%

Summary: The 06907 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
102-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06907, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 06907 in October 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 06907, 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 14 Days Ago

Newest Listings in 06907, CT

Nearby Markets to 06907, CT