Is 06776, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 06776 was a Seller's Market.
Key Takeaway
06776 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 06776, CT
How much do homes in 06776, CT cost?
Median Sold Price
$425,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06776 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 06776 was $425,000 in May 2024, up 6.3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $176K | +18.1% |
| 2 Bedrooms | $255K | $272.5K | +6.9% |
| 3 Bedrooms | $395K | $417K | +5.6% |
| 4 Bedrooms | $505K | $560K | +10.9% |
| 5+ Bedrooms | $510K | $725K | +42.2% |
Summary: 06776 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 42.2%.
Median Sold Price Compared To Nearby Zip Codes
| 06752 | $625.7K | $750K | +19.9% |
| 06784 | $585K | $700K | +19.7% |
| 06776 | $400K | $425K | +6.3% |
| 06755 | $410.4K | $430K | +4.8% |
Housing Supply in 06776, CT
How many homes are available in 06776, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 112 | +23.1% |
Summary: The 06776 real estate market had 112 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 37 | 46 | +24.3% |
| 4 Bedrooms | 26 | 33 | +26.9% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 06776 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06776, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 06776 in May 2024, down by 26.1% month-over-month. Of the 17 sold homes, 18% were sold under asking, 12% were sold at asking, and 71% were sold over asking.
Days on Market for 06776, CT
We’re sorry, we don't have information for this market at the moment
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