Derby, CT Home Values & Market Trends
Real estate market trends reflect that there have been 195 transactions over the past year in Derby. The median value for residential home transactions that occurred over the previous year is $307,105.37. The number of current listings in Derby is 9, and the percentage of properties for sale in the city is 9.00%. Derby, CT currently has 4 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 9 properties for sale.
Derby, CT Real Estate Market Overview
Zip | Median Est. Value |
---|---|
06418 | $ 284,300 $ 178/sqft |
Housing Market Summary for Derby, CT
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $242.5K | $296.8K | 22.39% |
Median Sold Price | $258.5K | $296.8K | 14.82% |
Homes For Sale | 8 | 10 | 25.00% |
Homes Sold | 89 | 84 | -5.62% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Derby, CT
Browse Homes in Derby, CT
Derby home values range from $66,149 to $874,800. The median estimated value of a home in Derby is $307,105.37. The median list price of a home is 178,000, and the total count of properties in the city is 3,839.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Derby, CT with 06418 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Derby, CT; of that zips, the estimated home value for pre-foreclosure homes ranges from $344,500 in 06418 to the lowest home value of $258,000 in 06418.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Derby, CT ranges from the highest value of $285,000 in 06418 to the lowest value of $285,000 in 06418. Bank owned homes and properties account for 0.03% of properties in Derby, CT. There is 1 zips within Derby, CT; 06418 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions06418 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Derby, CT. Auction homes and other auction properties account for 0.03% of all properties in Derby, CT. There is 1 zips within Derby, CT; of that zips, the median estimated home value for homes going to auction ranges from $410,300 in 06418 to the lowest value of $410,300 in 06418.
Compare Nearby Cities
More Real Estate Resources for Derby, CT
Guide for Derby, CT
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
Learn how to secure a house mortgage even with a low credit score.
Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.
What can you do when you want to buy a house when you’re strapped for cash?