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What’s My Naugatuck CT Home Worth in March 2015

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Naugatuck CT Real Estate Statistics for March 2015

 
 

What’s My Naugatuck CT Home Worth in March 2015 

 

Search for Homes in Naugatuck CT

Currently in Naugatuck CT there are 198 active residential listings for sale, with 36 new listings being added in March. The homes for sale in Naugatuck CT range from a 720 square ft, 2-bedroom mobile home, listed at $35,900 to a 15,188 square ft, 9-bedroom, English  Manor colonial listed at $749,000.

 

The average list price of the homes currently available for sale in Naugatuck CT is $192,677. The average days on market for these homes are 149 days. In addition, there are currently 27 homes under contract in Naugatuck CT, with 10 having going under contract in March. 

 

 What’s My Naugatuck CT Home Worth in March 2015

 

In March, 21 homes closed in Naugatuck CT. They ranged from a 1,449 square ft, 3-bedroom REO colonial, which sold for $45,000 to a 2,350 square ft, 4-bedroom colonial which sold for $267,000. The average price for the homes that closed in March in Naugatuck CT was $154,505 with average days on market of 87 days.  The closed properties had a Sales price to List price ratio of 96.3%.

 

By comparison, there were 15 closings in Naugatuck CT for the month of March 2014, with an average sales price of $129,093 and avg. days on market of 110. This indicates that for March of 2015, there were 6 additional homes sold as in March 2014, and at an average price almost 16%  more with less days on market, which would demonstrate an increased market for units sold, value and less time on marekt.  This shows an improving market.

For the year 2014, the market sales or absorption rate was 20 sales per month, with an average sales value of $150,207 and average days on market of 94. 

 

For the year first quarter of 2014, the market sales or absorption rate for Naugatuck CT was 16 sales per month, with an average sales value of $156,867 and average days on market of 109. This rate with the inventory would be a 12+ month absorption rate. The current market is still considered a buyer’s market.

 

Naugatuck CT Market Trends mar 2015 

The graph demonstrates the average monthly sales value in Naugatuck CT for a 12 month span with strong fluctuations from month to month. The values in Naugatuck CT appear to be trying to stabilize but are not there as yet.

 

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer Free Market Evaluations to assist you in evaluating your home for possible sale.

 

If you would like information on homes for sale in Naugatuck CT please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Naugatuck CT.

 

 Homes for sale in Naugatuck CT

 

 What’s My Naugatuck CT Home Worth in March 2015

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (6)

Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Ed, you're the man in the know! What a vast range there is...one for every buyer. Any tiny homes in your area? They're "big" in Portland! 

Go get'em, golf can wait!!

Apr 24, 2015 06:20 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Well Ed, the business seems to be good in Naugatuck CT...not a bad closing rate for March...home buyers should be calling you to represent them in their home search.

Apr 24, 2015 09:02 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed this is a well welcomed direction Naugatuck is going, hope the trend continues.

Apr 24, 2015 10:12 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Wow Ed.  12 month's of inventory means it is tough to be a seller in Naugatuck.

Apr 24, 2015 09:01 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Ed,

Excllent market report! I agree with Conrad Allen 12 months worth of inventory is tough for a seller wanting to sell!

Apr 25, 2015 12:38 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Ed. This is another great real esate market report from you. Both buyers and sellers will find this information useful. 

Apr 25, 2015 02:22 AM