What’s My Naugatuck CT Home Worth in December 2018
Currently in Naugatuck CT there are 97 active residential listings for sale, with 20 new listings being added in December. The homes for sale in Naugatuck CT range from a 784 square ft, 2-bedroom mobile home, listed at $24,000 to a 3,696 square ft, 4-bedroom colonial listed at $449,900.
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The average list price of the homes currently available for sale in Naugatuck CT is $227,254. The average days on market for these homes are 146 days. In addition, there are currently 31 homes under contract in Naugatuck CT, with 5 having going under contract in December.
In December of 2018, 27 homes closed in Naugatuck CT. They ranged from a 1,063 square ft, 2-bedroom ranch, which sold for $53,200 to a 2,704 square ft, 4-bedroom colonial which sold for $320,000. The average price for the homes that closed in December in Naugatuck CT was $205,598 with average days on market of 77 days. The closed properties had a Sales price to List price ratio of 99%.
By comparison, there were 26 closings in Naugatuck CT for the month of December 2017, with an average sales price of $179,141 and avg. days on market of 89. This indicates that for December of 2018, there were a similar number of homes sold as in December 2017, but at an average price almost 13% greater less with less days on market. This shows a very stable market for Naugatuck CT.
For the year 2017, the market sales or absorption rate was 28 sales per month, with an average sales value of $164,574 and an average of 77 days on market.
For the year 2018, the market sales or absorption rate was 27 sales per month, with an average sales value of $188,849 and an average of 98 days on market. This represents an overall increase in value of 13% over the previous year which is a positive for values in Naugatuck CT.
With this rate and the current inventory, there would be a 4 month absorption rate, which is a strong seller's market. The Naugatuck CT real estate market is showing a positive improvement in values.
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 still trying to stabilize.
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.
What’s My Naugatuck CT Home Worth in December 2018
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