What’s My Wolcott CT Home’s Value December 2020
Currently in Wolcott CT there are 46 active residential listings for sale, with 18 new listings being added in December. The homes for sale in Wolcott CT range from a 798 square ft, 2-bedroom ranch listed at $117,900 to a 7,000 square ft, 6-bedroom contemporary listed at $1,600,000.
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The average list price of the homes currently available for sale in Wolcott CT is $388,957. The average days on market for these homes are 88 days. There are currently 22 homes under contract in Wolcott CT.
In December 2020, 23 homes closed in Wolcott CT. They ranged from an 988 square ft, 3-bedroom ranch, which sold for $180,000 to a 2,322 square ft, 5-bedroom colonial that sold for $530,000. The average price for the closed properties was $317,240 with average DOM of 46 days.
For a comparison, there were 11 closings in Wolcott CT for the month of December 2019, with an average price of $245,300 and avg. days on market of 70. This shows that for December 2020, there were 12 more homes sold than in the same period the previous year, with a 23% average increase in value and less days on market.
For the year 2019, the absorption for Wolcott, CT was 17 sales per month. With this rate and the current inventory, there would be a 2.5+ month absorption rate, which is a strong seller's. The Wolcott CT real estate market is showing a positive improvement in values.
The graph demonstrates the average monthly sales value in Wolcott CT with positive increase in values from month to month. The values in Wolcott CT are showing some signs of strong increase in values over the previous year.
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 your sale.
If you would like information on homes for sale in Wolcott 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 Wolcott CT.
December 2020 Real Estate Sales Report for Wolcott CT
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