January 2021 Real Estate Sales Report for Wolcott CT

What’s My Wolcott CT Home’s Value January 2021

Currently in Wolcott CT there are 45 active residential listings for sale, with 14 new listings being added in January. The homes for sale in Wolcott CT range from a 1,305 square ft, 2-bedroom ranch listed at $99,000 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 $374,999. The average days on market for these homes are 78 days.  There are currently 21 homes under contract in Wolcott CT.

In January 2021, 17 homes closed in Wolcott CT. They ranged from an 1,400 square ft, 4-bedroom REO colonial, which sold for $140,000 to a 4,219 square ft, 4-bedroom colonial that sold for $510,000. The average price for the closed properties was $298,192  with average DOM of 53 days. 

For a comparison, there were 8 closings in Wolcott CT for the month of January 2020, with an average price of $223,994 and avg. days on market of 109. This shows that for January 2021, there were 9 more homes sold than in the same period the previous year, with a 33% average increase in value and less days on market.

For the year 2020, the absorption for Wolcott, CT was  22 sales per month. With this rate and the current inventory, there would be a 2+ 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.

 January 2021 Real Estate Sales Report for Wolcott CT