What’s My Naugatuck CT Home Worth in February 2021
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Currently in Naugatuck CT there are 58 active residential listings for sale, with 13 new listings being added in February. The homes for sale in Naugatuck CT range from a 1,472 square ft, 3-bedroom REO colonial, listed at $89,900 to a 1,870 square ft, 4-bedroom raised ranch listed at $418,000.
The average list price of the homes currently available for sale in Naugatuck CT is $266,979. The average days on market for these homes are 69 days. In addition, there are currently 39 homes under contract in Naugatuck CT, with 11 having gone under contract in February.
In February of 2021, 23 homes closed in Naugatuck CT. They ranged from a 1,520 square ft, 3-bedroom colonial, which sold for $115,000 to a 2,729 square ft, 3-bedroom colonial which sold for $324,900. The average price for the homes that closed in February in Naugatuck CT was $233,633 with average days on market of 45 days. The closed properties had a Sales price to List price ratio of 101%.
By comparison, there were also 23 closings in Naugatuck CT for the month of February 2020, with an average sales price of $169,339 and avg. days on market of 81. This indicates that for February of 2021, there were the same number of homes sold as in February of 2020, and at an average price almost 26% greater less with less days on market. This shows a very aggressive market for Naugatuck CT.
For the year 2020, the market sales or absorption rate was 37 sales per month, with an average sales value of $213,890 and an average of 66 days on market.
With this rate and the current inventory, there would be a 1+ 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 your 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 February 2021
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