What’s My Cheshire CT Home Worth, Market Statistics for November 2021
Cheshire is a town in New Haven County offering a high quality of life. It has a population of app 29,000. It offers am easy commute to New Haven CT of 14 miles; it borders Waterbury CT and is just 25 miles south of Hartford, the state capital.
Currently in Cheshire CT there are 36 active residential listings for sale. They range from a 1,573 square ft, 3-bedroom cape listed at $229,000
to a 5,025 square ft, 4-bedroom colonial listed at $1,350,000. The average list price of the homes currently available for sale in Cheshire CT is $576,044. The average days on market for these homes is 102 days. For the month of November, there were 10 new homes listed for sale in Cheshire CT.
Search for Homes in Cheshire CT
There are currently 55 homes under contract in Cheshire CT, 18 of which went under contract in November.
In November 2021, 28 homes closed in Cheshire CT. They ranged from a 1,248 sq ft, 3-bedroom cape which sold for $232,000 to a 5,194 sq ft 5-bedroom, colonial which sold for $1,300,000. Average sales price of the homes that sold was $493,696. Average DOM of 28 days.
By comparison, there were also 28 closings in Cheshire CT for the month of November 2020, with an average price of $405,191 and avg. days on market of 34. This would indicate that in November 2021, the number of homes sold was the same as the comparable dates in 2020, and the average value of the homes was only 18% greater with less days on market. This is a very positive sign for sales in Cheshire CT with only slightly less than 2 months of inventory and even less if the very large dollar listings are excluded.
For the year 2020, the market sales or absorption rate was 28 sales per month, with an average sales value of $381,857 and average days on market of 56. This rate with the current inventory would be a 1+ month absorption rate.
The graph demonstrates the average monthly sales value in Cheshire CT with strong fluctuations from month to month. The sales appeared to demonstrate a gradual fluctuation in prices over the last 6 months.
If you are interested in buying or selling a home in the Cheshire CT area send me an email or call and we can set up a time to meet.
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 Cheshire 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 Cheshire CT.
Real Estate Market Statistics for Cheshire CT for November 2021
Comments (2)Subscribe to CommentsComment