Market Statistics for Southington CT January 2022
Southington CT is a town in Hartford County with a population of app 50,000. It is app 20 miles from Hartford CT with a relatively easy commute. Town government is a Town Council which appoints a Town Manager. It is a mix of residential, commercial and industrial properties and businesses. It also has a highly accredited school system with 8 elementary schools, 2 middle schools and 1 high school.
Search for Homes in Southington CT
Currently in Southington CT there are 16 active residential listings for sale, with 4 new listings being added in January 2022. The homes for sale in Southington CT range from a 768 square ft, 2-bedroom mobile home listed at $65,900 to a 5,274 square ft, 5-bedroom, colonial listed at $1,250,000.
The average list price of the homes currently available for sale in Southington CT is $468,020. The average days on market for these homes are 47 days. In addition, there are currently 25 homes under contingency contract and 75 homes under hard deposit.
In January 2022, 42 homes closed in Southington CT. They ranged from a 1,162 square ft, 3-bedroom colonial, which sold for $130,000 to a 2,392 square ft, 4-bedroom colonial which sold for $615,000. The average price for the homes that closed in January in Southington CT was $315,306 with average days on market of 24 days. The closed properties had a Sales price to List price ratio of 102%.
By comparison, there were 31 closings in Southington CT for the month of January 2021, with an average sales price of $391,559 and avg. days on market of 46. This indicates that for January of 2022, there were 11 more homes sold than in January 2021, at an average price almost 19% greater than the same period in 2021 with less time on market.
For the year 2021, the market sales or absorption rate was 52 sales per month, with an average sales value of $357,708 and average days on market of 31.
With this rate and the current inventory, there would be less than a 1-month absorption rate, which is a very strong seller's market. The Southington CT real estate market is definitely a very active sellers' market but still strong fluctuations from month to month.
The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with modest if any gains from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to be maintaining strong price appreciation.
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 Southington 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 Southington CT.
January 2022 Real Estate Sales Report for Southington CT
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