What’s My Naugatuck CT Home Worth in January 2022
Naugatuck CT is a town of app 32,000 in New Haven County. It spans the Naugatuck river and its roots go back as a farming community. As the farms began to turn into residential communities, manufacturing took over and the rubber industry was primary with the evolution of the GoodYear Metallic Rubber Shoe Company into US Rubber, which evolved into Uniroyal. With the decline of manufacturing, the town is primarily a residential community with easy access to New Haven and Bridgeport.
Currently in Naugatuck CT there are 12 active residential listings for sale, with 8 new listings being added in January . The homes for sale in Naugatuck CT range from a 1,665 square ft, 3-bedroom cape home, listed at $180,000 to a 2,460 square ft, 4-bedroom ranch listed at $589,900.
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The average list price of the homes currently available for sale in Naugatuck CT is $311,131 and the average days on market for these homes are 52 days. In addition, there are currently 15 homes under pending status and 31 under hard deposit in Naugatuck CT.
In January of 2022, 28 homes closed in Naugatuck CT. They ranged from a 1,341 square ft, 3-bedroom cape, which sold for $170,000 to a 1,829 square ft, 3-bedroom colonial which sold for $380,000. The average price for the homes that closed in January in Naugatuck CT was $264,182 with average days on market of 46 days. The closed properties had a Sales price to List price ratio of 104%.
By comparison, there were 38 closings in Naugatuck CT for the month of January 2021, with an average sales price of $236,253 and avg. days on market of 35. This indicates that for January of 2022, there were 10 less homes sold than in January of 2021, and at an average price of 11% greater in value with slightly longer days on market. This shows a tempering of the market for Naugatuck CT due to lack of inventory yet prices are still increasing.
For the year 2021, the market sales or absorption rate was 38 sales per month, with an average sales value of $255,075 and an average of 35 days on market.
With this rate and the current inventory, there would be a slightly less than a 2-week absorption rate, which is a strong seller's market. The Naugatuck CT real estate market is showing a consistency 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 trending higher.
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 January 2021
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