Both the median and average sales prices in Rocky Hill have increased for single family homes in 2010 over 2009! In addition, the number of closed sales through October equals the total number of closed sales in all of 2009. Rocky Hill single family home sales volumes may end 2010 closer to the volume we saw in 2008. As we saw with the Wethersfield single family home market statistics, the first time home buyer tax credit incentivized first time home buyers to buy their first homes which then enabled existing home buyers to “move up” and buy larger, more expensive homes at near historic low-interest rates.
Historical Snapshot of Rocky Hill Sales Activity as of 10/31/2010
| Year | # Units Sold | Median Sales Price | Average Sales Price | Average Days On Market |
| YTD 2010 | 72 | $295,000 | $322,643 | 57 days |
| 2009 | 72 | $268,000 | $284,396 | 74 days |
| 2008 | 92 | $279,950 | $314,211 | 59 days |
| 2007 | 113 | $301,000 | $318,939 | 71 days |
| 2006 | 117 | $297,000 | $327,546 | 61 days |
| 2005 | 128 | $267,450 | $284,461 | 51 days |
| 2004 | 120 | $264,750 | $284,263 | 41 days |
| 2003 | 119 | $245,000 | $276,166 | 54 days |
October 2010 Market Activity
| On Market | Pending Sales | Closed Sales | |
| October Volumes | 14 New Listings | 9 Went Under Contract | 10 Closed This Month |
| Total Volumes | 63 Listings On Market | 20 Pending Sales | 72 Closed This Year |
| Most Expensive | $635,000 | $454,900 | $1,165,000 |
| Least Expensive | $149,000 | $153,900 | $130,000 |
| % With Price Reductions | 35.94% | 55.0% | 33.33% |
The supply time for current inventory (homes on the market) is 7.8 months with about the same number of homes on the market at the end of October (64) as were on the market at the end of September (65).
Median Listing and Sales Statistics as of 10/31/2010
| On Market | Pending Sales | Closed Sales | |
| House Size | 1,920 sq. ft. | 2,068 sq. ft. | 1,890 sq. ft. |
| Days on Market | 68 days | 56 days | 32 days |
| List Price | $369,900 | $309,450 | $299,450 |
| Sales Price | N/A | N/A | $295,000 |
| List Price/Sq. Ft. | $184.62/sq. ft. | $151.29/sq. ft. | $169.46 |
| Sales Price/Sq. Ft | N/A | N/A | $166.51 |
| Sales Price/List Price Ratio | N/A | N/A | 97.1% |
Average Listing and Sales Statistics as of 10/31/2010
| On Market | Pending Sales | Closed Sales | |
| House Size | 1,998 sq. ft. | 2,120 sq. ft. | 1,973 sq. ft. |
| Days on Market | 114 days | 68 days | 57 days |
| List Price | $359,415 | $315,450 | $333,198 |
| Sales Price | N/A | N/A | $322,643 |
| List Price/Sq. Ft. | $184.40/sq. ft. | $153.77/sq. ft. | $171.29/sq. ft. |
| Sales Price/Sq. Ft | N/A | N/A | $166.30/sq. ft. |
| Sales Price/List Price Ratio | N/A | N/A | 97.05% |
Stop by next month to see if the sales momentum continues for single family homes in Rocky Hill CT!
Maria Hagan
Hartford CT Real Estate Agent
East Hartford CT Real Estate Agent
Wethersfield CT Real Estate Agent
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Homes for Sale in Greater Hartford CT
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