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What’s My Naugatuck CT Home Worth in January 2015

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Naugatuck CT Real Estate Statistics for January 2015 

 

 What’s My Naugatuck CT Home Worth in January 2015

 

Search for Homes in Naugatuck CT

Currently in Naugatuck CT there are 182 active residential listings for sale, with 23 new listings being added in January. The homes for sale in Naugatuck CT range from a 1,496 square ft, 3-bedroom REO colonial, listed at $32,500 to a 15,188 square ft, 9-bedroom, English  Manor colonial listed at $749,000.

 

The average list price of the homes currently available for sale in Naugatuck CT is $181,659. The average days on market for these homes are 164 days. In addition, there are currently 18 homes under contract in Naugatuck CT, with 7 having going under contract in January. 

 

What’s My Naugatuck CT Home Worth in January 2015

In January, 12 homes closed in Naugatuck CT. They ranged from a 720 square ft, 2-bedroom mobile home, which sold for $35,000 to a 2,000 square ft, 3-bedroom, new construction colonial which sold for $325,000. The average price for the homes that closed in January in Naugatuck CT was $160,142 with average days on market of 154 days.  The closed properties had a Sales price to List price ratio of 96%.

 

By comparison, there were 14 closings in Naugatuck CT for the month of January 2014, with an average sales price of $131,951 and avg. days on market of 84. This indicates that for January of 2015, there were 2 less homes sold the than in January 2014, and at an average price almost 30%  more with longer days on market, which would demonstrate an decreased market for units sold only with longer days on market.

 

For the year 2014, the market sales or absorption rate was 20 sales per month, with an average sales value of $150,207 and average days on market of 94. Using the 2014 absorption rate, the current inventory of homes is equivalent to a 9+ month inventory. The current market is still considered a buyer’s market. 

 

 Naugatuck CT Market Trends Jan 2015 

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 trying to stabilize but are not there as yet. 

 

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 evaluating your home for possible 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.

 

 

 

 Naugatuck CT Homes for Sale

 

What’s My Naugatuck CT Home Worth in January 2015 

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (4)

Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Ed, nice market report. A 15,188 sf house? Yikes.... 

Anyway, best bet for any seller in your neck of the woods is to give you a call. The market requires an expert driving the bus, and that would be you!

Feb 26, 2015 05:11 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Ed, The average list price in Naugatuck is quite affordable and DOM is pretty quick. Hope you are getting your fair share of these sales!

Feb 26, 2015 05:27 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Ed, that's great news for sellers seeing the average sales price going up even if the DOM is a little longer. Looks like the Naugatuck CT area is getting some traction.

Feb 27, 2015 06:00 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Ed, you know the Naugatuck CT area well and your report shows it...sellers need to call you for the right agent!

Feb 27, 2015 10:28 AM