What’s Happening in The Prospect CT Real Estate Market Prospect January 2019?
Currently in Prospect CT there are 34 active residential listings for sale, with 11 new listings being added in January. The homes for sale in Prospect CT range from a 960 square ft, 2-bedroom mobile home, listed at $36,900 to a 4,533 square ft, 9-bedroom colonial listed at $535,000.
The average list price of the homes currently available for sale in Prospect CT is $297,000. The average days on market for these homes are 87 days. In addition, there are currently 11 homes under contract in Prospect CT.
In January, 3 homes closed in Prospect CT. The homes that sold in Prospect CT were a 1,040 square ft, 2-bedroom ranch, which sold for $200,000; a 1,296 square ft, 3-bedroom split-level which sold for $310,000; and a 2,600 sq ft colonial which sold for $459,900. The average value of the sold homes in Prospect CT in January 2019, was $323,300 with average days on market of 95 days.
By comparison, there were 8 closings in Prospect CT for the month of January 2018 with an average sales price of $268,574 and average days on market of 70. This would demonstrate that for Prospect CT in January 2019 the market sales were 5 less than the same period of 2018 and with an average sales value almost 16% greater than the same period the previous year.
For the year 2018, the market sales or absorption rate was 8 sales per month, with an average sales value of $256,593 and average days on market of 65.
The graph demonstrates the average monthly sales value in Prospect CT with strong fluctuations from month to month. The values in Prospect CT have demonstrated an inconsistent variation of prices showing little stabilization.
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.
Prospect CT January 2019 Real Estate Market Trends