What’s My Cheshire CT Home Worth, Market Statistics for January 2019
Currently in Cheshire CT there are 88 active residential listings for sale. They range from a 1,368 square ft, 3-bedroom ranch listed at $159,000 to a 5,178 square ft, 5-bedroom colonial listed at $1,100,000. The average list price of the homes currently available for sale in Cheshire CT is $494,569. The average days on market for these homes is 162 days. For the month of January, there were 16 new homes listed for sale in Cheshire CT.
There are currently 20 homes under contract in Cheshire CT, and 6 went under contract in January. The average list price for the homes under contract is $311,060 with average days on market of 97 days.
In January 2019, 11 homes closed in Cheshire CT. They ranged from a 2,566, 3-bedroom REO Colonial which sold for $115,000 to a 3,593 sq ft 4-bedroom, colonial which sold for $540,000. Average sales price of the homes that sold was $330,009. Average DOM of 83 days. The closed properties had a sales price to List price ratio of 98%.
By comparison, there were 19 closings in Cheshire CT for the month of January 2018, with an average price of $341,542 and avg. days on market of 110. This would indicate that in January 2019, the number of homes sold was less by 8 homes, and the average value of the homes was almost 5% less with less days on market.
For the year 2018, the market sales or absorption rate was 28 sales per month, with an average sales value of $345,022 and average days on market of 59. This rate with the current inventory would be a 31/2 month absorption rate. The current market is considered a strong seller's market.
The graph demonstrates the average monthly sales value in Cheshire CT with slight fluctuations from month to month. The sales appeared to demonstrate a gradual increase in prices.
If you are interested in buying or selling a home in the Cheshire CT area send me an email at firstname.lastname@example.org or call me at 203-206-0754 and we can set up a time to meet.
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.
Real Estate Market Statistics for Cheshire CT for January2019