What’s My Cheshire CT Home Worth, Market Statistics for March 2019
Currently in Cheshire CT there are 141 active residential listings for sale. They range from a 1,120 square ft, 3-bedroom ranch listed at $100,000 to a 3,500 square ft, 4-bedroom colonial listed at $1,100,000. The average list price of the homes currently available for sale in Cheshire CT is $442,093. The average days on market for these homes is 141 days. For the month of March, there were 30 new homes listed for sale in Cheshire CT.
There are currently 19 homes under contract in Cheshire CT, and 11 went under contract in March. The average list price for the homes under contract is $447,279 with average days on market of 65 days.
In March 2019, 17 homes closed in Cheshire CT. They ranged from a 1,400, 3-bedroom short sale ranch which sold for $171,000 to a 2,888 sq ft 4-bedroom, colonial which sold for $430,000. Average sales price of the homes that sold was $317,000. Average DOM of 78 days. The closed properties had a sales price to List price ratio of 96%.
By comparison, there were 24 closings in Cheshire CT for the month of March 2018, with an average price of $353,306 and avg. days on market of 56. This would indicate that in March 2019, the number of homes sold was less by 7 homes, and the average value of the homes was almost 12% less with longer days on market.
For the first quarter of 2019, the market sales or absorption rate for Cheshire CT was 15 sales per month, with an average sales value of $337,191 and average days on market of 81. Using this average rate, the current inventory of home would be a 9 month inventory or a buyer'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 softening in prices.
If you are interested in buying or selling a home in the Cheshire CT area send me an email at email@example.com 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 March 2019