January 2021 Real Estate Sales Report for Southington CT

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

Market Statistics for Southington CT January 2021 

 

 January 2020 Real Estate Sales Report for Southington CT

 

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Currently in Southington CT there are 82 active residential listings for sale, with 35 new listings being added in January 2021. The homes for sale in Southington CT range from a 700 square ft, 2-bedroom mobile home listed at $58,900 to a 5,754 square ft, 5-bedroom, colonial listed at $725,000.

 

The average list price of the homes currently available for sale in Southington CT is $355,062. The average days on market for these homes are 101 days. In addition, there are currently 53 homes under contract in Southington CT, with 18 having gone under contract in January. 

 January 2020 Real Estate Sales Report for Southington CT 

In January 2021, 31 homes closed in Southington CT. They ranged from a 1,044 square ft, 3-bedroom cape, which sold for $188,500 to a 5,684 square ft, 4-bedroom colonial which sold for $781,000. The average price for the homes that closed in January in Southington CT was $391,559 with an average days on market of 46 days.  The closed properties had a Sales price to List price ratio of 101%.

 

By comparison, there were 27 closings in Southington CT for the month of January 2020, with an average sales price of $291,507 and avg. days on market of 72. This indicates that for January of 2021, there were 4 more homes sold than in January 2020, at an average price almost 25% greater than the same period in 2020 with less time on market.

 

For the year 2020, the market sales or absorption rate was 50 sales per month, with an average sales value of $318,427 and average days on market of 45.

With this rate and the current inventory, there would be a 1+ month absorption rate, which is a strong seller's market. The Southington CT real estate market is showing a positive improvement in values.

 

January 2020 Real Estate Sales Report for Southington CT 

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with modest if any gains from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to be demonstrating a shift to greater values.

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.

If you would like information on homes for sale in Southington 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 Southington CT. 

 Search for Homes in Southington CT 

January 2021 Real Estate Sales Report for Southington CT 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

 

Ed Silva  Mapleridge Realty, LLC,   203-206-0754

Comments (11)

Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Great report for Southington Ed!

Feb 18, 2021 05:37 AM
Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for keeping us up to date in your area.

Feb 18, 2021 05:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What I wouldn't give for a seller's market like yours in Southington!

Feb 18, 2021 06:04 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Ed Silva great market report on Southington. Looks like great values still to be had.

Feb 18, 2021 06:10 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

this is a great market report on Southington CT - send all of us some of those listings - a 3 month supply would be wonderful

Feb 18, 2021 06:13 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

I'm surprised to read about Southington's listings. ZSo many other areas have razor-thin inventory.

Feb 18, 2021 06:16 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Ed and thanks for the market report for your area.  Wish we had some of your deals!

 

Feb 18, 2021 08:45 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed I just notice the banner on the Southington Town Hall.  Great message!

Feb 18, 2021 02:36 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Southington home buyers and sellers are sure to value your real estate market report, Ed.

Feb 18, 2021 06:16 PM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Ed Silva Great information you have shared today! 

Feb 18, 2021 08:15 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I always love reading your market reports.  Looks like the market is hot and prices are strong!

Feb 20, 2021 07:48 AM

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