Prospect CT April 2021 Real Estate Market Trends

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

Prospect CT April 2021 Real Estate Market Trends

 

What’s Happening in The Prospect CT Real Estate Market Prospect April 2021?  

 

 Prospect CT April 2021 Real Estate Market Trends

Search for homes in Prospect CT

Currently in Prospect CT there are 24 active residential listings for sale, with 9 new listings added in April. The homes for sale in Prospect CT range from a 1,176 square ft, 3-bedroom ranch, listed at $220,000 to a 2,468 square ft, 3-bedroom cape listed at $589,000. 

The average list price of the homes currently available for sale in Prospect CT is $361,267. The average days on market for these homes are 75 days. In addition, there are currently 7 homes under hard deposit in Prospect CT.

 

 Prospect CT April 2021 Real Estate Market Trends

In April, 7 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 982 square ft, 2-bedroom mobile home, which sold for $82,900 to a 2,280 square ft, 4-bedroom colonial which sold for $425,000. The average value of the sold homes in Prospect CT in April 2021 was $294,483 with average days on market of 52 days.

By comparison, there were 4 closings in Prospect CT for the month of April 2020 with an average closing sales price of $284,000 and average days on market of 108. This would demonstrate that for Prospect CT in April of 2021, the market sales were 3 more than the same period of 2020 and with an average sales value almost $10,000 greater than the same period the previous year.

 

For the year 2020, the market sales or absorption rate was almost 10 sales per month, with an average sales value of $272,069 and average days on market of 58. 

This demonstrates that while the average sales value stayed almost the same, the number of homes sold per month increased by a factor of 4 times. With this absorption rate the current inventory equates to less than a 2 month inventory which is a strong sellers market.

Prospect CT April 2021 Real Estate Market Trends 

The graph demonstrates the average monthly sales value in Prospect CT with strong gains from month to month highly representative of the concerns created by the lower interest rates and for people seeking to have more space around them. The values in Prospect CT have demonstrated an appreciation in value over the second half of the year.

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 Prospect 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 Prospect CT.

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Prospect CT April 2021 Real Estate Market Trends

 

 

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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 (16)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, very nice market update for Prospect CT, and wish our homes were on the market longer!  

May 10, 2021 06:30 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - interesting information as yours is also a sellers market although days on the market is not a low as some areas.

May 10, 2021 06:53 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

Ed, Owners will be glad to learn that it is a sellers market in Prospect CT. With inventory low, they need to call you and get listed!

May 10, 2021 07:27 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

May 10, 2021 07:36 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Ed Silva great market report for what is happening in Prospect

May 10, 2021 07:55 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva  Great market report for April in Prospect CT, Sellers would be wise to call you for a FREE market Value of their Home 

May 10, 2021 09:10 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Ed and great market report for us here in the Rain and also your Buyers and Sellers in your area.

 

May 10, 2021 09:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it seems every offer lately is over asking price, and I do not see that ending anytime soon.

May 10, 2021 02:02 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Joan Cox  Homes don't stay long on market except for those that are just not worth what's being asked, and there are some of those as well.

 

Grant Schneider   It's a sellers market and there are some homes that do go back on market within days of the initial contract. I have been keeping show listings as active as some do come back 

May 10, 2021 04:03 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  Like so many areas of the country inventory is very low so anyone that wants to sell will be well rewarded.

 

Roy Kelley   Thnak you and thanks for stopping.

May 10, 2021 04:09 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Rocky Dickerson    Thank you, it's a small town but a great community for families.

 

Hannah Williams   Thanks, You would think people would be anxious to get a free report.

May 10, 2021 04:11 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Will Hamm   And thanks for stopping.

 

George Souto   Everything is over asking, although I just had a buyer get a contract at asking

May 10, 2021 04:13 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

May 10, 2021 07:49 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Myrl Jeffcoat,  Thank you some do and call for more help

May 11, 2021 03:40 AM
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Good morning Ed. Thanks for sharing your local market. I hope you get to sell some of those active homes. have a great day!

May 11, 2021 09:26 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Pricing a property to sell is so important, though some want to 'test' the market. You still have some affordable homes in your area Ed Silva.

May 11, 2021 04:18 PM