April 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 April 2021 

 April 2021 Real Estate Sales Report for Southington CT

 

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Currently in Southington CT there are 45 active residential listings for sale, with 8 new listings being added in April 2021. The homes for sale in Southington CT range from a 924 square ft, 2-bedroom mobile home listed at $139,900 to a 1,807 square ft, 3-bedroom, ranch listed at $1,750,000.

 

The average list price of the homes currently available for sale in Southington CT is $395,717. The average days on market for these homes are 35 days. In addition, there are currently 95 homes under contract in Southington CT, with 24 having gone under contract in April. 

April 2021 Real Estate Sales Report for Southington CT  

In April 2021, 55 homes closed in Southington CT. They ranged from a 805 square ft, 2-bedroom mobile home, which sold for $60,000 to a 2,828 square ft, 4-bedroom colonial which sold for $685,000. The average price for the homes that closed in April in Southington CT was $367,102 with an average days on market of 39 days.  The closed properties had a Sales price to List price ratio of 102%.

 

By comparison, there were 45 closings in Southington CT for the month of April 2020, with an average sales price of $314,606 and avg. days on market of 82. This indicates that for April of 2021, there were 10 more homes sold than in April 2020, at an average price almost 20% 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 less than a 1 month absorption rate, which is a strong seller's market. The Southington CT real estate market is definitely a very active sellers market.

 

 April 2021 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

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April 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 (8)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... I continue to be surprised by how affordable many of your towns are... not generally what one thinks of when one thinks of Connecticut.

May 26, 2021 05:28 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Ed,

Great numbers for April for sure.  Enjoy your Hump Day, and thanks again for posting.  Bill Salvatore 

May 26, 2021 05:47 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, great market update for Southington, CT, and like Nina, surprised you are so affordable.

May 26, 2021 06:46 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed and thanks for sharing this market report with us here in the Rain.  Sure your buyers and sellers in the area love it also.

 

May 26, 2021 08:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed those are excellent numbers.  Southington is a great town to purchase a house in.

May 26, 2021 11:55 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

That's a really nice area of Connecticut is doing really well from what I hear

May 26, 2021 10:59 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - that 1,807 square ft ranch must really be something special.

May 27, 2021 03:50 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

There are some great-looking homes in Southington and anyone interested should be giving you a call.

May 27, 2021 06:06 AM