Market Statistics for Southington CT April 2021
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.
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.
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.
April 2021 Real Estate Sales Report for Southington CT