What’s My Cheshire CT Home Worth, Market Statistics for June 2021
Currently in Cheshire CT there are 58 active residential listings for sale. They range from a 904 square ft, 3-bedroom bungalow listed at $124,900 to a 5,194 square ft, 4-bedroom colonial listed at $1,399,000. The average list price of the homes currently available for sale in Cheshire CT is $626,009. The average days on market for these homes is 77 days. For the month of June, there were 29 new homes listed for sale in Cheshire CT.
There are currently 66 homes under contract in Cheshire CT, 27 of which went under contract in June. The average list price for the homes under contract is $530,038 with average days on market of 57 days.
In June 2021, 30 homes closed in Cheshire CT. They ranged from a 1,366 sq ft, 3-bedroom ranch which sold for $262,000 to a 5,898 sq ft 5-bedroom, colonial which sold for $1,650,000. Average sales price of the homes that sold was $501,694. Average DOM of 29 days. The closed properties had a Sales price to List price ratio of 103%.
By comparison, there were 31 closings in Cheshire CT for the month of June 2020, with an average price of $377,366 and avg. days on market of 56. This would indicate that in June 2021, the number of homes sold was 2 less than the comparable dates in 2020, and the average value of the homes was almost 25% greater with less days on market. This is a very positive sign for sales in Cheshire CT with only slightly less than 2 months of inventory and even less if the very large dollar listings are excluded.
For the year 2020, the market sales or absorption rate was 28 sales per month, with an average sales value of $381,857 and average days on market of 56. This rate with the current inventory would be a 1+ month absorption rate.
The graph demonstrates the average monthly sales value in Cheshire CT with strong fluctuations from month to month. The sales appeared to demonstrate a gradual increase in prices over the last 6 months.
If you are interested in buying or selling a home in the Cheshire CT area send me an email or call 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 June 2021