Real Estate Market Statistics for Cheshire CT for June 2021

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

What’s My Cheshire CT Home Worth, Market Statistics for June 2021

 Real Estate Market Statistics for Cheshire CT 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.

 

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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. 

 Real Estate Market Statistics for Cheshire CT for June 2021

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.

 

 Real Estate Market Statistics for Cheshire CT for June 2021

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. 

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

 

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Real Estate Market Statistics for Cheshire CT for June 2021

 

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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 (10)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Ed and great market report to share with us here in the Rain today.  Make it a great day!

Jul 19, 2021 07:25 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - interesting the different DOM in many areas.  Your 77 is enough time for buyers to at least look.

Jul 19, 2021 09:05 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Jul 19, 2021 01:25 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed a 25% increase in the average price over last year is a huge increase.

Jul 19, 2021 04:01 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed Silva - Your market report on Cheshire CT is full of substantial information that your clients should appreciate.  But they should reach out to the expert for a more customized approach to their real estate needs. 

Jul 19, 2021 06:21 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning again, Ed... as always an excellent market report. Loved the look of that first home you pictured with the front porch. No doubt in my mind that anyone looking to buy or sell a home in Cheshire, CT should make their first call to you.

Jul 20, 2021 03:58 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

If I ever hear of anyone looking in Cheshire I am certainly referring them straight to Ed Silva 

Jul 20, 2021 05:24 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Ed- if I were a seller or buyer in Cheshire, CT I would definitely contact you for the up to date information on your area. 

Jul 20, 2021 09:41 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jul 20, 2021 11:46 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, always love reading your market updates to know what is happening in other areas!  

Jul 29, 2021 06:42 AM