What’s My Cheshire CT Home Worth, Market Statistics for July 2021
Currently in Cheshire CT there are 54 active residential listings for sale. They range from a 1,176 square ft, 4-bedroom cape listed at $224,500 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 $603,757. The average days on market for these homes is 84 days. For the month of July, there were 13 new homes listed for sale in Cheshire CT.
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There are currently 73 homes under contract in Cheshire CT, 29 of which went under contract in July. The average list price for the homes under contract is $534,116 with average days on market of 52 days.
In July 2021, 34 homes closed in Cheshire CT. They ranged from a 1,080 sq ft, 3-bedroom ranch which sold for $213,750 to a 3,050 sq ft 4-bedroom, colonial which sold for $939,019. Average sales price of the homes that sold was $489,749. Average DOM of 27 days. The closed properties had a Sales price to List price ratio of 101%.
By comparison, there were 26 closings in Cheshire CT for the month of July 2020, with an average price of $395,111 and avg. days on market of 46. This would indicate that in July 2021, the number of homes sold was 8 more than the comparable dates in 2020, and the average value of the homes was almost 19% 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.
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.
Real Estate Market Statistics for Cheshire CT for July 2021
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