Real Estate Market Statistics for Cheshire CT for August 2021

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

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

 Real Estate Market Statistics for Cheshire CT for August 2021

Currently in Cheshire CT there are 49 active residential listings for sale. They range from a 1,176 square ft, 4-bedroom cape listed at $215,000

 to a 5,025 square ft, 4-bedroom colonial listed at $1,395,000. The average list price of the homes currently available for sale in Cheshire CT is $575,029. The average days on market for these homes is 84 days. For the month of August, there were 16 new homes listed for sale in Cheshire CT. 

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There are currently 85 homes under contract in Cheshire CT, 26 of which went under contract in August. The average list price for the homes under contract is $522,024 with average days on market of 51 days. 

 Real Estate Market Statistics for Cheshire CT for August 2021

In August 2021, 23 homes closed in Cheshire CT. They ranged from a 1,210 sq ft, 2-bedroom ranch which sold for $272,000 to a 4,769 sq ft 4-bedroom, colonial which sold for $920,000.  Average sales price of the homes that sold was $478,065. Average DOM of 40 days. The closed properties had a Sales price to List price ratio of 102%.

 

By comparison, there were 33 closings in Cheshire CT for the month of August 2020, with an average price of $380,444 and avg. days on market of 47. This would indicate that in August 2021, the number of homes sold was 10 less than the comparable dates in 2020, and the average value of the homes was almost 21% 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 August 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 fluctuations 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 August 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 (13)

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

Good Morning Ed and thanks for your market report for the Cheshire area.  Interesting figures for 2021 and 2020.  Make it a great day!

 

Sep 17, 2021 08:36 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Ed Silva, with a high price range, there's a home for every budget in Cheshire CT, buyers and sellers would benefit from contacting you. 

Sep 17, 2021 08:48 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - I see those fluctuations in the graph although nothing major.

Sep 17, 2021 10:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... less than two months of inventory is a serious seller's market. No wonder your home prices in Cheshire have increased.

Sep 17, 2021 11:45 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed:

Looks like a busy and competitive housing market in Cheshire, with more homes pending than available. Nice to see a broad price range for listings giving buyers some options.

Have a great weekend!

Jeff

Sep 17, 2021 12:57 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed low inventory most likely is the reason for less sales, but those average price numbers keep on going up and up.

Sep 17, 2021 02:27 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I think it'll be interesting to see what the next six months look like and hoping for the very best outcome! ;

Sep 17, 2021 11:14 PM
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.

Sep 18, 2021 01:35 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Ed, Thank you for sharing this real estate market report.  Buyers and sellers in your area will benefit from this report.  Wishing you continued success.

Sep 18, 2021 02:06 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I like the look of Cheshire Town Hall and certainly, when it comes to real estate in Cheshire, you are the man to call.

Sep 18, 2021 05:19 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Saturday morning, Ed.

Take care, be safe and have an outstanding weekend.

Sep 18, 2021 08:12 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I'm interested to see October when this is all said and done. I actually have a lot of hope

Sep 18, 2021 09:44 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, the market in Cheshire Ct is definitely not waining and has a healthy sales price.  Great report.

Sep 19, 2021 05:11 AM