What’s My Wolcott CT Home’s Value August 2021
Currently in Wolcott CT there are 36 active residential listings for sale, with 10 new listings being added in August. The homes for sale in Wolcott CT range from a 805 square ft, 2-bedroom cape ranch listed at $150,000 to a 9,747 square ft, 6-bedroom colonial listed at $1,399,000.
The average list price of the homes currently available for sale in Wolcott CT is $382,506. The average days on market for these homes are 50 days. There are currently 65 homes under contract in Wolcott CT.
In August 2021, 32 homes closed in Wolcott CT. They ranged from an 1.012 square ft, 3-bedroom ranch, which sold for $205,000 to a 2,746 square ft, 3-bedroom colonial that sold for $560,000. The average price for the closed properties was $324,788 with average DOM of 35 days.
For a comparison, there were 32 closings in Wolcott CT for the month of August 2020, with an average price of $278,747 and avg. days on market of 65. This shows that for August 2020, there were the same number of homes sold than in the same period the previous year, with a 14% average increase in value and less days on market.
For the year 2020, the absorption for Wolcott, CT was 22 sales per month. With this rate and the current inventory, there would be a 1+ month absorption rate, which is a strong seller's market. The Wolcott CT real estate market is showing a positive improvement in values.
The graph demonstrates the average monthly sales value in Wolcott CT with positive increase in values from month to month, with the exception of an unusual dip for August . The values in Wolcott CT are showing some signs of strong increase in values over the previous year.
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.
August 2021 Real Estate Sales Report for Wolcott CT