Real Estate Market Statistics for Cheshire CT for September 2021

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

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

 

Currently in Cheshire CT there are 37 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 $1,350,000. The average list price of the homes currently available for sale in Cheshire CT is $577,630. The average days on market for these homes is 76 days. For the month of September, there were 8 new homes listed for sale in Cheshire CT. 

 Real Estate Market Statistics for Cheshire CT for September 2021

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There are currently 83 homes under contract in Cheshire CT, 29 of which went under contract in September. The average list price for the homes under contract is $533,762 with average days on market of 49 days. 

 Real Estate Market Statistics for Cheshire CT for September 2021

In September 2021, 33 homes closed in Cheshire CT. They ranged from a 904 sq ft, 3-bedroom bungalow which sold for $92,000 to a 3,802 sq ft 3-bedroom, tudor which sold for $962,500.  Average sales price of the homes that sold was $442,012. Average DOM of 35 days. The closed properties had a Sales price to List price ratio of 102%.

 

By comparison, there were 44 closings in Cheshire CT for the month of September 2020, with an average price of $381,510 and avg. days on market of 56. This would indicate that in September 2021, the number of homes sold was 11 less than the comparable dates in 2020, and the average value of the homes was almost 14% 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 September 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. 

 

Cheshire CT Homes for sale

Real Estate Market Statistics for Cheshire CT for September 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 (8)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - those fluctuations show the importance of Cheshire homeowners to call Ed Silva to get their home priced right and sold.

Oct 17, 2021 03:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... everytime I see your post headline about Cheshire, the first image that comes to my mind is a grinning Cheshire cat. Cheshire is certainly experiencing a market that needs a professional to guide both buyers and sellers... and I have no doubt you can do it as well as anyone!

Oct 17, 2021 04:57 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You do such a great job of keeping everyone updated with regard to what is going on in Cheshire!

Oct 17, 2021 05:12 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, great market update for Cheshire, and wish you could find a 4 bedroom home here for $215,000.

Oct 17, 2021 06:26 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it was only a matter of time for the lack of inventory started to impact the sales numbers.

Oct 17, 2021 11:44 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I feel like water finally coming back I don't know.. it is a good  think and I wish the other people could get only a clin

 

Oct 17, 2021 10:48 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Oct 20, 2021 01:47 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Ed,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

Nov 01, 2021 09:15 PM