Prospect CT September 2021 Real Estate Market Trends

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

What Happened in The Prospect CT Real Estate Market Prospect September 2021?  

 

 Prospect CT September 2021 Real Estate Market Trends

Search for homes in Prospect CT

Currently in Prospect CT there are 29 active residential listings for sale, with 7 new listings added in September. The homes for sale in Prospect CT range from a 808 square ft, 2-bedroom cape, listed at $119,900 to a 3,592 square ft, 4-bedroom new construction colonial listed at $849,900. 

The average list price of the homes currently available for sale in Prospect CT is $389,166. The average days on market for these homes are 77 days. In addition, there are currently 8 homes in show status and 15 homes under hard deposit in Prospect CT. 

 Prospect CT September 2021 Real Estate Market Trends

In September, 5 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 1,252 square ft, 2-bedroom ranch, which sold for $219,000 to a 2,240 square ft, 4-bedroom bi-level which sold for $429,000. The average value of the sold homes in Prospect CT in September 2021 was $344,400 with average days on market of 59 days.

By comparison, there were 12 closings in Prospect CT for the month of September 2020 with an average closing sales price of $251,875 and average days on market of 61. This would demonstrate that for Prospect CT in September of 2021, the market sales were 7 less units sold as the previous period of 2020 and with an average sales value almost 27% greater than the same period the previous year.  This shows an increase  in values but a decline in number of sales for the same period a year later. This is mostly attributed to a lack of inventory

 

For the year 2020, the market sales or absorption rate was almost 10 sales per month, with an average sales value of $272,069 and average days on market of 58. 

With this absorption rate the current inventory equates to slightly less than a 3 month inventory.  While this is still a seller's market, the trend seems to have reversed.

 Prospect CT September 2021 Real Estate Market Trends

The graph demonstrates the average monthly sales value in Prospect CT with strong gains from month to month highly representative of the concerns created by the lower interest rates and for people seeking to have more space around them. The values in Prospect CT have demonstrated an appreciation in value over the second half of the year, except for the decline in September.

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 Prospect 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 Prospect CT.

 Prospect CT Homes for sale

Prospect CT September 2021 Real Estate Market Trends

 

 

Posted by

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with a Short Sale in Connecticut

 

    www.ctshortsalesilva.com

 

 

 

 

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 (11)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

It appears with yiur report, market is continueing strong.  It Monday, the weekend is in the rear window,  Have a productive week, and thanks again for the post.  Bill Salvatore

Oct 25, 2021 05:57 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 Prospect CT, and looking like the area is still strong.

Oct 25, 2021 06:03 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Ed,

Nice report on the Prospect, Connecticut Market for the month of September.  Wishing you a wonderful Monday.  A

Oct 25, 2021 06:20 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - as always very useful market report and the fluctuations are why sellers need to talk to you for their own market valuation.

Oct 25, 2021 07:49 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed and thanks for sharing this market report with us here in the Rain.  Make it a great day!

 

Oct 25, 2021 09:42 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed that is a big difference in the number of homes sold this year versus last year in Prospect.

Oct 25, 2021 01:33 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Oct 25, 2021 07:16 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Take care, be safe and have a great day.

Oct 26, 2021 05:17 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The only one to call in Prospect for your real estate needs is Ed Silva he will always make sure you receive the service you deserve!

Oct 26, 2021 05:21 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed Silva - Prospect CT is showing a lot of great value in the home prices.  But it takes a great agent like you to help your clients find their dream home. 

Oct 26, 2021 01:53 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Connecticut did you say beautiful spots that most of would give our left armsfor

Oct 27, 2021 11:38 PM