Market Statistics for Southington CT September 2021
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Currently in Southington CT there are 36 active residential listings for sale, with 11 new listings being added in September 2021. The homes for sale in Southington CT range from a 1,056 square ft, 2-bedroom mobile home listed at $63,000 to a 1,807 square ft, 3-bedroom, ranch listed at $1,650,000.
The average list price of the homes currently available for sale in Southington CT is $378,506. The average days on market for these homes are 53 days. In addition, there are currently 32 homes under contingency contract and 57 homes under hard deposit.
In September 2021, 63 homes closed in Southington CT. They ranged from a 792 square ft, 2-bedroom mobile home, which sold for $66,000 to a 3,082 square ft, 3-bedroom contemporary which sold for $540,000. The average price for the homes that closed in September in Southington CT was $341,415 with average days on market of 24 days. The closed properties had a Sales price to List price ratio of 100%.
By comparison, there were 62 closings in Southington CT for the month of September 2020, with an average sales price of $306,318 and avg. days on market of 38. This indicates that for September of 2021, there was 1 more home sold than in September 2020, at an average price almost 10% greater than the same period in 2020 with less time on market.
For the year 2020, the market sales or absorption rate was 50 sales per month, with an average sales value of $318,427 and average days on market of 45.
With this rate and the current inventory, there would be less than a 1 month absorption rate, which is a strong seller's market. The Southington CT real estate market is definitely a very active sellers market.
The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with modest if any gains from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to be maintaining strong price appreciation.
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 Southington 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 Southington CT.
September 2021 Real Estate Sales Report for Southington CT
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