October 2021 Real Estate Sales Report for Southington CT

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

Market Statistics for Southington CT October 2021

 

 

 October 2021 Real Estate Sales Report for Southington CT

 

Search for Homes in Southington CT

 

Currently in Southington CT there are 30 active residential listings for sale, with 3 new listings being added in October 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 $439,707. The average days on market for these homes are 47 days. In addition, there are currently 34 homes under contingency contract and 57 homes under hard deposit. 

October 2021 Real Estate Sales Report for Southington CT  

In October 2021, 45 homes closed in Southington CT. They ranged from a 858 square ft, 2-bedroom mobile home, which sold for $60,000 to a 2,933 square ft, 4-bedroom colonial which sold for $565,000. The average price for the homes that closed in October in Southington CT was $328,839 with  average days on market of 27 days.  The closed properties had a Sales price to List price ratio of 101%.

 

By comparison, there were 58 closings in Southington CT for the month of October 2020, with an average sales price of $337,552 and avg. days on market of 42. This indicates that for October of 2021, there was 13 less homes sold than in October 2020, at an average price almost the same as 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 but still strong fluctuations from month to month.

 October 2021 Real Estate Sales Report for Southington CT 

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

Southington CT Homes for sale 

October 2021 Real Estate Sales Report for Southington CT

 

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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 (11)

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

Good morning Ed - solid market stability in Southington CT.  Sellers and buyers should know you are the most knowledgable agent.

Nov 26, 2021 05:51 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Thank you for the post.  Enjoy your Holiday weekend. bill 

Nov 26, 2021 06:25 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Friday morning, Ed.

Take care, be safe and have an outstanding weekend.

Nov 26, 2021 06:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... like you, I'm finishing up my own October market reports. We continue to see low inventory and higher home prices. I'm anxious to see the November numbers.

Nov 26, 2021 07:05 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ed,

Happy to hear you have some market stability in your area. Wishing you a wonderful weekend. A

Nov 26, 2021 07:39 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, thanks for sharing this market update for Southington, CT and hope buyers and sellers know to give you a call when they are ready to move.

Nov 26, 2021 02:05 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed this is the first market report I have seen that the average price is lower than the year before.

Nov 26, 2021 02:23 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Grant Schneider   Thank you  The town offers a lot and still maintians a sense of rural.

Bill Salvatore - YVP Blog   Thanks and enjoy your weekend as well.

Nov 27, 2021 01:00 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Roy Kelley   Same to you and thanks for stopping

 

Nina Hollander, Broker   The numbers are slowing some and I believe November will be slightly lower

Nov 27, 2021 01:01 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Ron and Alexandra Seigel   A we have some stability but still very little in inventory for buyers in the lower numbers.

Joan Cox   Thank you we do get buyers looking for assistance

Nov 27, 2021 01:03 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George Souto   It was an interesting month for sure but last year at this time there were some very high sales values in homes

Nov 27, 2021 01:04 PM