December 2021 Real Estate Sales Report for Wolcott CT
What’s My Wolcott CT Home’s Value December 2021
Wolcott CT is a town bordered by Bristol and Southington in Hartford county, and Waterbury in New Haven county. It is primarily a suburban town located 80 miles from New York City with a commute of 20 miles to Hartford and 30 miles to New Haven. Only slightly greater than 50% of the towns land is developed as residential housing and commercial, light industrial businesses.
Currently in Wolcott CT there are 28 active residential listings for sale, with 3 new listings being added in December. The homes for sale in Wolcott CT range from a 816 square ft, 1-bedroom ranch listed at $189,900 to a 3,221 square ft, 5-bedroom colonial listed at $1,000,000.
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The average list price of the homes currently available for sale in Wolcott CT is $363,557. The average days on market for these homes are 68 days. There are currently 16 homes under pending status and 20 under hard contract in Wolcott CT.
In December 2021, 26 homes closed in Wolcott CT. They ranged from an 805 square ft, 2-bedroom ranch, which sold for $125,000 to a 3,043 square ft, 4-bedroom contemporary that sold for $526,500. The median price for the closed properties was $294,500 with median DOM of 61 days.
For a comparison, there were 23 closings in Wolcott CT for the month of December 2020, with a median sales price of $280,000 and median days on market of 32. This shows that for December 2021, there were the 3 more homes sold than in the same period the previous year, with a 4% average increase in value but longer 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 strong seller's market.
The graph demonstrates the median monthly sales value in Wolcott CT with positive increase in values from month to month, with the exception of an unusual dip for December. 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.
If you would like information on homes for sale in Wolcott 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 Wolcott CT.
December 2021 Real Estate Sales Report for Wolcott CT
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