Real Estate Market Statistics for Cheshire CT for December 2021

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

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

Cheshire is a town in New Haven County offering a high quality of life. It has a population of app 29,000. It offers an easy commute to New Haven CT of 14 miles; it borders Waterbury CT and is just 25 miles south of Hartford, the state capital.

 

Real Estate Market Statistics for Cheshire CT for December 2021

Currently in Cheshire CT there are 22 active residential listings for sale. They range from a 1,484 square ft, 3-bedroom ranch listed at $269,000

 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 $743,205. The average days on market for these homes is 122 days. For the month of December, there were 4 new homes listed for sale in Cheshire CT.

 

Search for Homes in Cheshire CT

There are currently 52 homes under contract in Cheshire CT, 16 of which went under contract in December. 

 Real Estate Market Statistics for Cheshire CT for December 2021

In December 2021, 31 homes closed in Cheshire CT. They ranged from a 1,176 sq ft, 4-bedroom cape which sold for $210,000 to a 4,078 sq ft 5-bedroom, cape which sold for $1,208,888.  Average sales price of the homes that sold was $490,998. Average DOM of 47 days.

 

By comparison, there were 24 closings in Cheshire CT for the month of December 2020, with an average price of $393,363 and avg. days on market of 41. This would indicate that in December 2021, the number of homes sold was the 7 greater than the comparable dates in 2020, and the average value of the homes was 20% greater with slightly longer days on market.  This is a very positive sign for sales in Cheshire CT with only slightly less than 1 month 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 less than a 1 month absorption rate.

 

 Real Estate Market Statistics for Cheshire CT for December 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 December 2021

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (16)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thanks for the post.  Have a great weekend. bill 

Jan 22, 2022 05:26 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Great market review for Cheshire Ed, and a nice average sales price for this New Haven County neighborhood.

Jan 22, 2022 05:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... it would seem to me that 30% of inventory going under contract in the month of December is a good performance for Cheshire and shows the demand for homes in this town.

Jan 22, 2022 05:48 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Saturday morning, Ed.

Have a great day and a very special weekend.

Jan 22, 2022 06:20 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 CT, and love homes with dormers.  We don't see many here.

Jan 22, 2022 06:47 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

The median value of homes the six months prior to December were pretty stable fluctuating right around $600,000 in Elk Grove.  December prices jumped to about $624,000.  I am wondering if it is a one time blip or a sign of things to come.  Thank you for your market update!  It looks like your market is doing well too.

Jan 22, 2022 07:06 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Good morning Ed, Great information here. Thank you for sharing!

Jan 22, 2022 07:13 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Ed - looks like a very healthy market in Cheshire and it is conveniently located for commuting.

Jan 22, 2022 07:15 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Ed and thanks for sharing your market report with us here in the Rain.  Hope you have a great day, I am going to watch both football games.

Jan 22, 2022 08:18 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 22, 2022 09:13 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Hi  Ed,

Nice report that tells it like it is in Cheshire, CT.  This information is very useful to potential buyers and sellers, and they should call you.  A

Jan 22, 2022 01:00 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed WOW almost an $88,000 dollar increase in the average sales price.  That is a huge increase in equity.

Jan 22, 2022 01:18 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Ed- than you for another excellent market report on Cheshire CT for the month of December. This is the kind of information that buyers and sellers are looking for. 

Jan 22, 2022 01:29 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Ed Silva - Your comprehensive marking report will be a shining light to prospective buyers and sellers. Thanks for all you do. 

Jan 23, 2022 04:58 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I like the look of the homes in Cheshire and you do such a great job of keeping everyone updated on what is going on there.

Jan 23, 2022 05:12 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday afternoon, Ed. Have a great day and an outstanding week.

Jan 23, 2022 09:44 AM