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.
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.
There are currently 52 homes under contract in Cheshire CT, 16 of which went under contract in December.
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.
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.
Real Estate Market Statistics for Cheshire CT for December 2021