December 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 December 2021

 

Southington CT is a town in Hartford County with a population of app 50,000. It is app 20 miles from Hartford CT with a relatively easy commute.  Town government is a Town Council which appoints a Town Manager.  It is a mix of residential, commercial and industrial properties and businesses.  It also has a highly accredited school system with 8 elementary schools, 2 middle schools and 1 high school.

 

 December 2021 Real Estate Sales Report for Southington CT

 

Search for Homes in Southington CT

 

Currently in Southington CT there are 24 active residential listings for sale, with 5 new listings being added in December 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 $326,921. The average days on market for these homes are 47 days. In addition, there are currently 19 homes under contingency contract and 50 homes under hard deposit. 

December 2021 Real Estate Sales Report for Southington CT 

In December 2021, 45 homes closed in Southington CT. They ranged from a 924 square ft, 2-bedroom mobile home, which sold for $75,000 to a 3,369 square ft, 4-bedroom colonial which sold for $715,000. The average price for the homes that closed in December in Southington CT was $368,498 with  average days on market of 31 days.  The closed properties had a Sales price to List price ratio of 101%.

 

By comparison, there were 46 closings in Southington CT for the month of December 2020, with an average sales price of $346,142 and avg. days on market of 35. This indicates that for December of 2021, there was 1 less home sold than in December 2020, at an average price almost 6% 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 seller's market but still strong fluctuations from month to month. 

 December 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

December 2021 Real Estate Sales Report for Southington CT

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (10)

Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for your market update.  We also have a strong seller's market here on the other side of the county in Elk Grove. 

Jan 23, 2022 03:10 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed a $22,000 increase in the average sales price is a very nice increase for Sellers.

Jan 23, 2022 03:27 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

WOW, you sure know your market.

Jan 23, 2022 03:33 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Ed- thank you for this very thorough market report for Southington CT!!!

Jan 23, 2022 04:05 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Southington sounds like a wonderful place to call home and you do a really good job of keeping everyone informed as to what is going on in the market there.

Jan 24, 2022 04:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... Southington sounds likes it's still a home seller's market to me!

Jan 24, 2022 05:29 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Monday morning, Ed.

Have a great day and a very productive week.

Jan 24, 2022 07:24 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 Southington CT, and days on market are pretty low.

Jan 24, 2022 07:48 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 24, 2022 05:23 PM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

Great market report for Southington Connecticut. 

Jan 26, 2022 07:20 AM