What’s My Wolcott CT Home’s Value January 2022
Currently in Wolcott CT there are 15 active residential listings for sale, with 5 new listings being added in January. The homes for sale in Wolcott CT range from a 988 square ft, 3-bedroom ranch listed at $198,000 to a 9,747 square ft, 6-bedroom colonial listed at $1,377,700.
The average list price of the homes currently available for sale in Wolcott CT is $354,723. The average days on market for these homes are 80 days. There are currently 39 homes under contract in Wolcott CT.
In January 2022, 14 homes closed in Wolcott CT. They ranged from an 595 square ft, 1-bedroom Bungalow, which sold for $123,000 to a 1,746 square ft, 3-bedroom ranch that sold for $450,000. The median price for the closed properties was $287,500 with median DOM of 36 days.
For a comparison, there were 17 closings in Wolcott CT for the month of January 2021, with an median price of $280,000 and med. days on market of 50. This shows that for January 2022, there were 3 less homes sold than in the same period the previous year, with a $7,000 average increase in value and less days on market.
For the year 2021, the absorption for Wolcott, CT was 23 sales per month. With this rate and the current inventory, there would be less than 1 month absorption rate, which is a strong sellers market. The Wolcott CT real estate market is showing a positive improvement in values.
The graph demonstrates the average monthly sales value in Wolcott CT with positive increase in values from month to month. 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.
January 2022 Real Estate Sales Report for Wolcott CT