What’s My Wolcott CT Home’s Value April 2022
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 16 active residential listings for sale, with 8 new listings being added in April. The homes for sale in Wolcott CT range from a 988 square ft, 3-bedroom ranch listed at $188,100 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 $537,729. The average days on market for these homes are 56 days. There are currently 44 homes under contract in Wolcott CT.
In April 2022, 10 homes closed in Wolcott CT. They ranged from an 1,297 square ft, 2-bedroom ranch, which sold for $220,000 to a 3,679 square ft, 4-bedroom colonial that sold for $575,000. The average price for the closed properties was $305,618 with average DOM of 57 days.
For a comparison, there were 21 closings in Wolcott CT for the month of April 2021, with an average price of $266,867 and average days on market of 65. This shows that for April 2022, there was 11 less homes sold than in the same period the previous year, with a 13 average increase in value and less days on market. The drop off in number of sales could be directly attributed to too little inventory.
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 seller's. 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.
April 2022 Real Estate Sales Report for Wolcott CT