What’s My Cheshire CT Home Worth, Market Statistics for May 2022
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 51 active residential listings for sale. They range from a 1,721 square ft, 3-bedroom ranch listed at $174,900
to a 4,240 square ft, 5-bedroom new colonial listed at $1,600,000. The average list price of the homes currently available for sale in Cheshire CT is $706,200. The average days on market for these homes is 74 days. For the month of May, there were 21 new homes listed for sale in Cheshire CT.
Search for Homes in Cheshire CT
There are currently 88 homes under contract in Cheshire CT, 37 of which went under contract in May.
In May 2022, 27 homes closed in Cheshire CT. They ranged from a 1,272 sq ft, 3-bedroom ranch which sold for $270,000 to a 2,81 sq ft 4-bedroom, colonial which sold for $974,129. Average sales price of the homes that sold was $554,359. Average DOM of 39 days.
By comparison, there were 33 closings in Cheshire CT for the month of May 2021, with an average price of $427,600 and avg. days on market of 60. This would indicate that in May 2022, the number of homes sold was 6 less than the comparable period in 2021, and the average value of the homes was almost 23% greater with less days on market.
For the year 2021, the market sales or absorption rate was 28 sales per month, with an average sales value of $463,293 and average days on market of 39. This rate with the current inventory would be more than a 1 month absorption rate. This can be attributed to higher valued listings which tend to stay longer on market.
The graph demonstrates the average monthly sales value in Cheshire CT with strong fluctuations from month to month. The sales appeared to demonstrate 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.
Real Estate Market Statistics for Cheshire CT for May 2022
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