What’s My Wolcott CT Home’s Value February 20231
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 8 active residential listings for sale. The homes for sale in Wolcott CT range from a 905 square ft, 3-bedroom cape listed at $299,900 to a 8,947 square ft, 6-bedroom colonial listed at $1,150,000.
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The average list price of the homes currently available for sale in Wolcott CT is $579,325. The average days on market for these homes are 84 days. There are currently 12 homes under pending status and 17 under hard contract in Wolcott CT.
In February 2023, 13 homes closed in Wolcott CT. They ranged from an 2,100 square ft, 5-bedroom, high ranch, which sold for $135,000 to a 2,433 square ft, 3-bedroom cape that sold for $655,000. The median price for the closed properties was $275,000 with median DOM of 36 days.
For a comparison, there were 14 closings in Wolcott CT for the month of February 2022, with a median sales price of $262,500 and median days on market of 51. This shows that for February 2021, there were the 3 more homes sold than in the same period the previous year, with a 5% average increase in value and less days on market.
For the year 2022, the absorption for Wolcott, CT was 17 sales per month. With this rate and the current inventory, there would be a 1+ month absorption rate, which is a strong seller's market. The Wolcott CT real estate market is showing a transition with lower sales prices.
The graph demonstrates the median monthly sales value in Wolcott CT with positive increase in values from month to month, with the exception of an unusual dip for February . 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.
If you would like information on homes for sale in Wolcott 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 Wolcott CT.
February 2023 Real Estate Sales Report for Wolcott CT
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