What’s My Cheshire CT Home Worth, Market Statistics for April 2023
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 16 active residential listings for sale. They range from a 1,598 square ft, 4-bedroom cape listed at $349,900
to a 4,015 square ft, 5-bedroom new construction colonial listed at $1,148,290. The average list price of the homes currently available for sale in Cheshire CT is $746,712. The average days on market for these homes is 58 days.
There are currently 20 homes under pending status and 34 under hard contract in Cheshire CT.
In April 2023, 17 homes closed in Cheshire CT. They ranged from a 1,075 sq ft, 3-bedroom cape which sold for $270,000 to a 3,280 sq ft 5-bedroom, colonial which sold for $1,331,234. Average sales price of the homes that sold was $576,984. Average DOM of 63 days.
By comparison, there were 16 closings in Cheshire CT for the month of April 2022, with an average price of $523,087 and avg. days on market of 24. This would indicate that in April 2023, the number of homes sold was 1 more than the comparable period in 2022, and the average value of the homes was slightly greater than 9% over the value for the same period the previous year with slightly longer days on market.
For the year 2022, the market sales or absorption rate was 26 sales per month, with an average sales value of $540,244 and average days on market of 33. 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.
Real Estate Market Statistics for Cheshire CT for April 2023