What’s My Wolcott CT Home’s Value August 2023
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 25 active residential listings for sale. The homes for sale in Wolcott CT range from a 778 square ft, 3-bedroom ranch listed at $249,900 to a 8,947 square ft, 5-bedroom colonial listed at $1,200,000.
The average list price of the homes currently available for sale in Wolcott CT is $391,161. The average days on market for these homes are 43 days. These values do not include the 7 figure properties that have been sitting on market. There are currently 15 homes under pending status and 18 under hard contract in Wolcott CT.
In August 2023, 19 homes closed in Wolcott CT. They ranged from an 2,181 square ft, 3-bedroom, colonial which sold for $201,000 to a 3,052 square ft, 4-bedroom ranch that sold for $535,000. The median price for the closed properties was $320,000 with median DOM of 11 days. The average price for the closed properties was $340,303 with average DOM of 34 days. The sold properties sold at an average of 106% of list.
For a comparison, there were 13 closings in Wolcott CT for the month of August 2022, with a median sales price of $339,000 and median days on market of 6. The sold properties sold at an average of 101% of list. The average price for the closed properties was $346,838 with average DOM of 27 days.
This shows that for August 2023, there were 6 more homes sold than the same period for 2022, with a 2% average decrease in value and slightly greater 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 slightly greater than a 1-month absorption rate, which is still a strong seller's market. The Wolcott CT real estate market is not showing a significant trend in either direction up or down, except listings are scarce.
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 August . The values in Wolcott CT are showing some signs of slight 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.
August 2023 Real Estate Sales Report for Wolcott CT