What’s My Cheshire CT Home Worth, Market Statistics for January 2024
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 29 active residential listings for sale. They range from a 1,250 square ft, 2-bedroom ranch listed at $259,900
to a 4,143 square ft, 4-bedroom contemporary farm house, horse farm on 35 acres listed at $3,500,000. The average list price of the homes currently available for sale under $1,000,000 in Cheshire CT is $702,800. The average days on market for these homes is 131 days.
With the large properties included, the average list price jumps to $1,009,937 with days on market of 150 days.
Search for Homes in Cheshire CT
There are currently 11 homes under pending status and 28 under hard contract in Cheshire CT.
In January 2024, 10 homes closed in Cheshire CT. They ranged from a 1,056 sq ft, 3-bedroom ranch which sold for $300,000 to a 5,061 sq ft 6-bedroom, colonial which sold for $1,200,000. Average sales price of the homes that sold was $546,440. Average DOM of 51 days.
By comparison, there were 16 closings in Cheshire CT for the month of January 2023, with an average price of $545,352 and avg. days on market of 38. This would indicate that in January 2024, the number of homes sold was 6 less than the comparable period in 2023, and the average value of the homes was almost identical for the same period the previous year with slightly longer days on market.
For the year 2023, the market sales or absorption rate was 19 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 mostly 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 January 2024
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