June 2023 Real Estate Sales Report for Wolcott CT

What’s My Wolcott CT Home’s Value June 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 20 active residential listings for sale. The homes for sale in Wolcott CT range from a 905 square ft, 3-bedroom cape listed at $255,900 to a 4,681 square ft, 5-bedroom contemporary house listed at $1,100,000.

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The average list price of the homes currently available for sale in Wolcott CT is $455,900. The average days on market for these homes are 37 days.  These values do not include the 7 figure properties that have been sitting on market. There are currently 17 homes under pending status and 20 under hard contract in Wolcott CT.

In June 2023, 13 homes closed in Wolcott CT. They ranged from an 1,269 square ft, 3-bedroom, raised ranch which sold for $250,000 to a 1,190 square ft, 1-bedroom waterfront cape that sold for $425,000. The median price for the closed properties was $340,000  with median DOM of 26 days. The average price for the closed properties was $338,115  with average DOM of 5 days.  The sold properties sold at an average of 106% of list.

For a comparison, there were 26 closings in Wolcott CT for the month of June 2022, with a median sales price of $415,000 and median days on market of 17. This shows that for June 20232, there were 10 less homes sold than in the same period for 2022, with a 18% average decrease in value and less days on market. This is a significant decrease in units sold as well as value.

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 June . 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.

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.

 June 2023 Real Estate Sales Report for Wolcott CT