Bolton CT Real Estate Market Report
Great Schools rated Bolton Public Schools 9, with 10 as the highest.
The Town of Bolton offers one of the finest schools in Connecticut.
The suburban community inherent in Bolton makes it an ideal place for people who wants to be close to the hustle and bustle of the city without compromising the desire to live in a more relaxed and rural setting.
Bolton’s proximity to Manchester and Vernon provides convenience to access shopping centers and other retail stores and small-scale shops.
Currently, there are 33 properties for sale in Bolton Connecticut. Out of this number, the average listing price is $344,730 with average square feet of 2,148, 3 bedrooms and 2 bathrooms.
There are currently 12 properties under contract. The average listing price for these units is $255,713 with average square feet of 1.844, 3 bedrooms and 1 1/2 bathrooms. Given the data specific to the active listings and the homes under contract for this month, there is a huge difference on the average list price and square feet between the two. This means that more expensive and bigger homes are added to the inventory
Only one residential home was sold in February and 5 in March. The only sold home in February is listed for $599,900 and sold for its listed amount. This home has 3,300 square feet, 4 bedrooms and 2 1/2 bathrooms.
In March, the average listing price $342,320 with 2,563 square feet, 3 bedrooms and 2 bathrooms. The average sold price is $326,000. The average days on the market is 86 days. The average ratio of sold price to listing price is 92.9%.
This means that there is a 7.1% difference between the average listing price and the sold price.
Using a four-month sales history, the current absorption rate is 5.75. At this rate, the inventory of 33 properties will be depleted within 6 months.
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