Cute Home in East Hartford Connecticut
The average days on the market for East Hartford is 98 days. However, for this simply irresistible but cute home in East Hartford, it took only 20 days on the market before it went under contract.
The home has 588 square feet with one bedroom and 1 full bathroom. Each home has it own rightful buyer. To the buyers, it may be small but it is the right one for them. A small home requires low maintenance and upkeep and lower heating and electric costs.
Currently, there are 189 single residential homes for sale in East Hartord Connecticut. The average listing price is $151,702 with average square feet of 1,386, 3 bedrooms and 1 bathroom.
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One hundred ten properties are currently under contract. The average listing price for the 110 units is $132,456 with average square feet of 1,389, 3 bedrooms and 1 1/2 bathrooms.
There is a significant change in the average listing price between the active listings and the properties under contract. The difference is approximately $20,000. This means that the properties are listed higher without considerable change in size or square footage.
Interestingly, the month of March performed better with respect to sold units and sold price compared to the market’s performance in April. Although the ratio of Sold Price to Listing Price is higher in April, it is not too significant to make a considerable impact.
In March and April, 32 and 28 units are sold with average sold price of $119,743, average square feet of 1,298 and $113,642 with average square feet of 1,201, respectively.
Using a four-month sales history, the current inventory of 189 single family homes in East Hartford is expected to be depleted within 6 months.
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