Skip to main content

Rocky Hill Single Family Home Market Statistics as of 10/31/2010

Both the median and average sales prices in Rocky Hill have increased for single family homes in 2010 over 2009! In addition, the number of closed sales through October equals the total number of closed sales in all of 2009. Rocky Hill single family home sales volumes may end 2010 closer to the volume we saw in 2008. As we saw with the Wethersfield single family home market statistics, the first time home buyer tax credit incentivized first time home buyers to buy their first homes which then enabled existing home buyers to “move up” and buy larger, more expensive homes at near historic low-interest rates.

Historical Snapshot of Rocky Hill Sales Activity as of 10/31/2010

Year # Units Sold Median Sales Price Average Sales Price Average Days On Market
YTD 2010 72 $295,000 $322,643 57 days
2009 72 $268,000 $284,396 74 days
2008 92 $279,950 $314,211 59 days
2007 113 $301,000 $318,939 71 days
2006 117 $297,000 $327,546 61 days
2005 128 $267,450 $284,461 51 days
2004 120 $264,750 $284,263 41 days
2003 119 $245,000 $276,166 54 days

October 2010 Market Activity

  On Market Pending Sales Closed Sales
October Volumes 14 New Listings 9 Went Under Contract 10 Closed This Month
Total Volumes 63 Listings On Market 20 Pending Sales 72 Closed This Year
Most Expensive $635,000 $454,900 $1,165,000
Least Expensive $149,000 $153,900 $130,000
% With Price Reductions 35.94% 55.0% 33.33%

 

The supply time for current inventory (homes  on the market) is 7.8 months with about the same number of homes on the market at the end of October (64) as were on the market at the end of September (65).

Median Listing and Sales Statistics as of 10/31/2010

  On Market Pending Sales Closed Sales
House Size 1,920 sq. ft. 2,068 sq. ft. 1,890 sq. ft.
Days on Market 68 days 56 days 32 days
List Price $369,900 $309,450 $299,450
Sales Price N/A N/A $295,000
List Price/Sq. Ft. $184.62/sq. ft. $151.29/sq. ft. $169.46
Sales Price/Sq. Ft N/A N/A $166.51
Sales Price/List Price Ratio N/A N/A 97.1%

Average Listing and Sales Statistics as of 10/31/2010

  On Market Pending Sales Closed Sales
House Size 1,998 sq. ft. 2,120 sq. ft. 1,973 sq. ft.
Days on Market 114 days 68 days 57 days
List Price $359,415 $315,450 $333,198
Sales Price N/A N/A $322,643
List Price/Sq. Ft. $184.40/sq. ft. $153.77/sq. ft. $171.29/sq. ft.
Sales Price/Sq. Ft N/A N/A $166.30/sq. ft.
Sales Price/List Price Ratio N/A N/A 97.05%

Stop by next month to see if the sales momentum continues for single family homes in Rocky Hill CT!

Maria Hagan
Hartford CT Real Estate Agent
East Hartford CT Real Estate Agent
Wethersfield CT Real Estate Agent
Rocky Hill CT Real Estate Agent
Homes for Sale in Greater Hartford CT

Follow Maria Hagan on Twitter
Find Maria’s Guide to Living in the Greater Hartford, CT Area on Facebook
Connect with Maria Hagan on LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *