Downtown Mystic Drawbridge looking upMystic Real Estate currently has 122 active single family properties listed on the market.  This is both the Groton CT side and Stonington CT sides of the river.  This is slightly lower than 2 months ago.  The average listed price has increased for $534k to $573k.  Active days on the market has increased 8 on average and the median is up 13 days.   The average size of a home listed in Mystic is 3 bedrooms, 2.25 bathrooms, and 2,235 square feet.  The highest listed home in 06355 is $3.2M and the lowest is $139k.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 6 4.5 7,000 $3,200,000 $1,545.45 $0 $0 0% 1,011
Low 1 1 517 $139,900 $79.38 $0 $0 0% 4
Average 3 2.25 2,235 $573,812 $251.46 $0 $0 0% 161
Median 3 2.1 2,081 $394,500 $196.75 $0 $0 0% 101

 

There are currently 24 properties under deposit within Mystic 06355.  One more than at the end of August.  The average list price fell $34k and the active days on the market fell 24 days.  The average size of a house under deposit is down 300 square feet and that may be a reason for the lower average listed price.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 4 4 3,227 $779,000 $343.99 $0 $0 0% 435
Low 2 1 1,080 $110,000 $57.26 $0 $0 0% 5
Average 3 2.01 1,820 $320,879 $177.69 $0 $0 0% 94
Median 3 2 1,666 $293,000 $186.16 $0 $0 0% 74

 

Over the last 12 months there have been 135 closed transactions from Mystic real estate agents.  Closed transactions basically stayed flat, falling only 1.  The average sale price rose $16k and the median price rose $28k.  The average size increased 90 square feet but it is promising that the prices did move slightly higher.  Sellers were able to obtain 94.7% of their asking price and the average days on the market went up 7 to 117 days.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 10 8 10,349 $2,950,000 $712.86 $2,850,000 $657.11 110.2% 509
Low 1 1 520 $74,500 $73.06 $63,000 $69.39 61.5% 3
Average 3 2.08 2,093 $409,944 $195.9 $386,417 $184.54 94.76% 117
Median 3 2 1,985 $325,000 $170.88 $315,000 $164.67 96.2% 70

There continues to be mixed numbers for the Mystic real estate market however, mixed numbers are still an improvement over bad numbers a few years ago.  I continue to like to see that the number of active listings lower than total sales for the last year.  As we move into the slower months of the year, inventory should continue to fall and hopefully demand will stay steady.

The following statistics were based on the CTMLS as of 9/9/2014. You can find updated information on our Mystic Real Estate Trends Page at the bottom.  If you are looking for properties for sale in Mystic or if you would like to work with a CT Realtor in this area, please contact us today. We would love to help you buy or sell your next home.