The current Noank real estate statistics are based on the last 12 months. Noank currently has 20 active single family properties listed on the market. That is down 3 from 2 months ago. The average list price has gone down from $699k to 605k but the median stayed the same. This may be a result of the $2.9m house going under contract. Active days on the market fell 12 and the median went down from 92 to 81 days on average.
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There are currently 2 properties under deposit within Noank. With such a small set of data, the statistics are not very useful however we are down one contract from July but as stated, the highest list price is almost 3 million. It is always nice to see the higher price points starting to move along with the starter homes.
Beds | Baths | SqFt | Listing Price | LP$/SqFt | Sale Price | SP$/SqFt | SP/LP | ADOM | |
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High | 5 | 3.1 | 4,349 | $2,950,000 | $678.32 | $0 | $0 | 0% | 138 |
Low | 4 | 2 | 1,576 | $229,900 | $145.88 | $0 | $0 | 0% | 33 |
Average | 5 | 2.55 | 2,963 | $1,589,950 | $412.1 | $0 | $0 | 0% | 86 |
Median | 5 | 2.55 | 2,963 | $1,589,950 | $412.1 | $0 | $0 | 0% | 86 |
Over the last 12 months there have been 10 closed transactions from Noank Real estate agents. That is down 4 from 2 months ago however, the average sales price rose $60k to $631k. The active days on the market fell 35 days and sellers were able to sell for slightly closer to their asking price. Currently averaging 95.3% of the list price with the median at 96%. I would prefer to see more closed transactions over the last 12 months than current market inventory, however, the increased prices is always a positive sign. The average size of a house was down 90 square feet also showing that buyers were willing to pay more for less.
Beds | Baths | SqFt | Listing Price | LP$/SqFt | Sale Price | SP$/SqFt | SP/LP | ADOM | |
---|---|---|---|---|---|---|---|---|---|
High | 5 | 3.1 | 3,301 | $2,675,000 | $810.36 | $2,190,000 | $663.44 | 109.8% | 377 |
Low | 2 | 1 | 726 | $214,995 | $129.52 | $207,500 | $125 | 81.9% | 10 |
Average | 3 | 2.12 | 2,091 | $699,290 | $307.01 | $631,303 | $285.19 | 95.3% | 96 |
Median | 3 | 2 | 2,154 | $427,500 | $212.02 | $407,750 | $200.11 | 96.05% | 57 |
All data was collected from the CTMLS as of 9/18/14. Noank is a part of the town of Groton and is a waterfront community along the Mystic River. If you would like to know more about each of the villages and coastal communities in the area, please give an agent a call today. We would like to be your Noank Realtor.