These are the Stonington Real Estate Market Statistics as of 1/12/14 and over the last 12 months.  Active listings, under deposit, sold properties, and homes for sale within Stonington and all of its towns, boroughs, and villages.  These statistics are only for residential single family homes.  There are currently 190 homes actively for sale in Stonington.  The average list price is $697k and the median price is $449k.  The average “Active Days On Market” is 219.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 17 17 19,166 $4,250,000 $2,091.54 $0 $0 0% 1,070
Low 0 1 719 $130,000 $0 $0 $0 0% 2
Average 4 2.48 2,600 $696,619 $262.04 $0 $0 0% 219
Median 3 2.1 2,314 $449,000 $208.26 $0 $0 0% 168

The market still has a ways to go to clear out all this inventory.  Currently, there are 22 homes under deposit with an average list price of $459k and a median price of $344k.   These averages are significantly lower than the average list price of homes on the market.  The average days on the market for a house that is under deposit is 127.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 4 4.5 4,200 $1,995,000 $527.5 $0 $0 0% 640
Low 2 1 1,208 $134,000 $68.64 $0 $0 0% 3
Average 3 2.27 2,539 $459,008 $167.98 $0 $0 0% 127
Median 4 2.1 2,275 $344,500 $173.18 $0 $0 0% 98

Over the last 12 months, there have been 192 residential sales in Stonington.  It is nice to see that this number is higher than the total number of listings on the market right now but this is on average the lowest month for inventory.  The average days on market for the listings that have sold is 117 with a median at 70 days.  So if you have a property listed at the correct price, it can still sell.  The average price for a sold home is $440k with the median still much lower at $335k.  On average, a seller is able to sell their home for 94% of their list price.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 6 7 21,780 $5,000,000 $1,119.57 $2,900,000 $721.15 166.5% 1,031
Low 0 0 696 $49,900 $11.43 $43,000 $10.56 37% 1
Average 3 2.08 2,191 $440,200 $202.43 $401,496 $187.26 94.39% 117
Median 3 2 1,841 $334,500 $171.47 $305,000 $162.04 95.15% 70

If you are considering selling your home in Stonington, now is the time to talk to an agent.  What people don’t understand is that as you get closer to spring, the inventory goes up.  Most buyers are already searching for a new home online as of the 1st of the year.  Please contact us today and we would be happy to answer all your real estate questions.  Greg Broadbent, your Stonington Real Estate Agent.

All data is collected from the CTMLS.