January 2024 Montville Market Update
If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Montville market.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.
Our January market report showcases everything you need to know about local real estate trends.
$801,629
Average Sales Price
1
Month Supply
54
Average Days on Market
Homes Sold
100.1%
Sale-to-List Price
13
New Listings
17
Active Listings
17
Under Contract
14
Closed Sales
🏡 Don't Wait Until Spring to List Your Home! Here's Why:
Thinking about waiting until spring to list your home? Think again! You might be missing out on a golden opportunity. Here's the scoop:
In Montville right now, there are only 17 active homes listed for sale – 2 townhomes and 15 single-family homes. What's even more eye-opening? Just 6 of these homes are priced under $1.1 million!
But that's not all. This year, there have been 17 closings so far, with the average sale price hitting $804,000. Compare that to last year's average of $755,000 during the same period – talk about growth!
Here's where it gets really interesting: there are currently 17 homes under contract, with an average list price of $1.14 million. This is way above the typical average sales price in Montville, which was $762,000 in 2023.
And let's talk about prices– last year's most expensive home sold for $1,600,000. But guess what? In 2024, there are already 4 homes pending with list prices even higher than that!
Prices are skyrocketing, and you might be sitting on a goldmine without even realizing it. So, if you're curious about the value of your home, don't rely on online tools – they might be underestimating by a long shot. We're talking about selling homes for $100,000 or more above estimated values!
So, what's the takeaway? If you've got a house to sell, don't wait until spring. Take the first step and give us a call for a consultation today. Don't miss out on this red-hot market – your dream deal could be just a phone call away! 📞
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