The current Groton real estate statistics are based on the last 12 months.  Groton Real Estate currently has 242 active single family properties listed on the market.  That is significantly higher than 6 months ago when it was only 178 however, that is the seasonal trend this time of year.  The number remains solid and the activity seems to be continuing relatively flat over all.  There are signs that things are strengthening.  The highest listed home is $2.9m.  The average listing price is down $25,000 but the median price went up $10,000. The average and median active days on the market both went down significantly.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 6 6.1 5,303 $2,950,000 $1,545.45 $0 $0 0% 784
Low 0 1 368 $80,000 $52.88 $0 $0 0% 1
Average 3 2.12 1,992 $498,814 $247.4 $0 $0 0% 139
Median 3 2 1,776 $349,000 $179.12 $0 $0 0% 99

There are currently 49 properties under deposit in Groton.  That is down 7 from 6 months ago however, the average price and the median both rose; +$79 and +$36 respectively.  So although we are slightly lower on the current listings under deposit, the homes seem to be listed at a higher price point, pointing to the potential for rising closing prices.  The average size of a home went up 100 square feet so that could account for the higher price however, the median size fell 66 square feet and yet the price still gained strength.  Active days on the market remained almost flat, lowering just 1 day.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 8 6.1 7,083 $2,950,000 $678.32 $0 $0 0% 459
Low 1 1 850 $55,000 $47.17 $0 $0 0% 6
Average 3 1.88 1,847 $347,835 $169.06 $0 $0 0% 133
Median 3 2 1,666 $239,000 $142.8 $0 $0 0% 107

Over the last 12 months there have been 259 closed transactions from Groton Real estate agents.  This number is exactly the same as 6 months ago.  Maintaining a number higher than the current inventory will continue to move the market in the right direction, although the rolling statistics for the last 12 months are not reflecting this yet.  The average price was almost flat moving down -$1,000 however, the median price was down from $237,000, a loss of -$13,000.  Sellers continue to receive 94.54% of their asking price and the average number of days a house wass on the market before closing was 114.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 10 8 10,349 $2,950,000 $1,124.28 $2,850,000 $881.45 135.3% 953
Low 1 1 576 $32,500 $27.08 $25,585 $21.32 60% 1
Average 3 1.9 1,856 $343,495 $174.46 $319,169 $162.72 94.54% 114
Median 3 2 1,660 $235,000 $147.44 $225,000 $142.17 96.3% 69

All data was collected from the CTMLS as of 9/18/14.  Groton has a number of different markets within the same town such as Mystic, Noank, Mumford Cove, Groton Long Point, and the City of Groton.  You can find additional statistics for each individual market to see how they compare in relation the the rest of the town.  If you are considering buying or selling a home within the town of Groton, please give us a call.  We would like to be your real estate agent.