Updates on North Stonington Real Estate Statistics can always be found on our North Stonington real estate page.  In North Stonington, there is currently 57 residential listings for sale.  The low is $69k and the high is $2.1M.  The average size of a house for sale in North Stonington is 2318 square feet with a list price of $438,265 and on the market for 133 days.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 5 5,920 $2,100,000 $934.16 $0 $0 0% 935
Low 1 1 468 $69,900 $73.19 $0 $0 0% 3
Average 3 2.17 2,318 $438,265 $190.48 $0 $0 0% 133
Median 3 2.1 2,280 $339,000 $152.63 $0 $0 0% 75

There are currently 10 homes under deposit in North Stonington.  Three of these are short sales and require approval from a third party in order to close.  The average square footage is 2049 and the average list price is $270,610 with the high being $399,000 and the low being $199,000.  The average active days on the market for these listings is 128 days.  The highest list price for a home currently under contract is still almost $40k under the average list price of what is on the market.  This mismatch of actual contracts with expectations of sellers is continuing to hurt the North Stonington real estate market.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 3 2,712 $399,000 $162.53 $0 $0 0% 336
Low 3 1 1,414 $199,000 $78.8 $0 $0 0% 11
Average 3 2.16 2,049 $270,610 $135.58 $0 $0 0% 128
Median 3 2 1,970 $263,700 $150.24 $0 $0 0% 102

Within the last 12 months, there have been 48 homes sold through real estate agents in North Stonington.  This may be an improvement over previous years however, the average sales price for these homes closed is only $235,329.  That is $200k under the average list price for homes currently on the market.  There seems to be a trend toward the smaller homes with the average square footage hovering at 1862 square feet per home.  For the homes that have sold, they were on the market an average of 100 days and the median is 73 days, suggesting that well-priced homes are selling slightly faster than the average.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 4.1 4,178 $739,000 $425.95 $710,000 $407.2 104% 934
Low 1 1 416 $29,900 $11.12 $23,500 $8.74 78.1% 6
Average 3 1.89 1,862 $245,090 $140.51 $235,329 $135.24 95.82% 100
Median 3 2 1,734 $229,950 $136.37 $224,500 $130.91 96.15% 73

North Stonington Real Estate market data shows that there is still a lot of room for improvement.  The lower price points of the market continue to lead the way and many of the larger, newer, even nicer homes continue to wait for a buyer.  If you are considering buying a home in North Stonington 06359, give us a call today.  We would like to be your North Stonington Realtor.

All market data and real estate statistics are based on the CTMLS as of 7/27/14.  Any information needed to purchase a home should be independently verified.