East Hartford CT Real Estate. Sold and Pending Sales

East Hartford CT Real Estate is mostly affordable for First-Time Home Buyers. But first, let's take a look at what East Hartford CT has to offer.

East Hartford is home to big companies such as Pratt and Whitney. Aside from the employment opportunities Pratt and Whitney provides, it also contributes to the socio-economic development of the town and the State of Connecticut.

"The East Hartford Parks and Recreation division prides itself on offering a diverse range of recreation and leisure services. The Town offers extensive programming opportunities throughout the year to provide residents with safe and affordable activities. Its recreation department is responsible for the planning and scheduling all of Town Parks, Playfields, Picnics, Open Space uses and Permits. The town offers over 500 programs and process over 10,000 registrations each year"

What can East Hartford CT Real Estate provide First-Time Homebuyers?

Single Family Homes for Sale as of January 13, 2020

• 81 Single Family Homes
• Average List Price is $173,134 with 1,409 square feet, 3 bedrooms and 2 bathrooms.
• Median List Price is $165,000 with 1,345 square feet, 3 bedrooms and 2 bathrooms.
• Most Expensive Home List Price is $499,900 with 2,760 square feet, 5 bedrooms and 3 bathrooms.
• Least Expensive Home List Price is $24,500 with 624 square feet, 1 bedroom and 1 bathroom.

Single Family Homes Under Contract in the month of December 2019

• 26 Single Family Homes
• Average List Price is $164,956 with 1,388 square feet, 3 bedrooms and 2 bathrooms.
• Median List Price is $164,900 with 1,346 square feet, 3 bedrooms and 2 bathrooms.
• Most Expensive Home List Price is $279,900 with 2,600 square feet.
• Least Expensive Home List Price is $83,600 with 732 square feet.

Sold Homes in December 2019

• 30 Single Family Homes
• Average Sold Price is $174,465 with 1,431 square feet.
• Median Sold Price is $170,950 with 1,363 square feet.
• Most Expensive Sold Home is $262,000 with 2,438 square feet.
• Least Expensive Sold Home is $47,500 with 864 square feet.

Features of a Sold Home

Based on 505 sold units from January 2019 to December 2019, the absorption rate is 1.92. At this given rate, the current inventory of 81 homes would be depleted in 1-2 months. This current market condition in East Hartford CT Real Estate provides a better leverage for the sellers.

This Review of East Hartford CT Real Estate in 2020 is provided to you by Maria Gilda Racelis of Home Buyers Realty. If you are looking to buy or sell homes, do not hesitate to contact her at 860-995-9473. Visit her website www.hbrsales.com for real-time listings and for valuable real estate resources. For more real estate news or trends,visit Maria Racelis Blog.