Groton Real Estate Market Report 4/10/13

The median sales price for homes in ZIP code 06340 in Groton from Jan 13 to Mar 13 was $171,500 based on 22 sales. Compared to the same period one year ago, the median sales price increased 8.2%, or $13,000, and the number of sales decreased 43.6%. Average price per square foot for homes in 06340 was $134, an increase of 3.9% compared to the same period last year. There are currently 229 resale and new homes in ZIP code 06340 on Trulia, including 4 open houses, as well as 32 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 06340 was $386,248 for the week ending Apr 03, which represents a decrease of 0.7%, or $2,797, compared to the prior week.

Click here for graphs of Groton Real Estate Market Report

The median sales price for homes in ZIP code 06340 for Jan 13 to Mar 13 was $171,500. This represents a decline of 9.1%, or $17,250, compared to the prior quarter and an increase of 8.2% compared to the prior year. Sales prices have depreciated 10.7% over the last 5 years in 06340, Groton. The median sales price of $171,500 for 06340 is 0.00% higher than the median sales price for Groton CT. Average listing price for homes on Trulia in ZIP code 06340 was $386,248 for the week ending Apr 03, which represents a decline of 0.7%, or $2,797 compared to the prior week and an increase of 3.9%, or $14,448, compared to the week ending Mar 13. Average price per square foot for homes in 06340 was $134 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Groton.

Bridget Morrissey is a Realtor with RE/MAX Property Consultants at 500 Bridge Street in Groton, CT.  Call/Text her at (860) 857-5165 for more information on Groton real estate or go to the website at http://www.bridgetmorrissey.com.

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