Cobalt, CT Foreclosures
How much do homes sell for in Cobalt, CT?
The average home price is currently $384,413.
In Cobalt, CT, how many homes are available?
There are currently 137 active home listings available in Cobalt.
What’s the average rental cost in Cobalt, CT?
The average rental price in Cobalt is $1,713.
What is the most expensive home in Cobalt?
The most expensive home sold in Cobalt had a price of $624,865.
What is currently the cheapest priced home in Cobalt, CT?
The cheapest home for sale in Cobalt is priced at $188,100.
Living in Cobalt, CT
Cobalt, CT is a charming small community with a quiet, suburban vibe. Situated within Middletown, this area boasts beautiful parks, and a strong sense of community, making it great for families and nature lovers alike. Its proximity to downtown Middletown allows residents easy access to various amenities and recreational activities.
Current Market Conditions in Cobalt, CT
The real estate market in Cobalt has been steadily growing, driven by increasing interest in suburban living. The demand for homes has resulted in a competitive market, particularly for single-family homes. Recently, families and professionals are moving to Cobalt for its affordable housing and good public schools, increasing home prices and limited inventory.
Historically, Cobalt has seen moderate price appreciation over the years, with new construction and renovations adding to the character of older homes. Market predictions indicate continued growth as new developments are planned, attracting even more residents to the area.
Home Value Estimator For Cobalt, CT
There are currently 45 real estate properties
in Cobalt, CT,
with a median automated valuation model (AVM) price
of $377,996.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cobalt, CT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Cobalt, CT,
is $384,413.00, with the most expensive house
in Cobalt, CT, topping out
at $624,865.00 and the cheapest home
in Cobalt, CT,
clocking in at $188,100.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cobalt, CT!
Rent Prices
In Cobalt, CT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cobalt, CT, is on
a rollercoaster ride. The
average rent price in Cobalt, CT,
is $1,713.00. Indeed, when looking to rent in
Cobalt, CT, you can expect to pay as little
as $1,390.00 or as much
as $2,300.00,
with the average rent median estimated to
be $1,720.00. The good news is that finding
an affordable and desirable property to rent in Cobalt, CT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
