Groton, CT Foreclosures
How much do homes sell for in Groton, CT?
The average home price is currently $533,270.
In Groton, CT, how many homes are available?
There are currently 15 active home listings available in Groton.
What’s the average rental cost in Groton, CT?
The average rental price in Groton is $1,619.
What is the most expensive home in Groton?
The most expensive home sold in Groton had a price of $52,227,386.
What is currently the cheapest priced home in Groton, CT?
The cheapest home for sale in Groton is priced at $10,000.
Living in Groton, CT
Groton, CT is a beautiful coastal town with a rich maritime heritage and excellent amenities. It offers a perfect blend of recreational activities, educational institutions, and community-centered events, creating a vibrant lifestyle for its residents. With easy access to major highways, Groton is an ideal location for commuting while enjoying a serene environment.
Current Market Conditions in Groton, CT
The real estate market in Groton, CT has shown signs of stability over the past few months, with a slight increase in home values due to growing demand. The appeal of the town’s amenities and waterfront properties has attracted many buyers, particularly families looking for quality schools and community ties. As a result, sellers are starting to see favorable offers, leading to quicker sales compared to previous years.
Currently, the average home price in Groton is around $350,000, which reflects a competitive market as buyers navigate limited inventory. The increase in popularity can be attributed to the town's outdoor recreational spaces and cultural richness, which appeal to various demographics seeking housing in the area.
Home Value Estimator For Groton, CT
There are currently 8,774 real estate properties
in Groton, CT,
with a median automated valuation model (AVM) price
of $371,269.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Groton, 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 Groton, CT,
is $533,270.00, with the most expensive house
in Groton, CT, topping out
at $52,227,386.00 and the cheapest home
in Groton, CT,
clocking in at $10,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Groton, CT!
Rent Prices
In Groton, CT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Groton, CT, is on
a rollercoaster ride. The
average rent price in Groton, CT,
is $1,619.00. Indeed, when looking to rent in
Groton, CT, you can expect to pay as little
as $830.00 or as much
as $4,540.00,
with the average rent median estimated to
be $1,610.00. The good news is that finding
an affordable and desirable property to rent in Groton, 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
