What’s My Waterbury CT Home’s Value May 2021
Currently in Waterbury CT there are 83 active residential listings for sale, with 58 new listings being added in May. The homes for sale in Waterbury CT range from a 900 square ft, 2-bedroom colonial listed at $72,900 to a 4,698 square ft, 10-bedroom colonial listed at $529,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
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The average list price of the homes currently available for sale in Waterbury CT is $219,351. The average days on market for these homes are 41 days. There are currently 232 homes either under show status or hard deposit in Waterbury CT.
In May 2021, 85 homes closed in Waterbury CT. They ranged from a 1,176 square ft, 2-bedroom cape style home, which sold for $78,400 to a 2,320 square ft, 3-bedroom colonial that sold for $300,000. The average price for the closed properties was $200,265 with average DOM of 38 days.
For a comparison, there were 55 closings in Waterbury CT for the month of May 2020, with an average price of $143,463 and avg. days on market of 56 This shows that for May 2021, there were 30 more homes sold than in the same period the previous year, with a 28% average increase in value and less days on market.
For the year 2020, the market sales or absorption rate was almost 78 sales per month, with an average sales value of $154,998 and average days on market of 56. With this absorption rate the current inventory equates to slightly more than a 1 month inventory which is a strong sellers market.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month in the first half of the year and an increase in values over the last half of the year. The values in Waterbury CT are showing signs of strong increase in values monthly.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.
If you would like information on homes for sale in Waterbury CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Waterbury CT.
May 2021 Real Estate Sales Report for Waterbury CT
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