What’s My Waterbury CT Home’s Value May 2022
Waterbury CT is the second largest town in New Haven County with a population of app
115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City.
The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic.
Currently in Waterbury CT there are 92 active residential listings for sale, with 62 new listings being added in May. The homes for sale in Waterbury CT range from a 1,474 square ft, 4-bedroom colonial listed at $109,900 to a 3,630 square ft, 4-bedroom ranch listed at $829,900. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
Search for Homes in Waterbury CT
The average list price of the homes currently available for sale in Waterbury CT is $258,267. The average days on market for these homes are 38 days. There are currently 180 homes either under show status or hard deposit in Waterbury CT.
In May 2022, 77 homes closed in Waterbury CT. They ranged from a 1,241 square ft, 3-bedroom REO colonial, which sold for $50,000 to a 2,627 square ft, 4-bedroom Victorian colonial that sold for $455,000. The average price for the closed properties was $235,505 with average DOM of 29 days.
For a comparison, there were 85 closings in Waterbury CT for the month of May 2021, with an average price of $200,341 and avg. days on market of 38. This shows that for May 2022, there were 8 less homes sold than in the same period the previous year, with a 15% average increase in value and less days on market.
For the year 2021, the market sales or absorption rate was 86 sales per month, with an average sales value of $206,044 and average days on market of 36. With this absorption rate the current inventory equates to less than a 2 1/2 month inventory which is still a strong sellers' market, but with interest rate concerns, prices will need to be lower for homes to start selling briskly again.
The graph demonstrates the average monthly sales value in Waterbury CT with minimal fluctuations from month to month. The values in Waterbury CT continue to increase in value demonstrating a very strong sellers market.
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 2022 Real Estate Sales Report for Waterbury CT
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