January 2023 Real Estate Market Statistics for Watertown CT
Watertown CT is a town in Southeastern Litchfield County, Connecticut. The ZIP codes for Watertown are 06795 (for most of the town) and 06779 (for the Oakville section). It is a suburb of Waterbury, CT. It's population is app 23,000 and has a town manager form of government. It occupies an area of 29.5 sq miles. It is also a gateway to Litchfield county along the eastern end.
Currently in Watertown CT there are 14 active residential listings for sale. The homes for sale in Watertown CT range from an 528 square ft, 2-bedroom bungalow listed at $99,000 to a 6,108 square ft, 7-bedroom, colonial listed at $799,000.
Search for Homes in Watertown CT
The average list price of the homes currently available for sale in Watertown CT is $406,150. The average days on market for these homes is 73 days. In addition, there are currently 34 homes under contract in Watertown CT.
In January 2023, 10 homes closed in Watertown CT. They ranged from an 440 square ft, 1-bedroom bungalow, which sold for $122,500 to a 2,338 square ft, 4-bedroom colonial which sold for $440,000. The average price for the homes that closed in January in Watertown CT was $304,050 with average days on market of 55 days.
By comparison, there were 18 closings in Watertown CT for the month of January 2022, with an average sales price of $337,383 and avg. days on market of 59.
This indicates that for January of 2023, there were 8 less homes sold sold than in January 2022, with an average price 10% lower than the same period for the previous year with less time on market.
For the year 2022, the market sales or absorption rate was 22 sales per month, with an average sales value of $329,271 and average days on market of 37. This value is comparable to the rates for 2021 as well.
This rate with the current inventory would be less than a 1-month absorption rate. The current market is still a strong seller's market, however values are lower.
The graph demonstrates the average monthly sales value in Watertown CT with constant growth across the second half of the year.
It should be noted that for the last 3 months f thee year there was a monthly depreciation in values of app 5%.
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 Watertown 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 Watertown CT.
Watertown CT Real Estate Sales Report for January 2023
Comments(7)