February 2023 Real Estate Sales Report for Waterbury CT

What’s My Waterbury CT Home’s Value February 2023

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 58 active residential listings for sale. The homes for sale in Waterbury CT range from a 865 square ft, 2-bedroom contemporary listed at $149,000 to a 3,238 square ft, 4-bedroom  cape listed at $825,000. 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 $280,845. The average days on market for these homes are 56 days.  There are currently 116 homes either under show status or hard deposit in Waterbury CT.  

In February 2023, 45 homes closed in Waterbury CT. They ranged from an 1,030 square ft, 3-bedroom ranch, which sold for $85,000 to a 2,363 square ft, 3-bedroom colonial that sold for $390,000. The average price for the closed properties was $242,170  with average DOM of 52 days. 

For a comparison, there were 64 closings in Waterbury CT for the month of February 2022, with an average price of $214,055  and avg. days on market of 55.  This shows that for February 2023, there were 19 less homes sold than in the  same period the previous year, but there was an 12% average increase in value and similar days on market. 

Even though interest rates are higher, the values are still greater than the previous year.

For the year 2022, the market sales or absorption rate was 77 sales per month, with an average sales value of $229,826 and average days on market of 36.

With this absorption rate the current inventory equates to less than a 1 month inventory which is still a strong seller's market, but with interest rate concerns, prices are not showing any appreciable decline. 

The graph demonstrates the average monthly sales value in Waterbury CT with minimal fluctuations from month to month. The values in Waterbury CT continue are showing a slight decline in sales values and activity has slowed wither due to a rise in interest rates or seasonal lull. It is still, however a strong seller's 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.

 February 2023 Real Estate Sales Report for Waterbury CT