What’s My Waterbury CT Home’s Value March 2019
Currently in Waterbury CT there are 225 active residential listings for sale, with 40 new listings being added in March 2019. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom REO row house listed at $27,500 to a 3,197 square ft, 3-bedroom cape listed at $399,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $140,108. The average days on market for these homes are 77 days. There are currently 95 homes under contract in Waterbury CT.
In March 2019, 51 homes closed in Waterbury CT. They ranged from a 1,292 square ft, 3-bedroom REO bungalow, which sold for $30,000 to a 3,886 square ft, 6-bedroom Contemporary ranch that sold for $260,000. The average price for the closed properties was $125,637 with average DOM of 70 days.
For a comparison, there were 58 closings in Waterbury CT for the month of March 2018, with an average price of $103,829 and avg. days on market of 49. This shows that for March of 2019, there were 7 less homes sold than in the same period the previous year, with a 16% average increase in value and slightly longer days on market.
For the first quarter of 2019, the market sales or absorption rate for Waterbury CT was 53 sales per month, with an average sales value of $124,996 and average days on market of 77.
For the year 2018, the market sales or absorption rate was 67 sales per month, with an average sales value of $117,240 and an average of 56 days on market.
With this rate and the current inventory, there would be a 3+ month absorption rate, which is a strong seller's. The Waterbury CT real estate market is showing a positive improvement in values.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT are showing some signs of stabilizing, along with an increase in values over the previous year.
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.
March 2019 Real Estate Sales Report for Waterbury CT