September 2021 Real Estate Market Statistics for Watertown CT
Currently in Watertown CT there are 26 active residential listings for sale, with 5 new listings being added in September. The homes for sale in Watertown CT range from an 612 square ft, 1-bedroom bungalow listed at $125,000 to a 1,304 square ft, 3-bedroom, bi-level listed at $899,900.
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The average list price of the homes currently available for sale in Watertown CT is $434,500. The average days on market for these homes is 71 days. In addition, there are currently 55 homes under contract in Watertown CT.
In September 2021, 31 homes closed in Watertown CT. They ranged from an 1,176 square ft, 3-bedroom ranch, which sold for $110,000 to a 4,136 square ft, 4-bedroom ranch which sold for $925,000. The average price for the homes that closed in September in Watertown CT was $330,348 with average days on market of 46 days. The closed properties had a Sales price to List price ratio of 101%.
By comparison, there were 32 closings in Watertown CT for the month of September 2020, with an average sales price of $299,611 and avg. days on market of 63.
This indicates that for September of 2021, there was 1 less home sold than in September 2020, but at an average price of 9% greater than for the same period for the previous year with less time on market. This shows that there was an increase in value for units. This is a positive trend for Watertown CT.
For the year 2020, the market sales or absorption rate was 26 sales per month, with an average sales value of $272,853 and average days on market of 63.
This rate with the current inventory would be slightly less than a 1 month absorption rate. The current market is still a strong seller's market.
The graph demonstrates the average monthly sales value in Watertown CT for 2021 with constant growth across the second half of the 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.
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 September 2021
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