October 2021 Real Estate Market Statistics for Watertown CT
Watertown CT is a town in Southeastern Litchfield County, Connecticut, United States. 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 25 active residential listings for sale, with 1 new listing being added in October. The homes for sale in Watertown CT range from an 612 square ft, 1-bedroom bungalow listed at $119,500 to a 1,304 square ft, 3-bedroom, bi-level listed at $899,900.
The average list price of the homes currently available for sale in Watertown CT is $362,208. The average days on market for these homes is 67 days. In addition, there are currently 46 homes under contract in Watertown CT.
In October 2021, 31 homes closed in Watertown CT. They ranged from an 1,016 square ft, 3-bedroom ranch, which sold for $150,000 to a 2,130 square ft, 3-bedroom tri-level ranch which sold for $550,000. The average price for the homes that closed in October in Watertown CT was $309,961 with average days on market of 39 days. The closed properties had a Sales price to List price ratio of 100%.
By comparison, there were 37 closings in Watertown CT for the month of October 2020, with an average sales price of $308,259 and avg. days on market of 38.
This indicates that for October of 2021, there were 6 less homes sold than in October 2020, with an average price almost identical as the same period for the previous year with less time on market. This shows that there was a decrease in value for units. This is still 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.
Watertown CT Real Estate Sales Report for October 2021