December 2021 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 18 active residential listings for sale, with 3 new listings being added in December. The homes for sale in Watertown CT range from an 1,114 square ft, 3-bedroom ranch listed at $197,000 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 $381,611. The average days on market for these homes is 57 days. In addition, there are currently 27 homes under contract in Watertown CT.
In December 2021, 23 homes closed in Watertown CT. They ranged from an 1,032 square ft, 3-bedroom ranch, which sold for $115,000 to a 5,072 square ft, 4-bedroom colonial which sold for $723,000. The average price for the homes that closed in December in Watertown CT was $340,476 with average days on market of 60 days.
By comparison, there were 42 closings in Watertown CT for the month of December 2020, with an average sales price of $328,527 and avg. days on market of 83.
This indicates that for December of 2021, there were 19 less homes sold than in December 2020, with an average price almost 4% higher as the same period for the previous year with less time on market. This shows that there was a decrease in number of homes sold caused by lack of inventory with a modest increase in value. This is a trend for Watertown CT that could indicate a cooling market.
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 December 2021