March 2022 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 16 active residential listings for sale, with 8 new listings being added in March. The homes for sale in Watertown CT range from an 660 square ft, 1-bedroom lakeside bungalow listed at $134,000 to a 4,055 square ft, 5-bedroom, colonial listed at $1,375,000.
The average list price of the homes currently available for sale in Watertown CT is $387,869. The average days on market for these homes is 39 days. In addition, there are currently 51 homes under contract in Watertown CT.
In March 2022, 18 homes closed in Watertown CT. They ranged from an 935 square ft, 3-bedroom ranch, which sold for $145,000 to a 5,334 square ft, 5-bedroom colonial which sold for $780,000. The average price for the homes that closed in March in Watertown CT was $334,444 with average days on market of 60 days.
By comparison, there were 23 closings in Watertown CT for the month of March 2021, with an average sales price of $277,130 and avg. days on market of 90.
This indicates that for March of 2022, there were 5 less homes sold than in March 2021, with an average price 17% higher than the same period for the previous year with less time on market. This shows that there was an decrease in number of homes sold either for lack of affordable inventory or bad weather.
For the year 2021, the market sales or absorption rate was 24 sales per month, with an average sales value of $308,411 and average days on market of 47.
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 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 March 2022