Watertown CT Real Estate Sales Report for March 2022

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

March 2022 Real Estate Market Statistics for Watertown CT

 

Watertown CT is a town in Southeastern Litchfield CountyConnecticut.  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. 

 Watertown CT Real Estate Sales Report for March 2022

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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.

 

 Watertown CT Real Estate Sales Report for March 2022 

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. 

 Watertown CT Real Estate Sales Report for March 2022

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.

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.

Homes for sale in Watertown CT 

 

Watertown CT Real Estate Sales Report for March 2022

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (10)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva Another great market report making you the local Real Estate expert in Watertown. Buyers and sellers alike would be wise to call you for more information 

Apr 29, 2022 07:43 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for your market report.  I always enjoy seeing what is going on in your area.

Apr 29, 2022 07:56 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Hannah Williams   Thank you I lived a while in the town so it carries deep memories for me as well.

Raymond Henson, eXp Realty   It is a deep community and is the gateway to Connecticut that the New Yorkers seek

Apr 29, 2022 08:09 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed and Thank You for the great information to share with us here in the Rain.  Make it a super day!

 

Apr 29, 2022 08:51 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Ed Silva - This is a very comprehensive market report for Watertown, CT. I am sure your clients appreciate all the information you provide.

Apr 29, 2022 12:04 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed that was a HUGE jump in the average sales price from last year.

Apr 29, 2022 06:03 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed- thank you for sharing such a thorough and very informative market report for Watertown CT!!!! Buyers and Sellers will appreciate this. 

Apr 29, 2022 06:38 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Watertown home buyers and sellers are sure to value your real estate market report, Ed.

Apr 30, 2022 03:33 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, great market update for Watertown, and looks it isn't as much of a frenzy as some areas.

Apr 30, 2022 05:30 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

We can always count on you to keep us updated with regard to what is going on in Watertown!  I hope that you will have a fun weekend!

Apr 30, 2022 07:08 AM