What’s My Waterbury CT Home’s Value September 2022
Waterbury CT is the second largest town in New Haven County with a population of app
115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City.
The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic.
Currently in Waterbury CT there are 118 active residential listings for sale, with 51 new listings being added in September. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 3,258 square ft, 4-bedroom cape listed at $825,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $275,001. The average days on market for these homes are 45 days. There are currently 81 homes either under show status or hard deposit in Waterbury CT.
In September 2022, 93 homes closed in Waterbury CT. They ranged from a 1,386 square ft, 3-bedroom REO colonial, which sold for $106,650 to a 2,324 square ft, 4-bedroom contemporary that sold for $420,000. The average price for the closed properties was $234,812 with average DOM of 31 days.
For a comparison, there were 99 closings in Waterbury CT for the month of September 2021, with an average price of $218,732 and avg. days on market of 33. This shows that for September 2022, there were 6 less homes sold than in the same period the previous year, with a 7% average increase in value and less days on market.
For the year 2021, the market sales or absorption rate was 86 sales per month, with an average sales value of $206,044 and average days on market of 36. With this absorption rate the current inventory equates to less than a 1 1/2-month inventory which is still a strong seller's market, but with interest rate concerns, prices are showing a decline.
The graph demonstrates the average monthly sales value in Waterbury CT with minimal fluctuations from month to month. The values in Waterbury CT continue are showing a slight decline in sales values and activity has slowed wither due to a rise in interest rates or seasonal lull. It is still, however a strong seller's market.
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.
September 2022 Real Estate Sales Report for Waterbury CT