September 2022 Real Estate Sales Report for Waterbury CT

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

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.

 

  September 2022 Real Estate Sales Report for Waterbury CT

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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.  

  September 2022 Real Estate Sales Report for 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. 

 September 2022 Real Estate Sales Report for Waterbury CT

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.

 

If you would like information on homes for sale in Waterbury 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 Waterbury CT.

Search for Homes in Waterbury CT

 September 2022 Real Estate Sales Report for Waterbury CT

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (9)

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

Ed Silva Your buyers and sellers should always read your honest market update of your area. 

Oct 17, 2022 10:58 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed the figures between September 2021 and 2021 are not to far apart, so maybe things are flattening out a little in Waterbury.

Oct 17, 2022 11:43 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed,

Your Waterbury CT market report is full of good information for your market.  I am sure that you have had this in prior reports, but I was not aware of how close your market is to NYC. 

Oct 17, 2022 12:44 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Is it fair to assume that the 2 bedroom townhouse for $40K is a fixer-upper or perhaps even a tear down?

Oct 18, 2022 04:55 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, thank you for sharing the latest update for Waterbury's market!   Looking good.

Oct 18, 2022 07:31 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Oct 18, 2022 09:14 AM
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Great information for your market area of Waterbury CT Ed, thanks for sharing!

 

Sincerely,

Grace

Oct 18, 2022 10:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... Waterbury market is certainly holding its own. Homes selling in the $200,000's are such a thing of the past here in the Charlotte area I can hardly remember when I last sold a home under $300,000.

Oct 18, 2022 11:13 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Homes prices there in Waterbury are reasonably priced, Ed (compared to here). Hope you end the year well with a lot more sales under your belt!

Oct 18, 2022 03:11 PM