What’s My Waterbury CT Home’s Value October 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 101 active residential listings for sale, with 55 new listings being added in October. 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 3,238 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.
Search for Homes in Waterbury CT
The average list price of the homes currently available for sale in Waterbury CT is $270,291. The average days on market for these homes are 56 days. There are currently 172 homes either under show status or hard deposit in Waterbury CT.
In October 2022, 80 homes closed in Waterbury CT. They ranged from a 1,064 square ft, 3-bedroom REO colonial, which sold for $85,000 to a 3,630 square ft, 4-bedroom ranch that sold for $630,000. The average price for the closed properties was $241,834 with average DOM of 34 days.
For a comparison, there were 96 closings in Waterbury CT for the month of October 2021, with an average price of $212,875 and avg. days on market of 33. This shows that for October 2022, there were 16 less homes sold than in the same period the previous year, but there was a 12 average increase in value and similar days on market.
Even though interest rates are higher, the values are still greater than the previous year.
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 not showing any appreciable 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.
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.
October 2022 Real Estate Sales Report for Waterbury CT
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