December 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 19 active residential listings for sale. The homes for sale in Watertown CT range from an 528 square ft, 2-bedroom bungalow listed at $114,000 to a 2,768 square ft, 4-bedroom, colonial listed at $649,900.
Search for Homes in Watertown CT
The average list price of the homes currently available for sale in Watertown CT is $363,205. The average days on market for these homes is 70 days. In addition, there are currently 26 homes under contract in Watertown CT.
In December 2022, 25 homes closed in Watertown CT. They ranged from an 1,218 square ft, 4-bedroom cape, which sold for $192,000 to a 2,976 square ft, 3-bedroom chalet which sold for $800,000. The average price for the homes that closed in December in Watertown CT was $321,832 with average days on market of 55 days.
By comparison, there were 24 closings in Watertown CT for the month of December 2021, with an average sales price of $342,119 and avg. days on market of 59.
This indicates that for December of 2022, there was 1 more home sold than in December 2021, with an average price 7% lower than the same period for the previous year with less time on market. This shows that there was almost the same number of homes sold but values decreased 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 sharp variations from month to month.
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.
Watertown CT Real Estate Sales Report for December 2022
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