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Waterbury CT March 2023 Housing Market for Zip Code 06708

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

Waterbury CT March 2023 Housing Market for Zip Code 06708

The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury.

 

There are currently 17 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $376,059 with average days in market of 40.

There are also currently 17 under pending/show status and 21 under hard deposit status. 

Through 2 months of this year, there have been 39 closed sales in this zip code with the average value of homes sold at $248,469 with average days on market of 47 days.

Through the same period of 2022 there were 42 closed listings in the 06708 zip code of Waterbury with an average sales price of $239,008 and average days on market of 43.

This demonstrates that while the average value of homes sold to date is almost 3% greater than the previous year, number of units closed are only 3 less but selling with less days on market.

Through 2022 the average number of homes sold per month, or absorption rate is 27 sales per month which means the current inventory is slightly greater than 1 month worth of sales. It also suggests that new listings will still be highly competitive.

 

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 zip code 06708, please call me at 203-206-0754 or send me an email at easilva48@comcast.net.   I would be happy to assist you or to discuss homes on the market in zip code 06708 of Waterbury CT.

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Waterbury CT March 2023 Housing Market for Zip Code 06708

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (6)

Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The market in Waterbury seems to be a bit similar to the market in the zip code where I live.

Mar 08, 2023 03:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... something people always seem to be surprised to hear that inventory is still tight. Media has them believing nothing is selling.

Mar 08, 2023 04:09 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 Waterbury, and sounds like your market is pretty strong.

Mar 08, 2023 06:17 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed that is more listings than I have been seeing in several other towns.  Hopefully we will start to see the inventory increase a little.

Mar 08, 2023 03:39 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed Silva - Waterbury is still a strong seller's market.  Your clients will benefit from your years of experience in this market to help them navigate their way.

Mar 08, 2023 03:49 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Mar 10, 2023 03:14 AM