February 2023 Real Estate Market Statistics for Watertown CT

What's My Watertown CT Home Worth? February 2023

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 12 active residential listings for sale. The homes for sale in Watertown CT range from an 1,208 square ft, 3-bedroom cape listed at $179,900 to a 6,109 square ft, 7-bedroom, colonial listed at $749,000. 

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The average list price of the homes currently available for sale in Watertown CT is $528,617.  The average days on market for these homes is 49 days. In addition, there are currently 34 homes under contract in Watertown CT. 

In February 2023, 11 homes closed in Watertown CT. They ranged from an 1,432 square ft, 5-bedroom colonial, which sold for $235,000 to a 6,201 square ft, 4-bedroom colonial which sold for $1,195,000. The average price for the homes that closed in February in Watertown CT was $382,364 with average days on market of 52 days.  

By comparison, there were 5 closings in Watertown CT for the month of February 2022, with an average sales price of $303,000 and avg. days on market of 42.

This indicates that for February of 2023, there were 6 more homes sold than in February 2022, with an average price 21% higher than the same period for the previous year with slightly longer time on market.

For the year 2022, the market sales or absorption rate was 22 sales per month, with an average sales value of $329,271 and average days on market of 37.  This value is comparable to the rates for 2021 as well. 

This rate with the current inventory would be less than a 1-month absorption rate. The current market is still a strong seller's market, however values are lower.

The graph demonstrates the average monthly sales value in Watertown CT with constant growth across the second half of the year. The jump in values and numbers sold might indicate that Watertown still has very affordable values.

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.

 February 2023 Real Estate Market Statistics for Watertown CT