April 2023 Real Estate Market Statistics for Watertown CT

April 2023 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 672 square ft, 2-bedroom ranch listed at $235,000 to a 5,607 square ft, 5-bedroom, colonial listed at $1,500,000. 

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The average list price of the homes currently available for sale in Watertown CT is $500,329.  The average days on market for these homes is 47 days. In addition, there are currently 22 homes in pending status and 23 under hard deposit in Watertown CT. 

In April 2023, 13 homes closed in Watertown CT. They ranged from an 1,440 square ft, 4-bedroom colonial, which sold for $157,000 to a 2,140 square ft, 4-bedroom cape which sold for $510,000. The average price for the homes that closed in April in Watertown CT was $312,032 with average days on market of 37 days. 

By comparison, there were 14 closings in Watertown CT for the month of April 2022, with an average sales price of $323,397 and avg. days on market of 44.

This indicates that for April of 2023, there was 1 less home sold than in April 2022, with an average price 3.5% lower than the same period for the previous year with slightly less 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 slightly 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.

April 2023 Real Estate Market Statistics for Watertown CT