Waterbury CT June 5, 2023 Housing Trends for Zip Code 06708

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

Waterbury CT June 5, 2023 Housing Trends 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 8 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 $384,088 with average days in market of 58.  

This is down from the 16 active listings for the month of May 2023 and the average sales price of  $315,338.

This demonstrates that in a 30 day span, inventory decreased by 50% while values appreciated by 18%. The 06708 Zip code of Waterbury, or West Side is a very active market for real estate.

There are also currently 32 homes under pending/show status and 24 under hard deposit status.


Through 5 months of this year, there have been 99 closed sales in this zip code with the average value of homes sold at $252,758 with average days on market of 43 days.

Through the same period of 2022 there were 88 closed listings in the 06708 zip code of Waterbury with an average sales price of $247,342 and average days on market of 39.

This demonstrates that while the average value of homes sold to date is almost 4% greater than the previous year, number of units closed are greater in spite of the higher interest rates with comparable 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 2 weeks worth of sales. It also suggests that new listings will still be highly competitive.

 Waterbury CT June 5, 2023 Housing Trends for Zip Code 06708

The chart shows that the median value of sales in the zip code  from Jan 1, 2020 through June 5, 2023 have appreciated 68%. This shows a strong market and highly sought after listings.


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.

Search for Homes in Waterbury CT Zip 06708

Waterbury CT June 5, 2023 Housing Trends for Zip Code 06708


Posted by


Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (7)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed, Waterbury is still one of the few towns in the state where a Buyer can purchase a nice home at an affordable price.

Jun 05, 2023 07:13 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information, regarding Waterbury. Wishing you continued success. Have a wonderful day and sell a house. bill

Jun 05, 2023 07:18 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, looks like you are experiencing low inventory in Waterbury too, like the rest of us.

Jun 05, 2023 07:21 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

An average sales price of around $300K seems very reasonable in today's market and is likely considered to be affordable these days.

Jun 06, 2023 06:11 AM
Roy Kelley
Retired - Gaithersburg, MD

Families considering a move to the area will appreciate your local real estate reports.

Jun 06, 2023 07:03 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Ed, This data clearly illustrates the dynamic nature of the real estate market in the 06708 Zip code of Waterbury, particularly the West Side area.  It's evident that the West Side is a highly active and sought-after market.

Jun 06, 2023 07:12 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jun 07, 2023 06:03 PM