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