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

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

Waterbury CT July 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.

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

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 $325,112 with average days in market of 42.  

This is up from the 8 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 increased by 55% while values appreciated by 3%. The 06708 Zip code of Waterbury, or West Side is a very active market for real estate.

There are also currently 16 homes under pending/show status and 15 under hard deposit status.


Through 6 months of this year, there have been 131 closed sales in this zip code with the average value of homes sold at $267,027 and average days on market of 37 days.

Through the same period of 2022 there were 138 closed listings in the 06708-zip code of Waterbury with an average sales price of $247,539 and average days on market of 34.

This demonstrates that while the average value of homes sold to date is almost 8% greater than the previous year, number of units closed are slightly lower 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 July 3, 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.

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Waterbury CT July 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 (9)

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, You always demonstrate how well you know your various communities like this one at Waterbury, and like I reading the stats!

Jul 05, 2023 11:59 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed given how tight inventory continues to be, I am surprised that the number of sales are almost the same.  I would have expected sales to be lower than they are.

Jul 05, 2023 12:55 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, thanks for sharing this recent market update for Waterbury, and love to know what is happening in your area.

Jul 05, 2023 01:49 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jul 05, 2023 08:30 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... that median sale price is certainly holding its own! Did someone say home prices would crash?

Jul 06, 2023 05:52 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The home that you have pictured today looks interesting to me with the front door in the middle of the home.

Jul 06, 2023 07:19 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed,

The inventory increased by 55%, and the homes appreciated by 3%.  This is really good news for your clients. 

Jul 06, 2023 11:15 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed:

It's clear you have a good handle on the Waterbury housing market. Nice to see the improvement in inventory but no doubt buyers are a bit dismayed at the appreciation.


Jul 06, 2023 07:39 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This is such a great presentation - I am getting inspired all over again reading some of the posts that are consistent in their information and appearance on the rain 

Jul 07, 2023 04:31 AM