July 2023 Real Estate Sales Report for Waterbury CT

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

What’s My Waterbury CT Home’s Value July 2023

Waterbury CT is the second largest town in New Haven County with a population of app
115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City.

The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass mills they used for raw materials and converting to cheaper and lighter aluminum or plastic.


Currently in Waterbury CT there are 67 active residential listings for sale. The homes for sale in Waterbury CT range from an 1,260 square ft, 3-bedroom REO cape listed at $99,900 to a 1,215 square ft, 2-bedroom  cape listed at $750,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.


 July 2023 Real Estate Sales Report for Waterbury CT

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The average list price of the homes currently available for sale in Waterbury CT is $270,272.  This represents a drop of a .03% from the previous month. The average days on market for these homes are 51 days.  There are currently 50 homes under pending status and 72 homes under hard deposit in Waterbury CT.  

 July 2023 Real Estate Sales Report for Waterbury CT

In July 2023, 54 homes closed in Waterbury CT. They ranged from an 1,536 square ft, 3-bedroom cape, which sold for $155,000 to a 3,583 square ft, 4-bedroom colonial that sold for $415,000. The average price for the closed properties was $269,431 with average DOM of 33 days.  These homes sold at an average of 105% of list.

For a comparison, there were 81 closings in Waterbury CT for the month of July 2022, with an average price of $233,950 and avg. days on market of 31. These homes sold at an average of 103% of list.

This shows that for July 2023, there were 17less homes sold than in the same period the previous year, but there was an 13% average increase in value and slightly longer days on market. 

Even though interest rates are higher, the values are still greater than the previous year.

For the year 2022, the market sales or absorption rate was 77 sales per month, with an average sales value of $229,826 and average days on market of 36.

With this absorption rate the current inventory equates to less than a 1-month inventory which is still a strong seller's market, but with interest rate concerns, prices are not showing any appreciable decline. 

 July 2023 Real Estate Sales Report for Waterbury CT

The graph demonstrates the average monthly sales value in Waterbury CT with minimal fluctuations from month to month. The values in Waterbury CT continue are showing a slight decline in sales values and activity has slowed wither due to a rise in interest rates or seasonal lull. It is still, however a strong seller's market.

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, 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 Waterbury CT.

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 July 2023 Real Estate Sales Report for Waterbury CT


Posted by


Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (9)

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 latest market update for Waterbury, and with sellers seeing 103% to list, pretty darned HOT market.

Aug 15, 2023 01:27 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed the low inventory is definitely having a negative on sales.

Aug 15, 2023 01:46 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed- Inventory is still low! So buyers and sellers need to call you if they are considering buying or selling!!!

Aug 15, 2023 07:09 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed,

The homes in your area are so different from what you will find in Arizona.  It is always fascinating to see the different styles.  With you leading the way, Waterbury, CT buyers and sellers are in good hands.

Aug 15, 2023 08:01 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Aug 15, 2023 08:09 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... Waterbury real estate is more than holding its own and then some!

Aug 16, 2023 04:11 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

A 3-bedroom home for under $100K sounds like something that would interest and investor wanting to flip it.

Aug 16, 2023 04:32 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, Buyers and sellers in Waterbury, CT can feel confident with you overseeing their Real Estate transactions!

Aug 16, 2023 07:02 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Ed,

Thank you for the market report in Waterbury CT. It does look like a hot market with such low inventory prices are up!

Aug 16, 2023 07:11 AM