August 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 August 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 64 active residential listings for sale. The homes for sale in Waterbury CT range from an 1,152 square ft, 3-bedroom REO colonial listed at $119,900 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.


 August 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 $277,629.  This represents a drop of a .03% from the previous month. The average days on market for these homes are 40 days.  There are currently 53 homes under pending status and 75 homes under hard deposit in Waterbury CT.  

 August 2023 Real Estate Sales Report for Waterbury CT

In August 2023, 57 homes closed in Waterbury CT. They ranged from an 924 square ft, 2-bedroom REO ranch, which sold for $139,000 to a 1,264 square ft, 3-bedroom ranch that sold for $350,000. The average price for the closed properties was $242,551  with average DOM of 23 days.  These homes sold at an average of 103% of list.

For a comparison, there were 93 closings in Waterbury CT for the month of August 2022, with an average price of $239,986  and avg. days on market of 29. These homes sold at an average of 104% of list. Homes are still selling over asking on average.

This shows that for August 2023, there were 36 less homes sold than in the  same period the previous year, and only a 1% average increase in value and slightly less days on market. 

Even though interest rates are higher, the values are still greater than the previous year. The significant difference is the lack f inventory at prices within reach of the average buyer.

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.


 August 2023 Real Estate Sales Report for Waterbury CT

The graph demonstrates the average monthly sales value in Waterbury CT with modest fluctuations from month to month, except for the sharp decline in August. The values in Waterbury CT continue 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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 August 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)

Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

So does "under hard deposit" mean the buyer is pre-qualified? I am unfamiliar with this term here in NW AZ.

Sep 14, 2023 07:50 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed  and thank you for your market report on this area.  Hope you are having a great day so far.

Sep 14, 2023 08:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... that is a sharp decline in August! Every time I read one of your reports I get guiltier and guiltier as I haven't even started my market reports this month as yet.

Sep 14, 2023 09:00 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, sounds like Waterbury is doing pretty well still, especially for Sellers.

Sep 14, 2023 10:14 AM
Roy Kelley
Retired - Gaithersburg, MD

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

I hope all is going well for you this week.

Sep 14, 2023 12:54 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed not much of a change in the average sales price, or days on the market, BUT a huge decrease in the number of sales.

Sep 14, 2023 01:26 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Sep 14, 2023 02:02 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hmm, I don't recall if the part about the factories once being there has always been part of your Waterbury report or not but it sounds like perhaps it used to be a more heavily populated area?

Sep 15, 2023 04:37 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update in Waterbury Connecticut - I hope you have a great weekend

Sep 15, 2023 05:22 AM