August 2023 Real Estate Market Statistics for Watertown CT

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

What's My Watertown CT Home Worth, August 2023


Watertown CT is a town in Southeastern Litchfield county, Connecticut.  The Zip codes for Watertown are 06795 (for most of the town) and 06779 (for the Oakville section). It is a suburb of Waterbury, CT.  It's population is app 23,000 and has a town manager form of government.   It occupies an area of 29.5 sq miles.  It is also a gateway to Litchfield County along the eastern end.

Currently in Watertown CT there are 25 active residential listings for sale. The homes for sale in Watertown CT range from an 1,120 square ft, 2-bedroom REO ranch listed at $99,900 to a 3,400 square ft, 4-bedroom, colonial listed at $775,000. 

 August 2023 Real Estate Market Statistics for Watertown CT

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The average list price of the homes currently available for sale in Watertown CT is $452,565.  The average days on market for these homes is 42 days. In addition, there are currently 21 homes in pending status and 18 under hard deposit in Watertown CT. 

 August 2023 Real Estate Market Statistics for Watertown CT

In August 2023, 16 homes closed in Watertown CT. They ranged from a 1,686 square ft, 3-bedroom colonial, which sold for $201,000 to a 3,084 square ft, 5-bedroom colonial which sold for $825,000. The average price for the homes that closed in August in Watertown CT was $367,169 with average days on market of 14 days.   The homes sold at an avg. of 100% of asking.

By comparison, there were 33 closings in Watertown CT for the month of August 2022, with an average sales price of $311,555 and avg. days on market of 30. The homes sold at an avg. of 103% of asking. 


This indicates that for August of 2023, there were 17 less homes sold than in August 2022, but with an average price 15% higher than the same period for the previous year with less time on market.

For the year 2022, the market sales or absorption rate was 22 sales per month, with an average sales value of $329,271 and average days on market of 37.  

This rate with the current inventory would be slightly greater than 1 month of inventory. The current market is still a strong seller's market, and values are still slightly higher.

  August 2023 Real Estate Market Statistics for Watertown CT

The graph demonstrates the average monthly sales value in Watertown CT with constant growth across the second half of the year. The jump in values and numbers sold might indicate that Watertown still has very affordable values.

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 Watertown 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 Watertown CT. 


 Homes for sale in Watertown CT

August 2023 Real Estate Market Statistics for Watertown CT

Posted by


Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (10)

Roy Kelley
Retired - Gaithersburg, MD

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

Sep 23, 2023 10:58 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, thanks for sharing the latest data on Watertown, and 42 days on market is still not bad.

Sep 23, 2023 11:22 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Great Watertown information. Thanks for sharing, enjoy your weekend. Bill

Salvatore Arizona Elite Properties

Sep 23, 2023 11:24 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed- I know that buyers and sellers in your area will appreciate your up-to-date statistics for the real estate market for Watertown, CT. 

Sep 23, 2023 11:41 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

With only 25 active listings on the market, I am guessing that some prospective buyers are waiting for something new to come onto the market.

Sep 24, 2023 05:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed. I know Litchfield and parts of Litchfield County... but can't say I was ever in Watertown. Certainly the home prices are quite reasonable compared with other parts of the State.

Sep 24, 2023 05:36 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, Both buyers and sellers can gain knowledge in your local market and find great value in the current real estate market statistics for Watertown.

Sep 24, 2023 06:21 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed,

I like the call to action for those behind on their mortgage.  This is a subject that too many are embarrassed about, and they wait too long to take action.  


Sep 24, 2023 10:24 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed that was a very nice increase in the average selling price, but the low inventory really hurt the number of homes sold.

Sep 24, 2023 04:06 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Sep 26, 2023 08:53 PM