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.
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.
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.
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.
August 2023 Real Estate Market Statistics for Watertown CT