October 2023 Real Estate Sales Report for Waterbury CT

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

What’s My Waterbury CT Home’s Value October 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 82 active residential listings for sale. The homes for sale in Waterbury CT range from an 1,116 square ft, 3-bedroom REO colonial listed at $89,900 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.

 

 October 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 $274,832.  This represents a decrease of a 3,5% from the previous month. The average days on market for these homes are 42 days.  There are currently 42 homes under pending status and 56 homes under hard deposit in Waterbury CT.  

 October 2023 Real Estate Sales Report for Waterbury CT

In October 2023, 63 homes closed in Waterbury CT. They ranged from an 900 square ft, 2-bedroom REO ranch, which sold for $154,000 to a 1,222 square ft, 3-bedroom raised ranch that sold for $387,000. The average price for the closed properties was $269,615  with average DOM of 35 days.  These homes sold at an average of 101% of list.

For a comparison, there were 83 closings in Waterbury CT for the month of October 2022, with an average price of $247,391  and avg. days on market of 34. These homes sold at an average of 101% of list.

This shows that for October 2023, there were 20 less homes sold than in the  same period the previous year, but with an 8% average increase in value and comparable days on market. 

Even though interest rates are higher, the values are still greater than the previous year. The significant difference is the increase in interest rates that is making buyers hesitant of purchasing at this time.

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 slightly greater 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. 

October 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 October. 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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 October 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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EdSilvaCTrealestate.com


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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 have the expertise and experience to guide both buyers and sellers through the process of home buying or selling in the Waterbury area!

Nov 25, 2023 11:14 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed (Edward) Silva, 203-206-0754 - Your experience will guide buyers and sellers in the Waterbury area.  In your second to the last paragraph you stated that the sales price needs to be consistent with the current conditions.  This is why sellers would benefit from your experience.

Nov 25, 2023 01:04 PM
Roy Kelley
Retired - Gaithersburg, MD

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

Nov 25, 2023 03:04 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed even though sales were down from last year, I feel they were good compared to the low inventory we continue to experience.

Nov 25, 2023 04:16 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed-d with your experience and knowledge of the area, you are the agent sellers and buyers need to call. 

Nov 25, 2023 06:25 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You definitely know the Waterbury market well and there is nobody else I would trust with my clients if I have them to refer to the area!

Nov 26, 2023 04:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... given the constantly changing market, buyers in Waterbury need to be able to depend on an experienced professional like yourself.

Nov 26, 2023 06:42 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Sunday Ed and thank you for your market report that you share with us here in the Rain. Just got back from mountain cabin last night and back in the Rain now.  Make it a great Sunday. 

Nov 26, 2023 08:30 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Nov 28, 2023 08:09 PM