October 2023 Real Estate Market Statistics for Watertown CT

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

What's My Watertown CT Home Worth, October 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 27 active residential listings for sale. The homes for sale in Watertown CT range from an 570 square ft, 2-bedroom bungalow listed at $139,000 to a 3,668 square ft, 4-bedroom, colonial listed at $890,000. 

 October 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 $528,368.  The average days on market for these homes is 63 days. In addition, there are currently 12 homes in pending status and 24 under hard deposit in Watertown CT. 

 October 2023 Real Estate Market Statistics for Watertown CT

In October 2023, 21 homes closed in Watertown CT. They ranged from a 1,095 square ft, 2-bedroom cape, which sold for $235,000 to a 5,072 square ft, 5-bedroom colonial which sold for $892,000. The average price for the homes that closed in October in Watertown CT was $372,805 with average days on market of 22 days.   The homes sold at an avg. of 102% of asking.

By comparison, there were 26 closings in Watertown CT for the month of October 2022, with an average sales price of $340,752 and avg. days on market of 36. The homes sold at an avg. of 97% of asking. 

 

This indicates that for October of 2023, there were 5 less homes sold than in October 2022, but with an average price 9% 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.

  October 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

October 2023 Real Estate Market Statistics for Watertown CT

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (10)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Watertown sounds like a great place to live!  Thanks for updating us about what the market is like. 

Nov 28, 2023 04:00 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for the introduction to Watertown Connecticut. I hope you had a great Thanksgiving and are looking forward to the next holiday Ed 🙂

Nov 28, 2023 04:24 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Everything looks so immaculate and it makes me want to visit Waterton, Connecticut for absolutely sure

Nov 28, 2023 05:39 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Nov 28, 2023 08:05 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... Watertown is more than holding its own. I just read an article this morning about how high a percentage of Americans think the market will crash... I think Watertown will prove them wrong.

Nov 29, 2023 04:08 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The 570 square ft, 2-bedroom bungalow caught my attention since that seems too small for 2 bedrooms.

Nov 29, 2023 05:03 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed 22 days is not much time for a house to be on the market.  Houses continue to sell quickly if they show well and are priced correctly.

Nov 29, 2023 11:12 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Lise Howe   It is a fine town and offers many services to its residents.

Paul S. Henderson, REALTOR®, CRS   It was different but enjoyable, thank you.

Nov 30, 2023 06:28 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Laura Cerrano   It prettied up its streets so I could take the photos.

Myrl Jeffcoat   They do ask questions which is the purpose.

Nov 30, 2023 06:30 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Nina Hollander, Broker   I would venture to say that the people looking for a crash are the buyers that are currently shut out and are looking for a bargain.

Brian England   That is a lakefront cottage so they eat outside.

George Souto   People know what to expect now and agents' price accordingly

Nov 30, 2023 06:33 AM