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 January 2024 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, January 2024

 

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.  Its 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 11 active residential listings for sale. The homes for sale in Watertown CT range from an 934 square ft, 3-bedroom ranch listed at $135,000 to a 3,668 square ft, 4-bedroom, colonial listed at $890,000. 

 January 2024 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 $548,155.  The average days on market for these homes is 82 days. In addition, there are currently 11 homes in pending status and 11 under hard deposit in Watertown, CT. 

 January 2024 Real Estate Market Statistics for Watertown CT

In January 2024, 14 homes closed in Watertown CT. They ranged from a 1,152 square ft, 3-bedroom bungalow, which sold for $135,000 to a 3,400 square ft, 4-bedroom colonial which sold for $750,000. The average price for the homes that closed in January in Watertown CT was $420,700 with average days on market of 45 days.   The homes sold at an avg. of 99% of asking.

By comparison, there were 10 closings in Watertown CT for the month of January 2023, with an average sales price of $304,050 and avg. days on market of 56. The homes sold at an avg. of 97% of asking.

 

This indicates that for January of 2024, there were 8 less homes sold than in January 2023, with an average price 28% higher than the same period the previous year with less time on market.

For the year 2023, the market sales or absorption rate was 19 sales per month, with an average sales value of $361,560 and average days on market of 28.  

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.

  January 2024 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 

 

January 2024 Real Estate Market Statistics for Watertown CT

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The real estate market in Watertown appears to be strong and you are the only one that I would trust to refer people to for their real estate needs!

Feb 27, 2024 04:58 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed:

Looks like a pretty strong housing market in Waterbury and certainly some shifts from January 2023. This is good information for both buyers and sellers to be aware of, with a follow-up call to you for guidance with with buying and selling decisions.

Jeff

Feb 27, 2024 04:55 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Thank you for sharing this Ed Silva, 203-206-0754 

Feb 28, 2024 06:13 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Mar 05, 2024 04:46 PM