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 March 2024 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 March 2024

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 61 active residential listings for sale. The homes for sale in Waterbury CT range from an 1,024 square ft, 3-bedroom row-house listed at $119,900 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.

 

 March 2024 Real Estate Sales Report for Waterbury CT

Search for Homes in Waterbury CT 

The average list price of the homes currently available for sale in Waterbury CT is $273,033.  The average days on market for these homes are 34 days.  There are currently 48 homes under pending status and 52 homes under hard deposit in Waterbury CT. 

 

 March 2024 Real Estate Sales Report for Waterbury CT

In March 2024, 46 homes closed in Waterbury CT. They ranged from a 1,024 square ft, 3-bedroom row house, which sold for $147,500 to a 1,984 square ft, 3-bedroom tri-level home that sold for $455,500. The average price for the closed properties was $275,402 with average DOM of 48 days.  These homes sold at an average of 101% of list.

For a comparison, there were 40 closings in Waterbury CT for the month of March 2023, with an average price of $232,275 and avg. days on market of 55. These homes sold at an average of 98% of list.

This shows that for March 2024, there were 6 more homes sold than in the same period the previous year, but with an 18% average increase in value and less 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 2023, the market sales or absorption rate was 60 sales per month, with an average sales value of $252,560 and average days on market of 37.

With this absorption rate the current inventory equates to slightly less than a 1-month inventory which is still a strong seller's market, but even with interest rate concerns, prices are not showing any appreciable decline.

 

 March 2024 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 March. 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.

 

 Search for Homes in Waterbury CT

 

 March 2024 Real Estate Sales Report for Waterbury CT

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed:

Nice overview of the Waterbury CT housing market and the kind of information buyers need about current conditions. Next step is to contact you for guidance in this seller's market.

That's a pretty big jump in average prices YOY!

Enjoy the rest of your weekend!

Jeff

Apr 20, 2024 04:23 PM
Ed Silva, 203-206-0754

Jeff Dowler, CRS  Historically the Waterbury Real estate prices have been lowest in this area of the state and gather attraction with buyers for that reason, especially from New York

Apr 22, 2024 08:55 AM
John Pusa
Glendale, CA

Hello Ed Silva, 203-206-0754 very valuable detailed real estate report for Waterbury, CT.

Apr 20, 2024 04:54 PM
Ed Silva, 203-206-0754

John Pusa   Thank you and thanks for stopping.

Apr 22, 2024 08:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... sounds like Waterbury remains in seller "territory." Same here in much of Charlotte area.

Apr 21, 2024 05:22 AM
Ed Silva, 203-206-0754

Nina Hollander, Broker   It is definitely seller friendly but where they go from here is the real issue.

Apr 22, 2024 08:57 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your excellent local real estate reports.

Apr 21, 2024 08:14 AM
Ed Silva, 203-206-0754

Thanks for stopping to comment Roy Kelley

Apr 22, 2024 08:57 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Those stats look good for Waterbury and I know you stay on top of what is going on in the real estate market there!

Apr 22, 2024 05:38 AM
Ed Silva, 203-206-0754

Brian England   Thanks it is where I lived for so long and still have family there.

Apr 22, 2024 08:58 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

It looks like the real estate market in Waterbury is moving nicely along.        

Apr 23, 2024 03:43 PM