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Market Trends For Waterbury CT's East End, Zip 06705 May 21, 2024

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Real Estate Agent with Mapleridge Realty, CT 203-206-0754

Market Trends For Waterbury CT's East End, Zip 06705 May 21, 2024

 

The East End of Waterbury CT is highly residential and is also the preferred side of town for people that need to commute to Hartford. Many fine neighborhoods encompass the East End such as Fairlawn, Pierpont and East End.

 Market Trends For Waterbury CT's East End, Zip 06705 May 21, 2024

There are currently 14 active listings in the 06705 zip code with the average value of the homes for sale in Waterbury's 06705 zip code available for sale is $292,100  with average days in market of 15.

Also, there are currently 26 properties under a pending status contract or hard deposit. 

For the year 2023 there were 159 closed listings in the 06705-zip code of Waterbury with an average sales price of $241,209 and days on market of 38.  The homes also sold at an average of 101% of list price. 

Through the current period of 2024, there have been 49 closings with an average sales price of $252,578 and average days on market of 31. This represents an increase in values of 5% over the value for 2023.

 

Sold prices were at 102% of list so little to no room is there for negotiations and activity is brisk on new listings. It also demonstrates that new listings are being priced to market conditions.

 

 

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 zip code 06705, 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 zip code 06705 of Waterbury CT.

 

 

Market Trends For Waterbury CT's East End, Zip 06705 May 21, 2024 

Posted by

 

Edward (Ed) Silva

 Broker Associate

Mapleridge Realty LLC

Serving Central Connecticut Sellers and Buyers

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Show All Comments Sort:
Roy Kelley
Retired - Gaithersburg, MD

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

May 21, 2024 08:48 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed and always interesting what other areas of the country market looks like.  Thanks for sharing.

 

May 21, 2024 10:19 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Ed looks like the year over year home prices have slowed down a little, but they are still going up.

May 21, 2024 10:36 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva, 203-206-0754  Excellent market report as always 

May 21, 2024 12:46 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed:

You've painted a thorough picture of what's happening in the Waterbury 06705 housing market so buyers and sellers know what they have to deal with (e.g., limited negotiations, quick activity on new listings). But of course getting your guidance, too, will help with their buying and selling decisions.

Jeff

May 21, 2024 01:57 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed- in reading your report, buyers can see that if they find a home they're interested in, they should not wait. 

May 21, 2024 07:07 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I agree with Kathy Streib when buyers find a place that they love, they need to jump on it and not wait.

May 22, 2024 04:40 AM
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

To us under $300K is Still affordable housing - looks like you can get that in Waterbury CT - thanks for sharing Ed.

Sincerely,

Grace

May 22, 2024 12:50 PM