Waterbury VT Real Estate Market Report: Q3 2023 Overview

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Waterbury, VT Real Estate Report - Q3 2023

In the third quarter of 2023, Waterbury's real estate market showcased a series of intriguing shifts. For single-family homes, there was a decline of 23.81% in properties sold compared to the same period in the previous year. However, the market demonstrated resilience with the average sold price increasing by 9.61% and the median sold price rising by 5.05%. New listings for single-family homes saw a significant reduction, decreasing by 42.31%. Despite this, both the average and median list prices for these homes experienced growth, increasing by 6.05% and 7.42%, respectively. The list-to-sell price ratio for single-family homes improved slightly by 2.52%. In terms of the duration homes spent on the market, the average days decreased by 18.18%, while the median days on the market saw a substantial increase of 66.67%.

In conclusion, while the number of single-family homes sold in Waterbury decreased in Q3 2023, the market reflected a potential appreciation in property values. The rise in both average and median sold prices, coupled with the increase in list prices, suggests a robust demand. However, the significant drop in new listings and the varied time properties spent on the market indicate a complex market dynamic. For those seeking a deeper understanding or insights into specific areas of Waterbury, consulting with local real estate experts is advised.

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