Waterbury, CT

Waterbury is a city located in the state of Connecticut. According to the 2010 census, the population of Waterbury was 108,827. The city is home to numerous businesses and institutions, including Yale University and Trinity College. Waterbury is also known for its real estate market, which has seen significant growth in recent years.

The real estate market in Waterbury has seen significant growth in recent years. In 2016, the median sale price for homes in Waterbury was $269,000. This represents a 54% increase from the median sale price of $158,000 recorded in 2012. The average sales price for homes in Waterbury increased by 49% between 2012 and 2016.

One reason for this increase in real estate prices is that there are a number of new developments underway in Waterbury. These developments include The Shops at Westfield Fairfield County Mall and The Commons at Westfield Fairfield Town Center mall. These malls are expected to bring much-needed jobs and economic growth to the city. Additionally, new construction projects such as Park Place Apartments and The Residences at Whitney Point are also contributing to the increase in real estate prices in Waterbury.

Despite this positive trend, there are still areas of the city where housing remains affordable relative to other areas of Connecticut or other parts of New England. For example, according to Zillow’s 2018 Home Value Index report, the median home value within a 10-mile radius of downtown Waterbury is $287K compared with $539K within a 10-mile radius of Hartford or Boston (Zillow 2018). This indicates that housing remains relatively affordable compared with other areas of Connecticut or other parts of New England despite increasing prices overall over recent years