Call or Text (240) SELL-123
Morningside Park

WATERFORD, CT 06385

Real Estate Market Report  ·  Southeastern Connecticut Planning Region County
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 06385

Morningside Park

Market Analysis

Data as of July 2026. Source: Realtor.com.

The WATERFORD, CT real estate market (06385) currently shows 52 active listings, with 35 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 45 days on market compared to 31 days last year.

The median listing price has fallen 7.1% year-over-year, from $599,000 to $556,200.

Whether you are buying or selling in WATERFORD, CT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for WATERFORD, CT 06385 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 15,886  ·  Density: 246.9/mi²  ·  Median household income: $101,994

Typical home value: $299,004  ·  Homeownership: 78.8%

Market Overview

Active Listings
52
⇩ 21.2% vs 66 last year
Pending
35
67% pending ratio
Median Price
$556,200
⇩ 7.1% vs $599,000 last year
Average Price
$660,414
⇩ 14.4% vs $771,761 last year
Days on Market
45
⇧ 45.2% vs 31 days last year

Price Per Square Foot

Median $/sqft
$321
⇩ 6.1% vs $342/sqft last year
Median Home Size
1,732 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 66 last year
  • Days on market: 45 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $556,200 (-7.1% YoY)
  • Average: $660,414 (-14.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.3 miles — 162 listings ($151,669,033 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
06385Waterford, CT 063850.0 mi34$19,859,570$532,475$584,105
06375Quaker Hill, CT 063753.7 mi3$1,098,000$366,000$366,000
06333East Lyme, CT 063335.0 mi30$28,308,120$1,055,000$943,604
06353Montville, CT 063536.9 mi1$260,000$260,000$260,000
06382Uncasville, CT 063827.5 mi13$5,045,573$354,750$388,121
06371Old Lyme, CT 063718.8 mi28$46,663,540$962,500$1,666,555
06339Ledyard, CT 0633910.1 mi18$8,314,092$464,000$461,894
06390Fishers Island, NY 0639010.6 mi1$6,500,000$6,500,000$6,500,000
06426Essex, CT 0642612.6 mi10$12,907,780$1,066,225$1,290,778
06334Bozrah, CT 0633413.0 mi4$1,586,500$394,975$396,625
06409Centerbrook, CT 0640913.7 mi2$2,694,900$1,347,450$1,347,450
06423East Haddam, CT 0642314.3 mi14$17,730,958$1,300,000$1,266,497
06380Taftville, CT 0638015.3 mi4$700,000$175,000$175,000

Frequently Asked Questions

How many homes are for sale in WATERFORD, CT 06385?

As of July 2026, there are 52 active listings in WATERFORD, CT (zip code 06385), compared to 66 the prior year.

What is the median home price in WATERFORD, CT 06385?

The median listing price in WATERFORD, CT 06385 is $556,200 as of July 2026, a 7.1% decrease from $599,000 the prior year.

How long do homes stay on the market in WATERFORD, CT?

Homes in WATERFORD, CT 06385 spend an average of 45 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in WATERFORD, CT 06385?

Based on current inventory and days-on-market data as of July 2026, WATERFORD, CT 06385 is currently a Balanced Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 31 days last year.

How much can I save on real estate commission in WATERFORD, CT?

With SELL123.com's maximum 3% commission, sellers in WATERFORD, CT 06385 save an estimated $11,124 compared to a typical 5% commission on the median listing price of $556,200. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.