Is Waterford, CT 06385 a buyer’s or seller’s market?

The Waterford housing market right now

In the three months ending August 31, 2026, 61% of homes in Waterford, CT 06385 sold above their list price, the typical home went under contract in 39 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 77 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (61% then), homes sold more slowly (37 days then) and the median sale price rose 19% to $474,795. Overall, Waterford is about as competitive as it was a year ago.

Within New London County, homes here sell more slowly than in 74% of the county’s ZIP codes, and sell more often over asking than in 74%. On our competition score, Waterford ranks #94 of 197 CT ZIP codes with enough sales (score 85 out of 100).

Nearby, buyers who want less competition could look at Hadlyme 06439 (0% sold over asking) or Hanover 06350 (0% sold over asking), while Uncasville 06382 (75% sold over asking) and Voluntown 06384 (73% sold over asking) are even more competitive.