Is Danbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Danbury has remained a Seller's Market.
Housing Prices in Danbury, CT
How much do homes in Danbury, CT cost?
Median Sold Price
$426,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Danbury was $426,500 in May 2024, up 0.9% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $190K | +8.6% |
2 Bedrooms | $309.6K | $325K | +5.0% |
3 Bedrooms | $451K | $464K | +2.9% |
4 Bedrooms | $527.5K | $557.5K | +5.7% |
5+ Bedrooms | $560K | $583.5K | +4.2% |
Summary: Danbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
New Fairfield | $485K | $530K | +9.3% |
Brookfield | $490K | $530K | +8.2% |
Ridgefield | $858.4K | $900K | +4.8% |
Bethel | $470K | $478.4K | +1.8% |
Danbury | $422.6K | $426.5K | +0.9% |
Housing Supply in Danbury, CT
How many homes are available in Danbury, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
198 | 224 | +13.1% |
Summary: The Danbury real estate market had 224 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 11 | -8.3% |
2 Bedrooms | 68 | 72 | +5.9% |
3 Bedrooms | 64 | 80 | +25.0% |
4 Bedrooms | 40 | 49 | +22.5% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Danbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 56 | +86.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Danbury in May 2024, up by 86.7% month-over-month. Of the 56 sold homes, 27% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Danbury, CT
We’re sorry, we don't have information for this market at the moment