Is Fairfield, 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, Fairfield has remained a Seller's Market.
Housing Prices in Fairfield, CT
How much do homes in Fairfield, CT cost?
Median Sold Price
$808,055
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairfield was $808,055 in May 2024, up 3.3% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $331K | +27.8% |
2 Bedrooms | $422.5K | $479K | +13.4% |
3 Bedrooms | $630K | $705K | +11.9% |
4 Bedrooms | $993.7K | $1.0M | +5.1% |
5+ Bedrooms | $1.4M | $1.6M | +13.0% |
Summary: Fairfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Bridgeport | $300.2K | $340K | +13.2% |
Weston | $1.1M | $1.3M | +8.8% |
Westport | $1.7M | $1.8M | +6.5% |
Fairfield | $782.5K | $808K | +3.3% |
Southport | $1.2M | $1.2M | +1.8% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
250 | 263 | +5.2% |
Summary: The Fairfield real estate market had 263 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 32 | 28 | -12.5% |
3 Bedrooms | 76 | 76 | 0.0% |
4 Bedrooms | 88 | 97 | +10.2% |
5+ Bedrooms | 54 | 60 | +11.1% |
Summary: The Fairfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 52 | -11.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Fairfield in May 2024, down by 11.9% month-over-month. Of the 52 sold homes, 23% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Fairfield, CT
We’re sorry, we don't have information for this market at the moment