Is Fairfield County, 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 County has remained a Seller's Market.
Housing Prices in Fairfield County, CT
How much do homes in Fairfield County, CT cost?
Median Sold Price
$581,710
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairfield County was $581,710 in May 2024, up 8% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $230.1K | +7.1% |
2 Bedrooms | $350.6K | $389.1K | +11.0% |
3 Bedrooms | $505.7K | $537K | +6.2% |
4 Bedrooms | $759.5K | $840.9K | +10.7% |
5+ Bedrooms | $1.2M | $1.3M | +6.8% |
Summary: Fairfield County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
Litchfield County | $300.6K | $340.5K | +13.3% |
New Haven County | $309.8K | $340.3K | +9.8% |
Fairfield County | $538.7K | $581.7K | +8.0% |
Westchester County | $650K | $697.4K | +7.3% |
Putnam County | $450K | $477.4K | +6.1% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,948 | 3,166 | +7.4% |
Summary: The Fairfield County real estate market had 3,166 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 158 | 155 | -1.9% |
2 Bedrooms | 501 | 542 | +8.2% |
3 Bedrooms | 800 | 850 | +6.3% |
4 Bedrooms | 876 | 971 | +10.8% |
5+ Bedrooms | 613 | 648 | +5.7% |
Summary: The Fairfield County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
675 | 700 | +3.7% |
Asking Price vs. Sold Price
178 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
441 Homes Were Sold
Over Asking
Summary: A total of 700 homes were sold or pending in Fairfield County in May 2024, up by 3.7% month-over-month. Of the 700 sold homes, 25% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for Fairfield County, CT
How long does it take to sell a home in Fairfield County, CT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 39 Days | -23.1% |
Summary: Homes in Fairfield County had an average of 39 days on market in May 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 700 homes were sold in Fairfield County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.