$2,909 Closing Credit*
$245,000
860 SqFt
2 Beds
•1 Full Bath
Carla Moreira, Listing Office: Keller Williams Realty
Is Danbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Danbury has remained a Seller's Market.
Key Takeaway
Danbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Danbury, CT
How much do homes in Danbury, CT cost?
Median Sold Price
$441,312
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,312(+5.1%)
Key Takeaway
Homes in Danbury have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Danbury was $441,312 in October 2024, up 5.1% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $196.2K | +9.0% |
| 2 Bedrooms | $319K | $338K | +6.0% |
| 3 Bedrooms | $450.3K | $475K | +5.5% |
| 4 Bedrooms | $537.5K | $600K | +11.6% |
| 5+ Bedrooms | $600K | $640K | +6.7% |
Summary: Danbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $492.5K | $542.5K | +10.2% |
| New Fairfield | $500.7K | $530K | +5.8% |
| Danbury | $420K | $441.3K | +5.1% |
| Bethel | $468.7K | $490K | +4.5% |
| Ridgefield | $897.5K | $925K | +3.1% |
Housing Supply in Danbury, CT
How many homes are available in Danbury, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 271 | 257 | -5.2% |
Summary: The Danbury real estate market had 257 homes for sale in October 2024, a 5.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 84 | 75 | -10.7% |
| 3 Bedrooms | 99 | 95 | -4.0% |
| 4 Bedrooms | 54 | 52 | -3.7% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Danbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 76 | +18.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danbury, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.
Summary: A total of 76 homes were sold or pending in Danbury in October 2024, up by 18.8% month-over-month. Of the 76 sold homes, 36% were sold under asking, 13% were sold at asking, and 51% were sold over asking.
Days on Market for Danbury, CT
How long does it take to sell a home in Danbury, CT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 34 Days | -20.9% |
Summary: Homes in Danbury had an average of 34 days on market in Oct 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Danbury has remained consistent over time.
Summary: During October 2024, 76 homes were sold in Danbury; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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