$5,047 Closing Credit*
$425,000
1,590 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kim Kendall, 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 November 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
$440,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,683(+4.4%)
Key Takeaway
Homes in Danbury have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Danbury was $440,000 in November 2024, up 4.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $201K | +11.7% |
| 2 Bedrooms | $320K | $340K | +6.3% |
| 3 Bedrooms | $457.5K | $475K | +3.8% |
| 4 Bedrooms | $535K | $610K | +14.0% |
| 5+ Bedrooms | $591.7K | $616.5K | +4.2% |
Summary: Danbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $480K | $557K | +16.0% |
| Bethel | $465K | $499.9K | +7.5% |
| New Fairfield | $500.3K | $530K | +5.9% |
| Danbury | $421.3K | $440K | +4.4% |
| Ridgefield | $900K | $940K | +4.4% |
Housing Supply in Danbury, CT
How many homes are available in Danbury, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 256 | 217 | -15.2% |
Summary: The Danbury real estate market had 217 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 79 | 71 | -10.1% |
| 3 Bedrooms | 94 | 76 | -19.1% |
| 4 Bedrooms | 51 | 42 | -17.6% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Danbury housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 58 | -29.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danbury, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Danbury in November 2024, down by 29.3% month-over-month. Of the 58 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Danbury, CT
How long does it take to sell a home in Danbury, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Danbury are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 58 homes were sold in Danbury; 2% 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.
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