$10,000 Closing Credit*
$2,295,000
5,291 SqFt
7 Beds
•6 Full Baths
Katie O'Grady, Listing Office: Compass Connecticut, LLC
Is Fairfield, 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, Fairfield has remained a Seller's Market.
Key Takeaway
Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield, CT
How much do homes in Fairfield, CT cost?
Median Sold Price
$853,714
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,514(+8.7%)
Key Takeaway
Homes in Fairfield have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Fairfield was $853,714 in November 2024, up 8.7% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306.7K | $256.5K | -16.4% |
| 2 Bedrooms | $455K | $495K | +8.8% |
| 3 Bedrooms | $675K | $729K | +8.0% |
| 4 Bedrooms | $1.0M | $1.1M | +11.5% |
| 5+ Bedrooms | $1.6M | $1.6M | -0.3% |
Summary: Fairfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $315.3K | $359.8K | +14.1% |
| Fairfield | $785.2K | $853.7K | +8.7% |
| Southport | $1.2M | $1.2M | +4.2% |
| Weston | $1.2M | $1.3M | +1.8% |
| Westport | $1.8M | $1.8M | +0.8% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 236 | 213 | -9.7% |
Summary: The Fairfield real estate market had 213 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 81 | 73 | -9.9% |
| 4 Bedrooms | 81 | 65 | -19.8% |
| 5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The Fairfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 54 | +3.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Fairfield in November 2024, up by 3.8% month-over-month. Of the 54 sold homes, 39% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for Fairfield, CT
We’re sorry, we don't have information for this market at the moment
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