$10,000 Closing Credit*
$1,200,000
2,588 SqFt
4 Beds
•2 Full Baths, 1 Partial
Katherine Fassman, Listing Office: Higgins Group Real Estate
Is Fairfield, 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, 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
$842,606
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,689(+6.9%)
Key Takeaway
Homes in Fairfield have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Fairfield was $842,606 in October 2024, up 6.9% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | $270.2K | -8.5% |
| 2 Bedrooms | $440K | $472.5K | +7.4% |
| 3 Bedrooms | $662.7K | $726K | +9.5% |
| 4 Bedrooms | $1.0M | $1.1M | +11.2% |
| 5+ Bedrooms | $1.6M | $1.6M | -0.2% |
Summary: Fairfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $310K | $360K | +16.1% |
| Fairfield | $787.9K | $842.6K | +6.9% |
| Southport | $1.2M | $1.2M | +3.2% |
| Weston | $1.2M | $1.3M | +2.5% |
| Westport | $1.8M | $1.8M | -2.0% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 236 | 238 | +0.8% |
Summary: The Fairfield real estate market had 238 homes for sale in October 2024, a 0.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 25 | +56.3% |
| 3 Bedrooms | 87 | 78 | -10.3% |
| 4 Bedrooms | 80 | 79 | -1.3% |
| 5+ Bedrooms | 51 | 54 | +5.9% |
Summary: The Fairfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 56.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 50 | -12.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Fairfield in October 2024, down by 12.3% month-over-month. Of the 50 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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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