$6,828 Closing Credit*
$575,000
1,365 SqFt
2 Beds
•1 Full Bath, 1 Partial
Ari Lee, Listing Office: Sunbelt Sales & Development
Is Fairfield County, 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 County has remained a Seller's Market.
Key Takeaway
Fairfield County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield County, CT
How much do homes in Fairfield County, CT cost?
Median Sold Price
$600,835
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,673(+8.8%)
Key Takeaway
Homes in Fairfield County have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Fairfield County was $600,835 in October 2024, up 8.8% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $245K | +8.9% |
| 2 Bedrooms | $369.5K | $405K | +9.6% |
| 3 Bedrooms | $516.1K | $560K | +8.5% |
| 4 Bedrooms | $799.3K | $850K | +6.4% |
| 5+ Bedrooms | $1.2M | $1.3M | +4.9% |
Summary: Fairfield County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Putnam County | $450.2K | $514.5K | +14.3% |
| New Haven County | $319.5K | $358.3K | +12.1% |
| Westchester County | $655.6K | $731K | +11.5% |
| Litchfield County | $324.7K | $356.7K | +9.9% |
| Fairfield County | $552.1K | $600.8K | +8.8% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,162 | 3,198 | +1.1% |
Summary: The Fairfield County real estate market had 3,198 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 194 | 199 | +2.6% |
| 2 Bedrooms | 562 | 582 | +3.6% |
| 3 Bedrooms | 940 | 948 | +0.9% |
| 4 Bedrooms | 868 | 841 | -3.1% |
| 5+ Bedrooms | 598 | 628 | +5.0% |
Summary: The Fairfield County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 724 | 751 | +3.7% |
Asking Price vs. Sold Price
264 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
396 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield County, you could pay more than the asking price. 52.7% of homes here sold above asking price last month.
Summary: A total of 751 homes were sold or pending in Fairfield County in October 2024, up by 3.7% month-over-month. Of the 751 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 35 Days | -18.8% |
Summary: Homes in Fairfield County had an average of 35 days on market in Oct 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairfield County has remained consistent over time.
Summary: During October 2024, 751 homes were sold in Fairfield County; 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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