$4,275 Closing Credit*
$360,000
1,308 SqFt
2 Beds
•1 Full Bath, 1 Partial
Tim Dent, Listing Office: Coldwell Banker Realty
Is Fairfield County, 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 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
$602,790
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,424(+8.5%)
Key Takeaway
Homes in Fairfield County have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Fairfield County was $602,790 in November 2024, up 8.5% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.8K | $250.7K | +12.5% |
| 2 Bedrooms | $371.2K | $405K | +9.1% |
| 3 Bedrooms | $524.6K | $559.9K | +6.7% |
| 4 Bedrooms | $800.1K | $855K | +6.9% |
| 5+ Bedrooms | $1.3M | $1.3M | +5.0% |
Summary: Fairfield County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Counties
| Westchester County | $657.2K | $737.4K | +12.2% |
| New Haven County | $322.2K | $359.9K | +11.7% |
| Putnam County | $456.2K | $508.6K | +11.5% |
| Litchfield County | $324.7K | $358.1K | +10.3% |
| Fairfield County | $555.3K | $602.7K | +8.5% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,233 | 2,791 | -13.7% |
Summary: The Fairfield County real estate market had 2,791 homes for sale in November 2024, a 13.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 196 | 179 | -8.7% |
| 2 Bedrooms | 591 | 525 | -11.2% |
| 3 Bedrooms | 959 | 773 | -19.4% |
| 4 Bedrooms | 859 | 747 | -13.0% |
| 5+ Bedrooms | 628 | 567 | -9.7% |
Summary: The Fairfield County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 786 | 689 | -12.3% |
Asking Price vs. Sold Price
259 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
351 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield County, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.
Summary: A total of 689 homes were sold or pending in Fairfield County in November 2024, down by 12.3% month-over-month. Of the 689 sold homes, 38% were sold under asking, 11% were sold at asking, and 51% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 59 Days | +12.0% |
Summary: Homes in Fairfield County had an average of 59 days on market in Nov 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 689 homes were sold in Fairfield County; 0% 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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