$10,000 Closing Credit*
$2,400,000
5,481 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kevin Donovan, Listing Office: Compass Connecticut, LLC
Is New 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, New Fairfield has remained a Seller's Market.
Key Takeaway
New Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Fairfield, CT
How much do homes in New Fairfield, CT cost?
Median Sold Price
$530,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,212(+5.8%)
Key Takeaway
Homes in New Fairfield have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in New Fairfield was $530,000 in October 2024, up 5.8% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.7K | $297.4K | +10.7% |
| 2 Bedrooms | $410K | $425K | +3.7% |
| 3 Bedrooms | $482.5K | $507.5K | +5.2% |
| 4 Bedrooms | $649.9K | $677.5K | +4.2% |
| 5+ Bedrooms | $880K | $900K | +2.3% |
Summary: New Fairfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $492.5K | $542.5K | +10.2% |
| New Milford | $410K | $444.9K | +8.5% |
| New Fairfield | $500.7K | $530K | +5.8% |
| Danbury | $420K | $441.3K | +5.1% |
| Patterson | $430K | $402.5K | -6.4% |
Housing Supply in New Fairfield, CT
How many homes are available in New Fairfield, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Summary: The New Fairfield real estate market had 55 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The New Fairfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Fairfield, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in New Fairfield in October 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for New Fairfield, CT
We’re sorry, we don't have information for this market at the moment
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