$2,968 Closing Credit*
$249,900
813 SqFt
2 Beds
•1 Full Bath
Jonathan Gineo, Listing Office: Silver and Oak Realty
Is New Fairfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Fairfield was a Buyer'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
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,606(+5.9%)
Key Takeaway
Homes in New Fairfield have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in New Fairfield was $530,000 in November 2024, up 5.9% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $297.4K | +23.9% |
| 2 Bedrooms | $385K | $425K | +10.4% |
| 3 Bedrooms | $480K | $510K | +6.3% |
| 4 Bedrooms | $646.2K | $695K | +7.5% |
| 5+ Bedrooms | $824.9K | $885K | +7.3% |
Summary: New Fairfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $480K | $557K | +16.0% |
| New Milford | $410K | $437.5K | +6.7% |
| New Fairfield | $500.3K | $530K | +5.9% |
| Danbury | $421.3K | $440K | +4.4% |
| Patterson | $444.5K | $390K | -12.3% |
Housing Supply in New Fairfield, CT
How many homes are available in New Fairfield, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The New Fairfield real estate market had 52 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Fairfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Fairfield, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in New Fairfield in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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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