$9,138 Closing Credit*
$769,550
2,053 SqFt
3 Beds
•2 Full Baths
Susan Hanson, Listing Office: William Raveis Real Estate
Is Norwalk, 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, Norwalk has remained a Seller's Market.
Key Takeaway
Norwalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwalk, CT
How much do homes in Norwalk, CT cost?
Median Sold Price
$617,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,142(+10.2%)
Key Takeaway
Homes in Norwalk have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Norwalk was $617,000 in October 2024, up 10.2% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $275K | 0.0% |
| 2 Bedrooms | $401K | $440K | +9.7% |
| 3 Bedrooms | $585K | $645.5K | +10.3% |
| 4 Bedrooms | $727.5K | $833K | +14.5% |
| 5+ Bedrooms | $880K | $943.5K | +7.2% |
Summary: Norwalk housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| New Canaan | $1.7M | $1.9M | +16.8% |
| Norwalk | $559.8K | $617K | +10.2% |
| Wilton | $1.0M | $1.1M | +10.1% |
| Darien | $1.7M | $1.9M | +7.7% |
| Westport | $1.8M | $1.8M | -2.0% |
Housing Supply in Norwalk, CT
How many homes are available in Norwalk, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 288 | 279 | -3.1% |
Summary: The Norwalk real estate market had 279 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 28 | +16.7% |
| 2 Bedrooms | 75 | 71 | -5.3% |
| 3 Bedrooms | 69 | 66 | -4.3% |
| 4 Bedrooms | 83 | 78 | -6.0% |
| 5+ Bedrooms | 37 | 36 | -2.7% |
Summary: The Norwalk housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 2.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 72 | 0.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Norwalk in October 2024, the same as the previous month. Of the 72 sold homes, 32% were sold under asking, 6% were sold at asking, and 63% were sold over asking.
Days on Market for Norwalk, CT
We’re sorry, we don't have information for this market at the moment
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