$7,707 Closing Credit*
$649,000
1,703 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ryan Loechner, Listing Office: eXp Realty
Is Norwalk, 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, 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
$614,933
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,933(+8.1%)
Key Takeaway
Homes in Norwalk have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Norwalk was $614,933 in November 2024, up 8.1% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $288.7K | +8.1% |
| 2 Bedrooms | $401.4K | $440K | +9.6% |
| 3 Bedrooms | $598.7K | $644K | +7.6% |
| 4 Bedrooms | $732.5K | $845K | +15.4% |
| 5+ Bedrooms | $875K | $985K | +12.6% |
Summary: Norwalk housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| New Canaan | $1.7M | $1.9M | +12.5% |
| Wilton | $1.0M | $1.1M | +9.5% |
| Norwalk | $569K | $614.9K | +8.1% |
| Darien | $1.8M | $1.9M | +5.5% |
| Westport | $1.8M | $1.8M | +0.8% |
Housing Supply in Norwalk, CT
How many homes are available in Norwalk, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 286 | 241 | -15.7% |
Summary: The Norwalk real estate market had 241 homes for sale in November 2024, a 15.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 20 | -23.1% |
| 2 Bedrooms | 70 | 59 | -15.7% |
| 3 Bedrooms | 69 | 54 | -21.7% |
| 4 Bedrooms | 86 | 73 | -15.1% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Norwalk housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 63 | -14.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you could pay more than the asking price. 60.3% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in Norwalk in November 2024, down by 14.9% month-over-month. Of the 63 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Norwalk, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.