Is New Fairfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$525,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Fairfield have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in New Fairfield was $525,000 in April 2024, up 10.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $232.5K | -13.9% |
| 2 Bedrooms | $304K | $415K | +36.5% |
| 3 Bedrooms | $452.5K | $504K | +11.4% |
| 4 Bedrooms | $642.5K | $641.5K | -0.1% |
| 5+ Bedrooms | $730K | $880K | +20.5% |
Summary: New Fairfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 36.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Patterson | $398K | $444.5K | +11.7% |
| New Fairfield | $475K | $525K | +10.5% |
| New Milford | $390K | $427.9K | +9.7% |
| Brookfield | $493.3K | $525.7K | +6.6% |
| Danbury | $420.7K | $425K | +1.0% |
Housing Supply in New Fairfield, CT
How many homes are available in New Fairfield, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Summary: The New Fairfield real estate market had 49 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The New Fairfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Fairfield, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in New Fairfield in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for New Fairfield, CT
How long does it take to sell a home in New Fairfield, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Fairfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in New Fairfield; 8% 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.
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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.