Is Ridgefield, 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, Ridgefield has remained a Seller's Market.
Housing Prices in Ridgefield, CT
How much do homes in Ridgefield, CT cost?
Median Sold Price
$925,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ridgefield was $925,000 in April 2024, up 7.8% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $241K | $315K | +30.7% |
2 Bedrooms | $454K | $585K | +28.9% |
3 Bedrooms | $674.7K | $758.2K | +12.4% |
4 Bedrooms | $990K | $1.1M | +12.3% |
5+ Bedrooms | $1.4M | $1.5M | +5.9% |
Summary: Ridgefield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
South Salem | $695K | $821K | +18.1% |
Wilton | $950K | $1.1M | +15.8% |
Ridgefield | $857.8K | $925K | +7.8% |
Danbury | $420.7K | $425K | +1.0% |
Redding | $802.5K | $790.3K | -1.5% |
Housing Supply in Ridgefield, CT
How many homes are available in Ridgefield, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 101 | +23.2% |
Summary: The Ridgefield real estate market had 101 homes for sale in April 2024, a 23.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The Ridgefield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Ridgefield in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 28% were sold under asking, 33% were sold at asking, and 39% were sold over asking.
Days on Market for Ridgefield, CT
How long does it take to sell a home in Ridgefield, CT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
151 Days | 17 Days | -88.7% |
Summary: Homes in Ridgefield had an average of 17 days on market in Apr 2024, down by 88.7% compared to last year.
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
Summary: During April 2024, 18 homes were sold in Ridgefield; 6% 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.