Is Danbury, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danbury is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Danbury has remained a Seller's Market.

Key Takeaway

Danbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Danbury, CT cost?

Median Sold Price

$401,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$51,000(+14.6%)

Key Takeaway

Homes in Danbury have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $128.7K$168.7K
+31.1%
2 $259.9K$285.1K
+9.7%
3 $380K$440K
+15.8%
4 $474.9K$525K
+10.5%
5+ $470K$513.6K
+9.3%

Median Sold Price Compared To Nearby Cities

Brookfield
+20.8%
Danbury
+14.6%
Bethel
+12.5%
Ridgefield
+7.8%
New Fairfield
+1.3%

How many homes are available in Danbury, CT?

Number of Homes For Sale

Aug 2022Sep 2022%
318287-9.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1814
-22.2%
2 9075
-16.7%
3 124114
-8.1%
4 6060
0.0%
5+ 2624
-7.7%

Number of Homes Sold

Aug 2022Sep 2022%
9372-22.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danbury, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
67 Days72 Days+7.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Danbury has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Danbury, CT

Danbury, CT has 287 homes for sale to choose from. In September 2022 in Danbury, CT there were 9.7% less homes for sale than in August 2022. The median list price of listings available in September 2022 was $401,000, while the average time on the real estate market was 72 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 31.1% more expensive, prices of 2 bedrooms properties increased by 9.7%, prices of 3 bedrooms properties went up by 15.8%, 4 bedrooms properties prices increased by 10.5%, prices of 5 bedrooms properties went up by 9.3%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 22.2%, 2 bedrooms homes inventory decreased by 16.7%, volume of 3 bedrooms homes went down by 8.1%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes went down by 7.7%. In September 2022 more than 32 listings in Danbury, CT were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 30 were sold below.

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