Is Danbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Danbury has remained a Seller's Market.
Housing Prices in Danbury, CT
How much do homes in Danbury, CT cost?
Median Sold Price
$423,375
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Danbury was $423,375 in March 2024, up 0.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $189.9K | +8.5% |
2 Bedrooms | $300K | $320K | +6.7% |
3 Bedrooms | $458.9K | $459K | 0.0% |
4 Bedrooms | $530K | $552.5K | +4.2% |
5+ Bedrooms | $555K | $583.5K | +5.1% |
Summary: Danbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Ridgefield | $855.3K | $925K | +8.1% |
New Fairfield | $478.7K | $505K | +5.5% |
Bethel | $469K | $485K | +3.4% |
Brookfield | $500K | $515.5K | +3.1% |
Danbury | $420K | $423.3K | +0.8% |
Housing Supply in Danbury, CT
How many homes are available in Danbury, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 153 | +1.3% |
Summary: The Danbury real estate market had 153 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 9 | -10.0% |
2 Bedrooms | 60 | 54 | -10.0% |
3 Bedrooms | 44 | 50 | +13.6% |
4 Bedrooms | 27 | 27 | 0.0% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Danbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Danbury in March 2024, up by 25.7% month-over-month. Of the 44 sold homes, 36% were sold under asking, 11% were sold at asking, and 52% were sold over asking.
Days on Market for Danbury, CT
How long does it take to sell a home in Danbury, 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
Summary: During March 2024, 44 homes were sold in Danbury; 2% 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.