Is Danbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Danbury, CT
How much do homes in Danbury, CT cost?
Median Sold Price
$422,825
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Danbury have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Danbury was $422,825 in November 2023, up 3.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $180K | +5.9% |
| 2 Bedrooms | $287.5K | $320K | +11.3% |
| 3 Bedrooms | $450K | $455K | +1.1% |
| 4 Bedrooms | $525.1K | $536.2K | +2.1% |
| 5+ Bedrooms | $525K | $591.7K | +12.7% |
Summary: Danbury housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Ridgefield | $803.6K | $900K | +12.0% |
| New Fairfield | $470K | $500.3K | +6.5% |
| Danbury | $409.9K | $422.8K | +3.1% |
| Bethel | $470K | $465K | -1.1% |
| Brookfield | $506.2K | $480K | -5.2% |
Housing Supply in Danbury, CT
How many homes are available in Danbury, CT?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 203 | 175 | -13.8% |
Summary: The Danbury real estate market had 175 homes for sale in November 2023, a 13.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 76 | 61 | -19.7% |
| 3 Bedrooms | 69 | 60 | -13.0% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Danbury housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 69 | 37 | -46.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danbury, you could pay more than the asking price. 64.9% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Danbury in November 2023, down by 46.4% month-over-month. Of the 37 sold homes, 22% were sold under asking, 14% were sold at asking, and 65% were sold over asking.
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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.