$8,550 Closing Credit*
$720,000
2,676 SqFt
3 Beds
•2 Full Baths, 1 Partial
Nancy Thorne, Listing Office: Berkshire Hathaway NE Prop.
Is Fairfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Fairfield has remained a Seller's Market.
Key Takeaway
Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield, CT
How much do homes in Fairfield, CT cost?
Median Sold Price
$840,400
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$55,150(+7.0%)
Key Takeaway
Homes in Fairfield have sold for 7% more than they did a year ago.
Summary: The median home sold price in Fairfield was $840,400 in August 2024, up 7% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $297.5K | +14.9% |
| 2 Bedrooms | $432.5K | $470K | +8.7% |
| 3 Bedrooms | $650K | $725K | +11.5% |
| 4 Bedrooms | $990K | $1.1M | +13.7% |
| 5+ Bedrooms | $1.6M | $1.6M | +1.1% |
Summary: Fairfield housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Southport | $1.1M | $1.3M | +18.6% |
| Bridgeport | $303.8K | $350.5K | +15.4% |
| Fairfield | $785.2K | $840.4K | +7.0% |
| Weston | $1.2M | $1.3M | +6.6% |
| Westport | $1.7M | $1.8M | +5.7% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 271 | 247 | -8.9% |
Summary: The Fairfield real estate market had 247 homes for sale in August 2024, a 8.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 86 | 93 | +8.1% |
| 4 Bedrooms | 98 | 83 | -15.3% |
| 5+ Bedrooms | 64 | 51 | -20.3% |
Summary: The Fairfield housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 20.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 74 | 70 | -5.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 70 homes were sold or pending in Fairfield in August 2024, down by 5.4% month-over-month. Of the 70 sold homes, 31% were sold under asking, 14% were sold at asking, and 54% were sold over asking.
Days on Market for Fairfield, CT
We’re sorry, we don't have information for this market at the moment
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