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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Fairfield, CT cost?

Median Sold Price

$750,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$69,558(+10.2%)

Key Takeaway

Homes in Fairfield have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $266K$230K
-13.5%
2 $401.7K$425K
+5.8%
3 $560K$625K
+11.6%
4 $811.9K$925K
+13.9%
5+ $1.3M$1.3M
+4.9%

Median Sold Price Compared To Nearby Cities

Westport
+25.2%
Weston
+17.3%
Fairfield
+10.2%
Bridgeport
+9.0%
Southport
-3.0%

How many homes are available in Fairfield, CT?

Number of Homes For Sale

Aug 2022Sep 2022%
319304-4.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 21
-50.0%
2 2529
+16.0%
3 131126
-3.8%
4 112103
-8.0%
5+ 4945
-8.2%

Number of Homes Sold

Aug 2022Sep 2022%
9163-30.8%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.

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

About Fairfield, CT

Number of homes for sale in Fairfield, CT real estate market have reached 304. Between August 2022 and September 2022, Fairfield, CT real estate market has seen decrease in the number of listings by 4.7%. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 13.5% more cheaper, 2 bedrooms properties prices increased by 5.8%, the cost of 3 bedrooms properties went up by 11.6%, prices of 4 bedrooms properties went up by 13.9%, 5 bedrooms properties prices increased by 4.9%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 50%, volume of 2 bedrooms homes went up by 16%, 3 bedrooms homes became 3.8% less available, number of 4 bedrooms homes decreased by 8%, number of 5 bedrooms homes decreased by 8.2%. In September 2022, from all listings sold in Fairfield, CT there were more than 30 sold above asking price, over 26 sold below and more than 7 were sold right at the asked price.

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