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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield County is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Fairfield County, CT

How much do homes in Fairfield County, CT cost?

Median Sold Price

$571,275

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$37,019(+6.9%)

Key Takeaway

Homes in Fairfield County have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Fairfield County was $571,275 in February 2024, up 6.9% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $210K$225K
+7.1%
2 $350.1K$375.5K
+7.3%
3 $500K$532.4K
+6.5%
4 $758K$821.4K
+8.4%
5+ $1.2M$1.3M
+12.5%

Summary: Fairfield County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Counties

Litchfield County
+11.3%
New Haven County
+8.3%
Fairfield County
+6.9%
Putnam County
+5.5%
Westchester County
+4.2%

Housing Supply in Fairfield County, CT

How many homes are available in Fairfield County, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,1502,213+2.9%

Summary: The Fairfield County real estate market had 2,213 homes for sale in February 2024, a 2.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 139133
-4.3%
2 417404
-3.1%
3 597618
+3.5%
4 547575
+5.1%
5+ 450483
+7.3%

Summary: The Fairfield County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
524428-18.3%

Asking Price vs. Sold Price

150 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

225 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield County, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Summary: A total of 428 homes were sold or pending in Fairfield County in February 2024, down by 18.3% month-over-month. Of the 428 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.

Days on Market for Fairfield County, CT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 18 Days Ago

Newest Listings in Fairfield County, CT

Nearby Markets to Fairfield County, CT

What housing markets are near Fairfield County, CT?