Is Fairfield County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Fairfield County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $225K | +7.1% |
2 Bedrooms | $350.1K | $375.5K | +7.3% |
3 Bedrooms | $500K | $532.4K | +6.5% |
4 Bedrooms | $758K | $821.4K | +8.4% |
5+ Bedrooms | $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 | $299.8K | $333.7K | +11.3% |
New Haven County | $304.9K | $330.3K | +8.3% |
Fairfield County | $534.2K | $571.2K | +6.9% |
Putnam County | $450K | $474.5K | +5.5% |
Westchester County | $650.6K | $678.1K | +4.2% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,150 | 2,213 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 139 | 133 | -4.3% |
2 Bedrooms | 417 | 404 | -3.1% |
3 Bedrooms | 597 | 618 | +3.5% |
4 Bedrooms | 547 | 575 | +5.1% |
5+ Bedrooms | 450 | 483 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
524 | 428 | -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
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