Is Fairfield County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$574,735
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairfield County was $574,735 in March 2024, up 7.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211.5K | $228.8K | +8.2% |
2 Bedrooms | $350.3K | $380.3K | +8.6% |
3 Bedrooms | $500K | $533K | +6.6% |
4 Bedrooms | $761.2K | $823.2K | +8.2% |
5+ Bedrooms | $1.2M | $1.3M | +9.3% |
Summary: Fairfield County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Counties
Litchfield County | $299.9K | $336.6K | +12.2% |
New Haven County | $305.4K | $335.5K | +9.9% |
Fairfield County | $534.9K | $574.7K | +7.4% |
Putnam County | $450K | $476.7K | +5.9% |
Westchester County | $650.4K | $681K | +4.7% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,284 | 2,422 | +6.0% |
Summary: The Fairfield County real estate market had 2,422 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 137 | 143 | +4.4% |
2 Bedrooms | 413 | 420 | +1.7% |
3 Bedrooms | 654 | 670 | +2.4% |
4 Bedrooms | 595 | 672 | +12.9% |
5+ Bedrooms | 485 | 517 | +6.6% |
Summary: The Fairfield County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 6.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
445 | 529 | +18.9% |
Asking Price vs. Sold Price
181 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
289 Homes Were Sold
Over Asking
Summary: A total of 529 homes were sold or pending in Fairfield County in March 2024, up by 18.9% month-over-month. Of the 529 sold homes, 34% were sold under asking, 11% were sold at asking, and 55% were sold over asking.
Days on Market for Fairfield County, CT
How long does it take to sell a home in Fairfield County, CT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 61 Days | -9.9% |
Summary: Homes in Fairfield County had an average of 61 days on market in Mar 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 529 homes were sold in Fairfield County; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.