Is Fairfield County, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$589,449
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Fairfield County was $589,449 in June 2024, up 9.1% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.1K | $236K | +8.7% |
2 Bedrooms | $350.5K | $397.2K | +13.3% |
3 Bedrooms | $509.8K | $540.5K | +6.0% |
4 Bedrooms | $765K | $848.9K | +11.0% |
5+ Bedrooms | $1.2M | $1.3M | +7.7% |
Summary: Fairfield County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
Litchfield County | $309.4K | $348.3K | +12.6% |
New Haven County | $310.5K | $347K | +11.8% |
Fairfield County | $540.3K | $589.4K | +9.1% |
Westchester County | $650.3K | $699.9K | +7.6% |
Putnam County | $450K | $481.4K | +7.0% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3,299 | 3,279 | -0.6% |
Summary: The Fairfield County real estate market had 3,279 homes for sale in June 2024, a 0.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 162 | 169 | +4.3% |
2 Bedrooms | 564 | 548 | -2.8% |
3 Bedrooms | 895 | 925 | +3.4% |
4 Bedrooms | 999 | 970 | -2.9% |
5+ Bedrooms | 679 | 667 | -1.8% |
Summary: The Fairfield County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 1.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
765 | 790 | +3.3% |
Asking Price vs. Sold Price
215 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
502 Homes Were Sold
Over Asking
Summary: A total of 790 homes were sold or pending in Fairfield County in June 2024, up by 3.3% month-over-month. Of the 790 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 21 Days | -3.9% |
Summary: Homes in Fairfield County had an average of 21 days on market in Jun 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 790 homes were sold in Fairfield County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.