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 September 2021

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.

How much do homes in Fairfield County, CT cost?

Median Sold Price

$514,976

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$24,649(+5.0%)

Key Takeaway

Homes in Fairfield County have sold for 5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $185.1K$199.9K
+8.0%
2 $307.8K$340K
+10.5%
3 $437.9K$481.9K
+10.0%
4 $676.6K$721.8K
+6.7%
5+ $1.1M$1.1M
-3.8%

Median Sold Price Compared To Nearby Counties

Putnam County
+13.6%
New Haven County
+10.6%
Litchfield County
+8.5%
Fairfield County
+5.0%
Westchester County
0.3%

How many homes are available in Fairfield County, CT?

Number of Homes For Sale

Aug 2022Sep 2022%
4,4564,003-10.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 236224
-5.1%
2 728658
-9.6%
3 1,3551,247
-8.0%
4 1,2631,091
-13.6%
5+ 874783
-10.4%

Number of Homes Sold

Aug 2022Sep 2022%
1,256968-22.9%

Asking Price vs. Sold Price

387 Homes Were Sold
Under Asking

135 Homes Were Sold
At Asking

446 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. 46.1% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
48 Days41 Days-15.2%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fairfield County has remained consistent over time.

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

About Fairfield County, CT

Fairfield County, CT has 4,003 homes on the market. In September 2022 in Fairfield County, CT there were 10.2% less homes for sale than in August 2022. While the average time on the market in September 2022 was 41 days, the median list price was $514,976. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 8%, prices of 2 bedrooms properties went up by 10.5%, 3 bedrooms properties became 10% more expensive, 4 bedrooms properties became 6.7% more expensive, 5 bedrooms properties prices decreased by 3.8%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 5.1%, 2 bedrooms homes became 9.6% less available, number of 3 bedrooms homes decreased by 8%, 4 bedrooms homes became 13.6% less available, 5 bedrooms homes inventory decreased by 10.4%. Fairfield County, CT housing market in September 2022 saw over 446 listings sold above listed price, more than 135 sold at listed price and over 387 sold below.

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