Is Fairfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Fairfield was a Neutral Market.
Housing Prices in Fairfield, CT
How much do homes in Fairfield, CT cost?
Median Sold Price
$800,623
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fairfield was $800,623 in February 2024, up 4% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243K | $320K | +31.7% |
2 Bedrooms | $420K | $475K | +13.1% |
3 Bedrooms | $630.5K | $700K | +11.0% |
4 Bedrooms | $948.3K | $1.0M | +9.4% |
5+ Bedrooms | $1.4M | $1.6M | +16.9% |
Summary: Fairfield housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
Weston | $1.1M | $1.2M | +9.3% |
Bridgeport | $300K | $325.5K | +8.5% |
Southport | $1.1M | $1.2M | +7.2% |
Fairfield | $769.5K | $800.6K | +4.0% |
Westport | $1.8M | $1.8M | +2.6% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
135 | 156 | +15.6% |
Summary: The Fairfield real estate market had 156 homes for sale in February 2024, a 15.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 40 | 46 | +15.0% |
4 Bedrooms | 49 | 53 | +8.2% |
5+ Bedrooms | 35 | 41 | +17.1% |
Summary: The Fairfield housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
36 | 20 | -44.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Fairfield in February 2024, down by 44.4% month-over-month. Of the 20 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Fairfield, CT
We’re sorry, we don't have information for this market at the moment