Is Fairfield, 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 has remained a Seller's Market.
Housing Prices in Fairfield, CT
How much do homes in Fairfield, CT cost?
Median Sold Price
$815,714
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairfield was $815,714 in March 2024, up 6.8% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $320K | +16.4% |
2 Bedrooms | $420K | $480K | +14.3% |
3 Bedrooms | $630K | $705K | +11.9% |
4 Bedrooms | $950K | $1.0M | +8.4% |
5+ Bedrooms | $1.4M | $1.6M | +15.7% |
Summary: Fairfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
Bridgeport | $299.9K | $334.9K | +11.7% |
Weston | $1.1M | $1.2M | +9.6% |
Westport | $1.7M | $1.8M | +7.9% |
Fairfield | $763.5K | $815.7K | +6.8% |
Southport | $1.2M | $1.2M | +1.7% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
158 | 188 | +19.0% |
Summary: The Fairfield real estate market had 188 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 25 | +38.9% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 54 | 60 | +11.1% |
5+ Bedrooms | 42 | 54 | +28.6% |
Summary: The Fairfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 39 | +85.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Fairfield in March 2024, up by 85.7% month-over-month. Of the 39 sold homes, 46% were sold under asking, 5% were sold at asking, and 49% were sold over asking.
Days on Market for Fairfield, CT
We’re sorry, we don't have information for this market at the moment