$6,293 Closing Credit*
$529,900
1,732 SqFt
3 Beds
•2 Full Baths
Davis Owen, Listing Office: Davis Owen Real Estate
Is New Fairfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, New Fairfield has remained a Seller's Market.
Key Takeaway
New Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Fairfield, CT
How much do homes in New Fairfield, CT cost?
Median Sold Price
$535,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,000(+7.0%)
Key Takeaway
Homes in New Fairfield have sold for 7% more than they did a year ago.
Summary: The median home sold price in New Fairfield was $535,000 in August 2024, up 7% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $292.4K | +21.9% |
| 2 Bedrooms | $412.5K | $450K | +9.1% |
| 3 Bedrooms | $475K | $507.5K | +6.8% |
| 4 Bedrooms | $675K | $665K | -1.5% |
| 5+ Bedrooms | $872.4K | $875K | 0.3% |
Summary: New Fairfield housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| New Milford | $405.5K | $444.9K | +9.7% |
| New Fairfield | $500K | $535K | +7.0% |
| Brookfield | $500K | $530K | +6.0% |
| Danbury | $420K | $442.4K | +5.3% |
| Patterson | $420.5K | $401K | -4.6% |
Housing Supply in New Fairfield, CT
How many homes are available in New Fairfield, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 72 | 65 | -9.7% |
Summary: The New Fairfield real estate market had 65 homes for sale in August 2024, a 9.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The New Fairfield housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Fairfield, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in New Fairfield in August 2024, up by 5.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for New Fairfield, CT
How long does it take to sell a home in New Fairfield, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Fairfield are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 21 homes were sold in New Fairfield; 5% 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.
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