Is New 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, 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
$505,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Fairfield have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in New Fairfield was $505,000 in March 2024, up 5.5% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $240K | -4.0% |
| 2 Bedrooms | $304K | $415K | +36.5% |
| 3 Bedrooms | $459K | $490K | +6.8% |
| 4 Bedrooms | $645K | $642.3K | -0.4% |
| 5+ Bedrooms | $730K | $960K | +31.5% |
Summary: New Fairfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 36.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Patterson | $399K | $444.5K | +11.4% |
| New Milford | $390K | $422.5K | +8.3% |
| New Fairfield | $478.7K | $505K | +5.5% |
| Brookfield | $500K | $515.5K | +3.1% |
| Danbury | $420K | $423.3K | +0.8% |
Housing Supply in New Fairfield, CT
How many homes are available in New Fairfield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The New Fairfield real estate market had 47 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 14 | 21 | +50.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The New 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 14.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Fairfield, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in New Fairfield in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for New Fairfield, CT
We’re sorry, we don't have information for this market at the moment
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