Is Norwalk, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norwalk is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Norwalk has remained a Seller's Market.

Key Takeaway

Norwalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Norwalk, CT cost?

Median Sold Price

$511,365

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$36,365(+7.7%)

Key Takeaway

Homes in Norwalk have sold for 7.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $228.5K$247.5K
+8.3%
2 $335K$365.3K
+9.1%
3 $505K$550K
+8.9%
4 $635K$689K
+8.5%
5+ $820K$730K
-11.0%

Median Sold Price Compared To Nearby Cities

Westport
+25.2%
Wilton
+11.3%
Norwalk
+7.7%
New Canaan
+5.6%
Darien
+1.6%

How many homes are available in Norwalk, CT?

Number of Homes For Sale

Aug 2022Sep 2022%
418365-12.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 3029
-3.3%
2 10497
-6.7%
3 11599
-13.9%
4 11295
-15.2%
5+ 5745
-21.1%

Number of Homes Sold

Aug 2022Sep 2022%
129105-18.6%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwalk, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

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

About Norwalk, CT

Norwalk, CT has 365 homes for sale to choose from. The inventory of homes for sale in Norwalk, CT between August 2022 and September 2022 decreased by 12.7%. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 8.3%, prices of 2 bedrooms properties increased by 9.1%, the cost of 3 bedrooms properties went up by 8.9%, prices of 4 bedrooms properties increased by 8.5%, prices of 5 bedrooms properties decreased by 11%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 3.3%, 2 bedrooms homes inventory decreased by 6.7%, 3 bedrooms homes became 13.9% less available, the quantity of 4 bedrooms homes went down by 15.2%, the quantity of 5 bedrooms homes went down by 21.1%. In September 2022 more than 45 listings in Norwalk, CT were sold above the asking price. During the same period more than 17 listings were sold at asking price, while more than 43 were sold below.

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