$4,868 Closing Credit*
$409,900
1,050 SqFt
2 Beds
•1 Full Bath, 1 Partial
Rosa Careccia, Listing Office: Berkshire Hathaway NE Prop.
Is Norwalk, 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, 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.
Housing Prices in Norwalk, CT
How much do homes in Norwalk, CT cost?
Median Sold Price
$610,339
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$60,339(+11.0%)
Key Takeaway
Homes in Norwalk have sold for 11% more than they did a year ago.
Summary: The median home sold price in Norwalk was $610,339 in August 2024, up 11% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.5K | $275K | 0.2% |
| 2 Bedrooms | $391K | $435K | +11.3% |
| 3 Bedrooms | $579.7K | $640.6K | +10.5% |
| 4 Bedrooms | $700K | $850K | +21.4% |
| 5+ Bedrooms | $820K | $950K | +15.9% |
Summary: Norwalk housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| New Canaan | $1.6M | $1.9M | +19.6% |
| Norwalk | $550K | $610.3K | +11.0% |
| Wilton | $1.0M | $1.1M | +9.8% |
| Darien | $1.7M | $1.9M | +6.6% |
| Westport | $1.7M | $1.8M | +5.7% |
Housing Supply in Norwalk, CT
How many homes are available in Norwalk, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 274 | 277 | +1.1% |
Summary: The Norwalk real estate market had 277 homes for sale in August 2024, a 1.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 27 | +28.6% |
| 2 Bedrooms | 69 | 70 | +1.4% |
| 3 Bedrooms | 70 | 70 | 0.0% |
| 4 Bedrooms | 83 | 76 | -8.4% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The Norwalk housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 60 | 84 | +40.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you could pay more than the asking price. 70.2% of homes here sold above asking price last month.
Summary: A total of 84 homes were sold or pending in Norwalk in August 2024, up by 40.0% month-over-month. Of the 84 sold homes, 21% were sold under asking, 8% were sold at asking, and 70% were sold over asking.
Days on Market for Norwalk, CT
We’re sorry, we don't have information for this market at the moment
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