Is Norwalk, 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, 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
$580,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Norwalk have sold for 9% more than they did a year ago.
Summary: The median home sold price in Norwalk was $580,000 in March 2024, up 9% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $275K | +3.8% |
| 2 Bedrooms | $375K | $430K | +14.7% |
| 3 Bedrooms | $570K | $600K | +5.3% |
| 4 Bedrooms | $775K | $774K | -0.1% |
| 5+ Bedrooms | $750K | $877.5K | +17.0% |
Summary: Norwalk housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Darien | $1.6M | $1.8M | +11.0% |
| Wilton | $955K | $1.0M | +9.9% |
| New Canaan | $1.6M | $1.8M | +9.6% |
| Norwalk | $532K | $580K | +9.0% |
| Westport | $1.7M | $1.8M | +7.9% |
Housing Supply in Norwalk, CT
How many homes are available in Norwalk, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 205 | 218 | +6.3% |
Summary: The Norwalk real estate market had 218 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 19 | +5.6% |
| 2 Bedrooms | 42 | 48 | +14.3% |
| 3 Bedrooms | 55 | 54 | -1.8% |
| 4 Bedrooms | 63 | 66 | +4.8% |
| 5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Norwalk housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Norwalk in March 2024, up by 18.4% month-over-month. Of the 45 sold homes, 38% were sold under asking, 11% were sold at asking, and 51% 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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