Is Ridgefield, 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, Ridgefield has remained a Seller's Market.
Key Takeaway
Ridgefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgefield, CT
How much do homes in Ridgefield, CT cost?
Median Sold Price
$925,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ridgefield have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Ridgefield was $925,000 in March 2024, up 8.1% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $315K | +31.3% |
| 2 Bedrooms | $425K | $582K | +36.9% |
| 3 Bedrooms | $675K | $710K | +5.2% |
| 4 Bedrooms | $990K | $1.1M | +12.3% |
| 5+ Bedrooms | $1.4M | $1.5M | +10.3% |
Summary: Ridgefield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 36.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| South Salem | $672.5K | $825K | +22.7% |
| Wilton | $955K | $1.0M | +9.9% |
| Ridgefield | $855.3K | $925K | +8.1% |
| Danbury | $420K | $423.3K | +0.8% |
| Redding | $799.9K | $789.6K | -1.3% |
Housing Supply in Ridgefield, CT
How many homes are available in Ridgefield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 73 | +21.7% |
Summary: The Ridgefield real estate market had 73 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 21 | 30 | +42.9% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Ridgefield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgefield, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Ridgefield in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for Ridgefield, CT
We’re sorry, we don't have information for this market at the moment
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