Is Danbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Danbury was a Seller's Market.
Key Takeaway
Danbury is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Danbury, CT
How much do homes in Danbury, CT cost?
Median Sold Price
$425,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Danbury have sold for 1% more than they did a year ago.
Summary: The median home sold price in Danbury was $425,000 in April 2024, up 1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $189.9K | +8.5% |
| 2 Bedrooms | $300.3K | $321.6K | +7.1% |
| 3 Bedrooms | $452.6K | $459.5K | +1.5% |
| 4 Bedrooms | $533.7K | $557.5K | +4.4% |
| 5+ Bedrooms | $550K | $616.5K | +12.1% |
Summary: Danbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| New Fairfield | $475K | $525K | +10.5% |
| Ridgefield | $857.8K | $925K | +7.8% |
| Brookfield | $493.3K | $525.7K | +6.6% |
| Danbury | $420.7K | $425K | +1.0% |
| Bethel | $471.3K | $475K | +0.8% |
Housing Supply in Danbury, CT
How many homes are available in Danbury, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 163 | 194 | +19.0% |
Summary: The Danbury real estate market had 194 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 61 | 64 | +4.9% |
| 3 Bedrooms | 49 | 65 | +32.7% |
| 4 Bedrooms | 30 | 39 | +30.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Danbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 28 | -40.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danbury, you could pay more than the asking price. 60.7% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Danbury in April 2024, down by 40.4% month-over-month. Of the 28 sold homes, 25% were sold under asking, 14% were sold at asking, and 61% were sold over asking.
Days on Market for Danbury, CT
We’re sorry, we don't have information for this market at the moment
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