Is Fairfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairfield has remained a Seller's Market.
Key Takeaway
Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield, CT
How much do homes in Fairfield, CT cost?
Median Sold Price
$810,916
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairfield have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Fairfield was $810,916 in April 2024, up 5.6% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $331K | +27.8% |
| 2 Bedrooms | $425K | $475K | +11.8% |
| 3 Bedrooms | $624.6K | $705K | +12.9% |
| 4 Bedrooms | $960K | $1.0M | +9.4% |
| 5+ Bedrooms | $1.4M | $1.6M | +18.2% |
Summary: Fairfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $300K | $335.5K | +11.8% |
| Weston | $1.1M | $1.2M | +6.8% |
| Westport | $1.7M | $1.8M | +6.4% |
| Fairfield | $767.7K | $810.9K | +5.6% |
| Southport | $1.2M | $1.2M | +1.9% |
Housing Supply in Fairfield, CT
How many homes are available in Fairfield, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 199 | 256 | +28.6% |
Summary: The Fairfield real estate market had 256 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 52 | 76 | +46.2% |
| 4 Bedrooms | 66 | 88 | +33.3% |
| 5+ Bedrooms | 55 | 62 | +12.7% |
Summary: The Fairfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 58 | +45.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you could pay more than the asking price. 53.4% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Fairfield in April 2024, up by 45.0% month-over-month. Of the 58 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% were sold over asking.
Days on Market for Fairfield, CT
We’re sorry, we don't have information for this market at the moment
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