Is Fairfield County, 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 County has remained a Seller's Market.
Key Takeaway
Fairfield County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield County, CT
How much do homes in Fairfield County, CT cost?
Median Sold Price
$579,842
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairfield County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Fairfield County was $579,842 in April 2024, up 7.8% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.7K | $229.8K | +8.5% |
| 2 Bedrooms | $350.1K | $384.9K | +9.9% |
| 3 Bedrooms | $503.6K | $537.2K | +6.7% |
| 4 Bedrooms | $761.7K | $831.8K | +9.2% |
| 5+ Bedrooms | $1.2M | $1.3M | +7.8% |
Summary: Fairfield County 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 9.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Counties
| Litchfield County | $299.9K | $340K | +13.3% |
| New Haven County | $309.2K | $339.7K | +9.9% |
| Fairfield County | $537.9K | $579.8K | +7.8% |
| Putnam County | $450K | $479.2K | +6.5% |
| Westchester County | $650K | $686.4K | +5.6% |
Housing Supply in Fairfield County, CT
How many homes are available in Fairfield County, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,547 | 2,899 | +13.8% |
Summary: The Fairfield County real estate market had 2,899 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 146 | 159 | +8.9% |
| 2 Bedrooms | 446 | 473 | +6.1% |
| 3 Bedrooms | 692 | 780 | +12.7% |
| 4 Bedrooms | 719 | 871 | +21.1% |
| 5+ Bedrooms | 544 | 616 | +13.2% |
Summary: The Fairfield County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 552 | 652 | +18.1% |
Asking Price vs. Sold Price
206 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
375 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield County, you could pay more than the asking price. 57.5% of homes here sold above asking price last month.
Summary: A total of 652 homes were sold or pending in Fairfield County in April 2024, up by 18.1% month-over-month. Of the 652 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Fairfield County, CT
How long does it take to sell a home in Fairfield County, CT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 142 Days | 48 Days | -65.6% |
Summary: Homes in Fairfield County had an average of 48 days on market in Apr 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 652 homes were sold in Fairfield County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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