Is Norwalk, 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, 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
$585,285
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Norwalk have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Norwalk was $585,285 in April 2024, up 9.5% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $275K | +3.8% |
| 2 Bedrooms | $375K | $430K | +14.7% |
| 3 Bedrooms | $574.5K | $620K | +7.9% |
| 4 Bedrooms | $754K | $783K | +3.8% |
| 5+ Bedrooms | $760K | $895K | +17.8% |
Summary: Norwalk housing prices by bedroom type for April 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 7.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Wilton | $950K | $1.1M | +15.8% |
| New Canaan | $1.6M | $1.8M | +13.0% |
| Darien | $1.6M | $1.8M | +9.8% |
| Norwalk | $534.6K | $585.2K | +9.5% |
| Westport | $1.7M | $1.8M | +6.4% |
Housing Supply in Norwalk, CT
How many homes are available in Norwalk, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 233 | 251 | +7.7% |
Summary: The Norwalk real estate market had 251 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 24 | +20.0% |
| 2 Bedrooms | 51 | 45 | -11.8% |
| 3 Bedrooms | 57 | 72 | +26.3% |
| 4 Bedrooms | 73 | 73 | 0.0% |
| 5+ Bedrooms | 32 | 37 | +15.6% |
Summary: The Norwalk 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 decreased by 11.8%, 3 bedroom homes increased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 81 | +80.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you could pay more than the asking price. 67.9% of homes here sold above asking price last month.
Summary: A total of 81 homes were sold or pending in Norwalk in April 2024, up by 80.0% month-over-month. Of the 81 sold homes, 27% were sold under asking, 5% were sold at asking, and 68% 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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