Is New 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, New Fairfield has remained a Seller's Market.
Housing Prices in New Fairfield, CT
How much do homes in New Fairfield, CT cost?
Median Sold Price
$525,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Fairfield was $525,000 in April 2024, up 10.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $232.5K | -13.9% |
2 Bedrooms | $304K | $415K | +36.5% |
3 Bedrooms | $452.5K | $504K | +11.4% |
4 Bedrooms | $642.5K | $641.5K | -0.1% |
5+ Bedrooms | $730K | $880K | +20.5% |
Summary: New Fairfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 36.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
Patterson | $398K | $444.5K | +11.7% |
New Fairfield | $475K | $525K | +10.5% |
New Milford | $390K | $427.9K | +9.7% |
Brookfield | $493.3K | $525.7K | +6.6% |
Danbury | $420.7K | $425K | +1.0% |
Housing Supply in New Fairfield, CT
How many homes are available in New Fairfield, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 49 | 0.0% |
Summary: The New Fairfield real estate market had 49 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The New Fairfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in New Fairfield in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for New Fairfield, CT
How long does it take to sell a home in New Fairfield, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in New Fairfield; 8% 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.