Market Overview: Fairfield, CT

Single Family Properties




April Headlines
Fairfield
  • Year-to-Date median price is down by 8.4%.
  • 3-month unit sales are up 7.7% to 140.
  • Price per square foot in April was $295. This is up 6.1% from $278 in April of 2017.
Nearby Areas You May Be Interested In
  • Days on market in Orange is up by 243.8%.
  • Unit sales in Shelton are up 94.1% to 33.
  • Median price in Orange in April was $342,750. This is up 37.2% from $249,900 in April of 2017.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending April, 2018% Chg From Apr, 2017
Price per Sq Ft for Sold $267 -6.9%
New Listings 482 3.0%
Went To Contract 170 -3.4%
Changes Favoring Sellers
3 Months Ending April, 2018% Chg From Apr, 2017
Unit Sales 140 7.7%
Median Sale Price $577,500 0.8%
Inventory 488 -10.8%
Months of Supply 7.5 -19.8%
Market Time (Days) 105 -0.9%
Sales to List Price Ratio 96.2% 0.3%
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Sales
There were 58 unit sales in April. This is up 9.4% from 53 in April of 2017. This is the highest unit sales have been since 73 in September, 2017. Sales/list price ratio in April moved down to 96.6% from 96.8% in March.

Prices
Median price in April was $570,000. This is down 2.7% from $585,800 in April of 2017. 3-month median price of $577,500 in April was up just slightly from $562,500 in March and up marginally from $572,750 in April of 2017. Price per square foot in April was $295. This is up from $243 in March and up from $278 in April of 2017.

Inventory
Inventory of 547 in April was up 11.6% from 490 in March but down 7.8% from 593 in April of 2017. New listings of 184 in April were up a little from 162 in March and up modestly from 168 in April of 2017. Months of supply of 8.4 in April was up slightly from 7.6 in March but down a little from 10.1 in April of 2017. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since August, 2017.

Market Time
Days on market of 96 in April was down modestly from 110 in March and down slightly from 108 in April of 2017. This is the lowest days on market has been since August, 2017.


Change in Median Sale Price for Single Family Properties YTD From 2017 To 2018 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Redding 22.06%
Norwalk 17.24%
Bridgeport 16.33%
Stratford 13.64%
New Fairfield 10.67%
Newtown 9.00%
New Canaan 6.16%
Stamford 4.88%
Danbury 4.44%
Greenwich 3.61%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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