Market Overview: Norwalk, CT

Single Family Properties




August Headlines
Norwalk
  • Price per square foot in August was $315. This is up 32.2% from $238 in August of 2016.
  • Unit sales are down by 24.0%.
  • Median price is up 12.4% to $475,000.
Nearby Areas You May Be Interested In
  • 3-month median price in Stamford is up 9.1% to $620,500.
  • 3-month days on market in Stamford in August was 90. This is down 15.9% from 107 in August of 2016.
  • Months of supply in Fairfield is up by 6.3%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 219 -7.2%
Sales to List Price Ratio 96.7% -0.2%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Median Sale Price $475,000 8.0%
Inventory 372 -10.4%
Months of Supply 6.6 -11.0%
Market Time (Days) 77 -19.8%
Price per Sq Ft for Sold $280 6.2%
New Listings 234 -0.8%
Went To Contract 207 1.0%
Click here to see monthly and longer-term averages.

How Much Is Your Home Worth?

Search any house, condo, or coop in the U.S.A.


Sales
There were 57 unit sales in August. This is down 24.0% from 75 in August of 2016. Sales/list price ratio in August moved down to 95.7% from 97.0% in July.

Prices
Median price in August was $475,000. This is up 12.4% from $422,500 in August of 2016. 3-month median price of $475,000 in August was down marginally from $495,000 in July but up a little from $440,000 in August of 2016. Price per square foot in August was $315. This is up from $258 in July and up from $238 in August of 2016.

Inventory
Inventory of 345 in August was down 6.5% from 369 in July and down 11.5% from 390 in August of 2016. New listings of 65 in August were up modestly from 58 in July and up slightly from 61 in August of 2016. Months of supply of 6.1 in August was down a little from 6.4 in July and down modestly from 7 in August of 2016. This is the lowest months of supply has been since March, 2017.

Market Time
Days on market of 85 in August was up slightly from 71 in July but down a little from 87 in August of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Danbury 10.74%
Bridgeport 10.20%
Norwalk 8.05%
Brookfield 7.49%
Stamford 6.37%
Trumbull 6.35%
Stratford 5.88%
Bethel 5.10%
Westport 3.85%
Greenwich 3.75%
Data From: SMARTMLS-CM
Towns with an average of at least 5 sales per month (maximum of 10)
 








movingAverageLegend
School Link School Link School Link Community Link Map Link
Listing NotificationRate WatchSocial MediaCommunityMaps