Market Overview: Norwalk, CT

Single Family Properties




October Headlines
Norwalk
  • Days on market in October was 104. This is up 19.5% from 87 in October of 2016.
  • 3-month price per square foot is up by 15.8%.
  • Months of supply is down 14.7% to 5.8.
Nearby Areas You May Be Interested In
  • Median price in Fairfield is down 15.2% to $530,000.
  • Inventory in Stamford in October was 453. This is down 9.0% from 498 in October of 2016.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending October, 2017% Chg From Oct, 2016
Unit Sales 178 -7.3%
Market Time (Days) 96 5.5%
Sales to List Price Ratio 96.0% -0.2%
Changes Favoring Sellers
3 Months Ending October, 2017% Chg From Oct, 2016
Median Sale Price $471,000 7.0%
Inventory 348 -13.4%
Months of Supply 6.1 -13.9%
Price per Sq Ft for Sold $277 15.8%
New Listings 224 -4.7%
Went To Contract 163 1.2%
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 60 unit sales in October. This is up 3.4% from 58 in October of 2016. Sales/list price ratio in October moved down to 96.0% from 96.2% in September.

Prices
Median price in October was $483,000. This is up 5.1% from $459,500 in October of 2016. 3-month median price of $471,000 in October was very slightly up from $470,000 in September and up modestly from $440,000 in October of 2016. Price per square foot in October was $257. This is up from $255 in September and up from $241 in October of 2016.

Inventory
Inventory of 333 in October was down 8.3% from 363 in September and down 14.2% from 388 in October of 2016. New listings of 73 in October were down slightly from 86 in September but very slightly up from 71 in October of 2016. Months of supply of 5.8 in October was down modestly from 6.4 in September and down slightly from 6.8 in October of 2016. This is the lowest months of supply has been since March, 2017.

Market Time
Days on market of 104 in October was very slightly up from 101 in September and up modestly from 87 in October of 2016. This is the highest days on market has been since April, 2017.


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
Bridgeport 11.67%
Danbury 10.29%
Norwalk 6.94%
Trumbull 5.69%
Greenwich 5.55%
Bethel 4.79%
Stamford 3.63%
Stratford 3.31%
Darien 2.89%
Westport 2.59%
Data From: SMARTMLS
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