Market Overview: Westport, CT

Single Family Properties




August Headlines
Westport
  • Year-to-Date unit sales are up 14.8% to 303.
  • Median price in August was $1,170,000. This is down 5.5% from $1,237,500 in August of 2016.
  • Days on market is up by 4.5%.
Nearby Areas You May Be Interested In
  • Year-to-Date unit sales in New Canaan are up 25.0% to 170.
  • Median price in New Canaan in August was $1,577,500. This is up 10.7% from $1,425,000 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
Market Time (Days) 126 4.1%
New Listings 211 8.8%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 153 12.5%
Median Sale Price $1,285,000 0.8%
Inventory 413 -1.7%
Months of Supply 12.4 -5.3%
Price per Sq Ft for Sold $370 1.8%
Sales to List Price Ratio 96.4% 0.9%
Went To Contract 116 6.4%
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Sales
There were 55 unit sales in August. This is up 14.6% from 48 in August of 2016. This is the highest unit sales have been since 60 in July, 2015. Sales/list price ratio in August moved up to 96.3% from 95.7% in July.

Prices
Median price in August was $1,170,000. This is down 5.5% from $1,237,500 in August of 2016. This is the lowest median price has been since December, 2016. 3-month median price of $1,285,000 in August was down a little from $1,370,000 in July but up marginally from $1,275,000 in August of 2016. Price per square foot in August was $339. This is down from $378 in July and down from $355 in August of 2016.

Inventory
Inventory of 391 in August was down 6.5% from 418 in July and down 2.0% from 399 in August of 2016. New listings of 52 in August were down moderately from 73 in July but up a little from 46 in August of 2016. Months of supply of 11.7 in August was down slightly from 12.7 in July and down modestly from 12.4 in August of 2016. This is the lowest months of supply has been since January, 2017.

Market Time
Days on market of 117 in August was very slightly up from 115 in July and up marginally from 112 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)
 








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