Market Overview: Westport, CT

Single Family Properties




October Headlines
Westport
  • Price per square foot is up 17.6% to $372.
  • Unit sales in October were 21. This is down 19.2% from 26 in October of 2016.
  • Days on market is down by 22.2%.
Nearby Areas You May Be Interested In
  • Days on market in Darien is up 33.6% to 147.
  • Days on market in New Canaan in October was 179. This is up 34.6% from 133 in October of 2016.
  • Median price in Fairfield is down by 15.2%.
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
Median Sale Price $1,212,000 -3.4%
New Listings 193 11.6%
Changes Favoring Sellers
3 Months Ending October, 2017% Chg From Oct, 2016
Unit Sales 111 13.3%
Inventory 377 -3.6%
Months of Supply 11.1 -14.0%
Market Time (Days) 114 -0.9%
Price per Sq Ft for Sold $355 4.7%
Sales to List Price Ratio 95.4% 2.0%
Went To Contract 105 40.0%
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 21 unit sales in October. This is down 19.2% from 26 in October of 2016. This is the lowest unit sales have been since 17 in February, 2017. Sales/list price ratio in October moved up to 94.8% from 94.6% in September.

Prices
Median price in October was $1,375,000. This is down 7.7% from $1,489,500 in October of 2016. This is the highest median price has been since May, 2017. 3-month median price of $1,212,000 in October was down marginally from $1,267,550 in September and down a little from $1,255,000 in October of 2016. Price per square foot in October was $372. This is up from $367 in September and up from $316 in October of 2016.

Inventory
Inventory of 350 in October was down 9.8% from 388 in September and down 4.4% from 366 in October of 2016. New listings of 48 in October were down substantially from 93 in September and down slightly from 51 in October of 2016. Months of supply of 10.3 in October was down a little from 11.3 in September and down modestly from 12.1 in October of 2016. On a year-over-year basis, months of supply has been falling for 4 months. This is the lowest months of supply has been since January, 2017.

Market Time
Days on market of 105 in October was down slightly from 123 in September and down considerably from 135 in October of 2016. This is the lowest days on market has been since September, 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
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