Market Overview: Westport, CT

Single Family Properties




April Headlines
Westport
  • 3-month unit sales are up 15.0% to 92.
  • 3-month days on market in April was 134. This is up 8.1% from 124 in April of 2017.
  • 3-month median price is down by 3.5%.
Nearby Areas You May Be Interested In
  • Unit sales in New Canaan in April were 9. This is down 55.0% from 20 in April of 2017.
  • Days on market in New Canaan is down by 64.5%.
  • New listings in New Canaan are up 38.9% to 75.
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
Median Sale Price $1,337,000 -3.5%
Market Time (Days) 134 8.1%
Price per Sq Ft for Sold $344 -2.6%
Changes Favoring Sellers
3 Months Ending April, 2018% Chg From Apr, 2017
Unit Sales 92 15.0%
Inventory 354 -9.7%
Months of Supply 9.4 -25.1%
Sales to List Price Ratio 96.6% 1.6%
New Listings 291 -4.3%
Click here to see monthly and longer-term averages.

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Sales
There were 36 unit sales in April. This is down 2.7% from 37 in April of 2017. This is the highest unit sales have been since 38 in November, 2017. Sales/list price ratio in April moved down to 96.4% from 97.2% in March.

Prices
Median price in April was $1,296,500. This is up 4.8% from $1,237,500 in April of 2017. 3-month median price of $1,337,000 in April was down marginally from $1,402,500 in March and down just slightly from $1,385,000 in April of 2017. Price per square foot in April was $347. This is up from $341 in March but down from $365 in April of 2017.

Inventory
Inventory of 389 in April was up 13.4% from 343 in March but down 6.9% from 418 in April of 2017. New listings of 105 in April were up a little from 91 in March but down slightly from 112 in April of 2017. Months of supply of 10.4 in April was up modestly from 9.1 in March but down considerably from 13.4 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 October, 2017.

Market Time
Days on market of 127 in April was up slightly from 118 in March but down just slightly from 128 in April of 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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