Market Overview: Westport, CT

Single Family Properties




December Headlines
Westport
  • Median price is up by 27.0%.
  • Unit sales are up 24.1% to 36.
  • Year-to-Date new listings in December were 906. This is up 2.7% from 882 in December of 2016.
Nearby Areas You May Be Interested In
  • Days on market in Darien is up by 32.2%.
  • 3-month months of supply in New Canaan is down 30.4% to 11.8.
  • 3-month price per square foot in Fairfield in December was $266. This is down 4.3% from $278 in December 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 December, 2017% Chg From Dec, 2016
Median Sale Price $1,175,000 -4.5%
Price per Sq Ft for Sold $328 -0.5%
Changes Favoring Sellers
3 Months Ending December, 2017% Chg From Dec, 2016
Unit Sales 96 26.3%
Inventory 327 -0.6%
Months of Supply 9.1 -16.4%
Market Time (Days) 119 -7.8%
Sales to List Price Ratio 95.0% 1.4%
New Listings 110 -2.7%
Went To Contract 89 20.3%
Click here to see monthly and longer-term averages.

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Sales
There were 36 unit sales in December. This is up 24.1% from 29 in December of 2016. Sales/list price ratio in December moved down to 95.0% from 95.2% in November.

Prices
Median price in December was $1,212,550. This is up 27.0% from $955,000 in December of 2016. 3-month median price this month is $1,175,000, the same as last month. Price per square foot in December was $309. This is down from $323 in November and down from $328 in December of 2016.

Inventory
Inventory of 272 in December was down 21.2% from 345 in November and down 3.5% from 282 in December of 2016. New listings of 21 in December were way down from 41 in November and down just slightly from 22 in December of 2016. Months of supply of 7.5 in December was down considerably from 9.7 in November and down slightly from 9.3 in December of 2016. On a year-over-year basis, months of supply has been falling for 6 months. This is the lowest months of supply has been since January, 2014.

Market Time
Days on market of 119 in December was down modestly from 127 in November and down a little from 134 in December 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
Bridgeport 13.07%
Danbury 11.11%
Trumbull 6.38%
Greenwich 5.88%
Norwalk 5.11%
Darien 4.35%
Bethel 4.23%
Stamford 2.93%
Monroe 2.88%
Stratford 2.81%
Data From: SMARTMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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