Q2-2024
MARKET REPORT
EXECUTIVE SUMMARY
The real estate market was marked by low inventory and rising property values during the second quarter of 2024. Demand continues to outpace supply in many communities across Fairfield County, driving competitive bidding and notable price increases.
Seller reluctance to list, driven by a lack of inventory and hesitancy to trade their historically low interest rates, further fueled the listing shortage. Sellers remain firmly in the driver's seat, benefiting from favorable market conditions and the potential for significant returns on their investments. Proper pricing remains critical. Overinflated prices risk rejection from savvy buyers who prioritize value. Sellers are advised to strategically price properties to align with market realities and buyer expectations to achieve success.
As we enter the third quarter of 2024, Fairfield County stands out as highly desirable destinations for buyers. Our communities offer natural beauty, diverse housing opportunities, and a pleasant quality of life.
With Warm Regards,
Liz Nunan President and CEO
TABLE OF CONTENTS
SECOND QUARTER 2024
FAIRFIELD COUNTY
Single Family Homes Overview
GREENWICH
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Greenwich MLS, Residential / Single Family Homes * Homes sold for 2024 are annualized based on actual sales year-to-date
GREENWICH
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
$10,000,000
Source : Greenwich MLS, Residential / Single Family Homes
STAMFORD
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
STAMFORD
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
DARIEN
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes * Homes sold for 2024are annualized based on the actual sales year-to-date
DARIEN
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
NEW CANAAN
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes * Homes sold for 2024are annualized based on the actual sales year-to-date
NEW CANAAN
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
NORWALK
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
NORWALK
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
WESTPORT
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes * Homes sold for 2024are annualized based on the actual sales year-to-date
WESTPORT
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
FAIRFIELD
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes
FAIRFIELD
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
BRIDGEPORT
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
BRIDGEPORT
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
STRATFORD
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
STRATFORD
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
WILTON
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes * Homes sold for 2024are annualized based on the actual sales year-to-date
WILTON
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
WESTON
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes * Homes sold for 2024are annualized based on the actual sales year-to-date
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
WESTON
SECOND QUARTER
2024
OF JUNE 30, 2023
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
EASTON
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
EASTON
SECOND
QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
TRUMBULL
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
TRUMBULL
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
SHELTON
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
SHELTON
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
$1,000,000
$2,000,000
Source : Smart MLS, Single Family Homes
RIDGEFIELD
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes * Homes sold for 2024are annualized based on the actual sales year-to-date
RIDGEFIELD
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
REDDING
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
REDDING
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
MONROE
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
MONROE
SECOND QUARTER
2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
DANBURY
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
DANBURY
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
BETHEL
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
BETHEL
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
NEWTOWN
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
NEWTOWN
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
NEW FAIRFIELD
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
NEW FAIRFIELD
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
BROOKFIELD
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
BROOKFIELD
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
SHERMAN
SECOND QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
SHERMAN
SECOND QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF JUNE 30, 2024
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
OF JUNE 30, 2023
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