Q3-2024
MARKET REPORT
Q3-2024
EXECUTIVE SUMMARY
In the third quarter of 2024, the real estate market north of New York City experienced its first notable shift in over three years. After an extended period of dwindling inventory due to high demand, we are now observing an increase in available listings across most of our markets, offering much-needed relief to buyers.
Fairfield County has seen an uptick in inventory, with listings increasing by an average of 4% year-over-year. Some areas have experienced inventory rises as high as 19% in Greenwich and 57% in Wilton. Although there has been a decline in the number of homes sold on average, the median sale price in Fairfield County has increased 9.5% this year, now at $750,000. This demonstrates that demand remains strong as more options become available.
These developments, coupled with indications from the Federal Reserve regarding potential rate cuts, may encourage sellers hesitant to enter the market to reconsider. The opportunity to capitalize on increased inventory and sustained buyer demand could prompt more movement among homeowners, particularly those looking to trade up or down.
Overall, the trends observed in the third quarter of 2024 suggest meaningful changes in the market, marking a shift in a landscape that has remained relatively flat for years. As we move forward, the sustained resilience of the buyer pool, coupled with increasing inventory levels, points towards a dynamic and evolving market environment.
With Warm Regards,
Liz Nunan President and CEO
TABLE OF CONTENTS
THIRD QUARTER 2024
FAIRFIELD COUNTY
Single Family Homes Overview
GREENWICH
THIRD 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 THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand
SOLD PROPERTIES
$10,000,000
Source : Greenwich MLS, Residential / Single Family Homes
STAMFORD
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
STAMFORD
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
DARIEN
THIRD 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 THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF SEPTEMBER 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
NEW CANAAN
THIRD 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 THIRD
QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
NORWALK
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
NORWALK
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
WESTPORT
THIRD 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
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF SEPTEMBER 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
FAIRFIELD
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
FAIRFIELD
THIRD QUARTER
2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
BRIDGEPORT
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
BRIDGEPORT
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
STRATFORD
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
STRATFORD
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
WILTON
THIRD 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
THIRD QUARTER
2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
WESTON
THIRD 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
WESTON THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF SEPTEMBER 30, 2024
Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low
SOLD PROPERTIES
$3,000,000 - $4,999,999
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
EASTON
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
Source : Smart MLS, Single Family Homes
EASTON THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
AS OF SEPTEMBER 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
TRUMBULL
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
TRUMBULL THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
SHELTON
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
SHELTON
THIRD QUARTER
2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
RIDGEFIELD
THIRD 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
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF SEPTEMBER 30, 2024
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
REDDING
THIRD 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
REDDING
THIRD
QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF SEPTEMBER 30, 2024
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
MONROE
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
MONROE THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
DANBURY
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
DANBURY THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
BETHEL
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
BETHEL
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
NEWTOWN
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
NEWTOWN
THIRD
QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
NEW FAIRFIELD
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
NEW FAIRFIELD THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
Source : Smart MLS, Single Family Homes
BROOKFIELD
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
BROOKFIELD THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
SOLD PROPERTIES
$5,000,000 and up
Source : Smart MLS, Single Family Homes
SHERMAN
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
SHERMAN
THIRD QUARTER 2024
SUPPLY/DEMAND ANALYSIS
OF SEPTEMBER 30, 2024
SOLD PROPERTIES
Source : Smart MLS, Single Family Homes
OF SEPTEMBER 30, 2023
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