How’s the single-family housing market in Fairfield and Westport Connecticut as of February? Take a look at the bullets and graphs below to see how things have changed dramatically this February compared to last February, 2020.
If you would like access to our William RaveisLocal Housing Data tool and run your own graphs like the ones below, just send me a note for the link! Here are the specifics.
In WESTPORT
Single-Family HomesSales are UP 68% from 25 to 42 homes sold. The Median Sale Price is UP 44% from $1,115,000 to $1,600,000. Inventory is DOWN 48% from 308 to 159 homes for sale. Months of Supply is DOWN 71% from 10 months to less than 3! Market Time is DOWN 55% from 155 to 70 days.
In FAIRFIELD
Single-Family HomesSales are UP 39% from 36 to 50 homes sold. The Median Sale Price is UP 33% from $525,000 to $697,500. Inventory is DOWN 60% from 474 to 191 homes for sale. Months of Supply is DOWN 73% from 8 months to 2! Market Time is DOWN 32% from 113 to 77 days.
The trend of extremely low inventory, increasing median sale price, and short market time continues through February. The pace of Fairfield’s market appears to be limited even more than Westport’s by the severe decline in inventory. The strong buyer demand in the face of this limited choice is causing multiple offer situations at nearly every turn.
Opportunities exist for both buyers and sellers, but the market can unquestionably benefit from more sellers entering the market! Vaccines are here, spring is coming, buyers are waiting….
Luxury Coastal Real Estate Specialist | Fairfield Beach, Southport & Westport CT | Waterfront & Lifestyle Transitions | William Raveis Real Estate
Buying or selling a home can feel overwhelming, or exciting. It is one of life’s biggest transitions — and it often comes with more questions than answers. How do I price my home for top dollar? What upgrades matter most to buyers? How can I compete for Fairfield Beach or Westport CT homes for sale without overpaying?
I’m Linda Raymond, a Fairfield County Realtor with William Raveis, and I'm here to guide you to make informed decisions so your move is smooth, strategic, and successful!
As a lifelong Connecticut resident who has lived and worked in Westport, Fairfield, Southport, and neighboring towns, I bring deep local knowledge and community connections. My clients trust me for personalized service, innovative marketing, and results-driven strategies that help sellers achieve the best price and buyers find the right fit — whether that’s a luxury home in the Fairfield Beach Area or Westport or a first home in a welcoming neighborhood.
With nearly 100 five-star reviews and recognition as a Luxury Property Specialist, Chairman’s Elite Club member, and Connecticut Magazine’s Five-Star Professional Award winner, my track record speaks for itself. But what I value most are the long-term relationships I’ve built. Many of my clients return — or refer friends and family — because they know I’ll put their goals first.
Whether you’re upsizing, downsizing, or relocating to Fairfield County, I’ll start by listening closely to your needs and priorities. Then, I’ll create a custom plan to help you move forward with confidence.
Let’s make your next move rewarding — and even exciting. Call or text me today at 203.912.4440 to connect with a trusted Fairfield and Westport CT Realtor.
2 thoughts on “How’s the Local Housing Market Right Now? Westport and Fairfield CT – February 2021”
Fairfield and Westport CT Real Estate Guide 
March 15, 2021 at 12:45 pm
Thank you!
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March 15, 2021 at 12:12 pm
Great information, Linda.
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