It’s May! 🌷 Here’s a summary of the Fairfield and Westport CT single-family markets in April 2026 compared to a year ago.
April 2026 Takeaways 📝
- Low inventory continues, making it a competitive market for buyers, and giving sellers an advantage, in general.
- On average, homes sold over the asking price, but this average reflects a wide variation.
- There were a combination of bidding wars along with listings that sat on the market, and listings that reduced prices.
- Buyers need to work with their agents to determine the market competition and other factors specific to the home they want to bid on to inform a strategic offer.
- Sellers cannot take the low inventory situation for granted and must approach the market strategically as well in order to capitalize on buyer demand along with buyer fatigue.
- As much as 42% of sales were cash deals.
In Fairfield, sluggish sales and increased inventory caused the housing supply to increase to 2.34 months-worth in April. These factors favored buyers, though prices were still up due to greater buyer demand than housing supply. Sellers signed contracts in an average of 34 days, though many accepted offers within a week. Other homes sat on the market and had price adjustments before securing an offer.
Homes sold for an average of 5% above the asking price. This reflected a wide range though, from 93% to 121% of the list price. Most homes sold close to full price, with 97% of homes selling at or above 95% of the list price. Cash deals accounted for 42% of the sales.
Unit sales were up in Westport, despite a 22% drop in inventory from the prior year bringing down the months of supply. The seller’s advantage continued. Days to contract averaged 50, which was an increase from the prior year.
Sale prices averaged 104% of asking. There was also a wide variation here, with a low of 93% up to as high as 122% of the price! Eighty-six percent of the sale prices were at or above 95% of the asking price. Thirty-two percent of the of the buyers in April reported using cash. A number of buyers withheld this information, so the percentage was likely higher.
Check Spring 2026 Fairfield & Westport Real Estate Market: Trends, Pricing & Winning Strategies ✅
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Fairfield and Westport CT Real Estate Guide 