Fairfield Median Home List Price Guaranteed Rate
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Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types. In November 2022, Fairfield County home prices were up 9.4% compared to last year, selling for a median price of $525K. On average, homes in Fairfield County sell after 49 days on the market compared to 57 days last year.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fairfield differ in their investment potential, sometimes by a great deal. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . Some of the lowest real estate appreciation rates in America over the last ten years have been in Fairfield, where house values have increased just 32.45%, which is annualized rate of 2.85%.
How many homes are available in Fairfield, CT?
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S.
In the last twelve months, Fairfield's appreciation rate has been 9.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairfield were at 1.99%, which equates to an annual appreciation rate of 8.21%. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Relative to Connecticut, our data show that New Fairfield's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut. Single-family detached homes are the single most common housing type in New Fairfield, accounting for 95.82% of the town's housing units.
Average Market Rent:
View Fairfield median home price data from the past 6 months, 1 year, or 3 years by using the toggle buttons in the top-right corner of the graph. Full Description This data originates from the American Community Survey 5-Year estimates, table B25077. The ACS collects these data from a sample of households on a rolling monthly basis. CTdata.org generally carries the five-year datasets, as they are considered to be the most accurate, especially for geographic areas that are the size of a county or smaller. The average homes sell for about 4% below list price and go pending in around 29 days.
HUD homes in New Fairfield aren't just a way to get into a housing market that is already experiencing shortages, they may just be the ideal way for you. To learn more about our current HUD homes in New Fairfield, CT, register today! Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Fairfield. Owner-occupied housing accounts for 92.47% of New Fairfield's homes, and 73.93% have either three or four bedrooms, which is average sized relative to America. Expand this block to see the historical median price of single family homes in the United States. Find out by comparing median home prices in Fairfield over the past three years with our interactive graph, or get a weekly glance with the table view.
What homes are available in Fairfield, CT?
This rate is lower than the appreciation rate found in 90% of the cities and towns in America. Over the last year, New Fairfield appreciation rates have trailed the rest of the nation. In the last twelve months, New Fairfield's appreciation rate has been 12.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Fairfield were at 2.05%, which equates to an annual appreciation rate of 8.47%. Over the last year, Fairfield appreciation rates have trailed the rest of the nation.
Leading online rental site, Rent.com, outlines the 10 cities with the lowest vacancy rates, as well as deals and tips for renting. It was a very 'emotional' week for markets, with the effects of Sandy, the two-day exchange closings, and a lot of AAPL news dominating the headlines. I also trust the underlying indices to get us in the actual market's ballpark. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Home price increases outpaced wage growth over the past year in over 90 percent of counties. The share of counties that are historically less affordable is at its highest point since 2007, just before the Great Recession, according to the report.
Neighborhoods in Fairfield
The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data. The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages.
Find my historical home price series using nominal prices and one adjusted for inflation. The tool automatically checks for data updates weekly, but due to report release cadence, the data lags behind . ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies.
All analytics are copyright Altos Research and not affiliated with any MLS. Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at If you're buying a home in Fairfield, you may be able to get a good deal.
There were 866 homes sold in November this year, down from 1,254 last year. The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units.
ATTOM’s calculations assumed a 20 percent down payment and that households would not be spending more than 28 percent of their income on mortgage payments, property taxes and insurance. An index below 100 indicates that housing is less affordable in that county compared to historical averages. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Description Median Home Value by Town reports the median value of all owner occupied housing units.
If California, Texas, or New York change housing policies, it can move the whole country's median home price. Below, I provide and graphhistorical monthly median single-family home valuesin the United States. Significantly, this data isnon-seasonally adjustedand based onsales of existing homes. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Percentages are based on the number of housing units for each type over the total number of units across all types.
That’s more than 97 percent of all counties measured, up from 69 percent in the second quarter of last year. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. With 13,579 people, 4,693 houses or apartments, and a median cost of homes of $454,974, New Fairfield real estate prices are well above average cost compared to national prices.
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