Current Market Snapshot – Fairfield County & Surrounding Towns
Connecticut’s real estate market continues to show robust demand, with strong seller momentum throughout 2025. In July, the median home price in Fairfield County reached $725,000, a 5.8% increase year over year. Homes sold quickly too—averaging just 38 days on the market, up slightly from last year’s 34 days.
Meanwhile, statewide figures reveal a 6.8% increase in median sale prices, now at $491,900, with a lower days-on-market pace at 35 days. These stats underscore a consistent seller’s market—especially in Fairfield County.
Spotlight on Shelton, Stratford, Trumbull & Fairfield
Shelton, CT
The average home value is $549,693, up 2.7% over the past year. Homes here move fast—pending in just 8 days on average. In Q1 2025, Shelton saw a 10.3% year-over-year increase in median sale price ($494K), though transactions dropped by 13.8%, indicating tight supply.
Stratford, CT
As of July 2025, the median sale price was $429,000, and homes typically sold in 25 days—slightly slower compared to last year’s 21 days.
Trumbull, CT
Though town-level pricing data is limited, the recent landmark zoning changes at Trumbull Mall pave the way for up to 200 age-restricted units (10% affordable) in a vibrant mixed-use redeveloped hub—another signal that long-term investment and housing growth are in the works.
Fairfield, CT
Fairfield continues to be one of the county’s most competitive markets. As of mid-2025, the median sale price is $820,000, up nearly 7% year over year. Homes sell quickly here, averaging just 27 days on market. With its strong school system, coastal amenities, and commuter convenience, Fairfield consistently attracts both local move-up buyers and out-of-state relocations—keeping demand high despite limited inventory.
Market Forces & Policy Trends Shaping the Landscape
Conversions Alleviating Housing Shortage
There’s a wave of hotel-to-apartment conversions across Connecticut—driven by the housing shortage and incentives for developers. For example, Shelton’s Residence Inn is being repurposed into a 96-unit multifamily building, with 18 units reserved as affordable housing at 80% AMI. Statewide, around 780 units have been created or proposed from hotels since 2024.
Policy & Permit Challenges
Connecticut issued 10% fewer housing permits in the first four months of 2025 versus 2024, ranking 40th nationwide for housing permit activity. Though new legislation aims to incentivize affordable housing via zoning reforms, those changes will take time to bear fruit.
Shifting Trends Among High-Income Renters
An increasing number of affluent residents—especially in Fairfield County—are choosing to rent luxury properties rather than compete in the heated buying market. Between 2018 and 2023, rent-seeking among households earning $750,000+ rose from 7% to over 9%.
What This Means for Buyers & Sellers
For Sellers
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With tight inventory and quick sales, sellers remain empowered—especially in desirable towns like Shelton and Fairfield.
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Look beyond single-family listings: mixed-use redevelopments and repurposed hotel units offer exciting opportunities.
For Buyers
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Prepare to act fast: days on market are low, meaning strong buyers must be ready to move quickly.
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Consider renting luxury as both a strategic entry point and as a way to test neighborhoods.
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Keep an eye on conversions—new apartment openings in repurposed buildings may increase choices.
Interested in exploring your buying or selling options in Fairfield County? I’m here to help. Contact me today for a personalized market consultation, explore my latest listings, or subscribe to get weekly updates on Shelton homes for sale, Fairfield homes for sale, and CT real estate market trends.
