Is Now a Good Time to Buy a Home in Norwalk?

by Samuel Ham

If you’re considering buying a home in Norwalk, CT, you’re likely wondering if now is the right time. With rising prices, limited inventory, and strong buyer demand, the Norwalk real estate market remains competitive in March 2025. Here’s what you need to know before making your move.

📈 Market Trends in Norwalk (March 2025)

Median Home Price: $614,000 (+6.2% year-over-year)
Market Competitiveness: Homes often receive multiple offers and sell 3% above list price
Time on Market: Homes are selling faster, averaging 42 days (down from 45 days last year)

🏡 Key Factors for Buyers to Consider

1. Low Inventory = High Competition

Connecticut’s housing inventory remains tight, creating bidding wars on desirable properties. Buyers need to act fast and come prepared with strong offers.

2. Mortgage Rates Are Stabilizing

While rates remain elevated, they have stopped rising sharply. Locking in a rate now before potential future increases could be a smart move.

3. Spring Market Brings More Listings

Traditionally, spring sees more homes hit the market, giving buyers more options. If you’ve been waiting, now might be the time to start your home search.

💡 Should You Buy Now?

✅ Yes, if you plan to stay long-term – Home values in Norwalk continue to appreciate, making real estate a strong investment.
✅ Yes, if you’re financially prepared – Having a pre-approval and strong down payment will give you an advantage in this competitive market.

📞 Ready to buy in Norwalk or Fairfield County? Let SJH Real Estate Team help you find the perfect home in today’s market! Contact us today!

🔗 Sources:

#NorwalkRealEstate #BuyAHome #FairfieldCountyHomes #HousingMarket #SJHRealEstate