Norwalk, CT April 2026 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
The overview below shows real estate activity from January 2026 to March 2026. You will see data comparisons between March and the previous month, the last three months and March 2025.
| Overview | YTD Avg. | March | February | Dec. – Feb. | Mar. 2025 |
|---|---|---|---|---|---|
| New Listings | 102 | 42 | 30 | 26 | 56 |
| Average Sales Price per Square Foot | 439 | 451 | 439 | 434 | 459 |
| Average Days on Market | 53 | 52 | 55 | 54 | 46 |
| Number of Properties for Sale | 180 | 56 | 63 | 65 | 94 |
| Average List Price | $1,214,052 | $1,451,479 | $1,154,692 | $1,037,294 | $1,042,261 |
| Median List Price | $659,000 | $682,000 | $625,000 | $664,000 | $709,500 |
| Average Sales Price | $1,025,927 | $992,886 | $1,132,410 | $1,011,009 | $968,273 |
| Median Sales Price | $824,667 | $820,000 | $825,000 | $779,667 | $765,000 |
| Sales Price / List Price Ratio | 103.86% | 106.61% | 100.34% | 102.63% | 106.83% |
| Number of Properties Sold | 75 | 21 | 21 | 35 | 33 |
| Month’s Supply of Inventory | 2.51 | 2.67 | 3 | 2.08 | 2.85 |
| Absorption Rate | 0.42 | 0.38 | 0.33 | 0.53 | 0.35 |
Average & Median Sales Price
The median sales price in March 2026 was $820,000, equal to the previous month and 7.19% higher than $765,000 from March 2025. The March 2026 median sales price was at its highest level compared to March 2025 and 2024. The average sales price in March 2026 was $992,886, down -12.32% from $1,132,410 from the previous month and 2.54% higher than $968,273 from March 2025. The March 2026 average sale price was at its highest level compared to March 2025 and 2024.
Sales Price / List Price Ratio
The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. If it is above 100%, homes are selling for more than the list price. If it is less than 100%, homes are selling for less than the list price. The March 2026 sales price/list price ratio was 106.61%, up from 100.34% from the previous month and equal to March 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in March 2026 was 21, equal to the previous month and -36.36% lower than 33 from March 2025. The March 2026 sales were at its lowest level compared to March 2025 and 2024. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Average Days on Market
The average days on market (DOM) is the number of days a property is on the market before it sells. An upward trend in DOM tends to indicate a move towards a buyer’s market, a downward trend tends to indicate a move towards seller’s market. The DOM for March 2026 was 52 days, down -5.45% from 55 days from the previous month and 13.04% higher than 46 days from March 2025. The March 2026 DOM was at a mid level compared with March 2025 and 2024.
Average Sales Price per Square Foot
The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot in March 2026 was $451, up 2.73% from $439 from the previous month and -1.74% lower than $459 from March 2025.
Inventory & MSI
The number of properties for sale in March 2026 was 56, down -11.11% from 63 from the previous month and -40.43% lower than 94 from March 2025. The March 2026 inventory was at its lowest level compared with March 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2026 MSI of 2.67 months was at its lowest level compared with March 2025 and 2024.
New Listings
The number of new listings in March 2026 was 42, up 40.0% from 30 from the previous month and -25.00% lower than 56 from March 2025. The March 2026 listings were at its lowest level compared to March 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the March 2026 Norwalk Market Update:
🏠 Prices reach their highest March on record – Median held steady at $820,000, up 7.19% from last March’s $765,000. Average came in at $992,886, up 2.54% year-over-year — both at their highest levels compared to March 2025 and 2024.
⏳ Market pace stays consistent – DOM dipped slightly to 52 days, down 5.45% from February’s 55 and at a mid level compared with March 2025 and 2024. Homes are closing at 106.61% of asking — equal to last March and up sharply from February’s 100.34%.
📉 Inventory at a three-year low – 56 homes for sale, down 11.11% from February’s 63 and down 40.43% from last March’s 94. March 2026 inventory is at its lowest level compared with March 2025 and 2024.
📊 Sales soft, new listings slowly recovering – 21 homes closed, down 36.36% from last March’s 33. New listings rose 40% to 42 from February’s 30 but remain 25% below last March’s 56 — still at their lowest level compared to March 2025 and 2024.
What Buyers and Sellers Need to Know
✨ Sellers: Inventory is at a three-year low and homes are closing 6.61% above asking — conditions strongly favor a well-priced listing right now. March prices are at their highest level in three years.
🔍 Buyers: With only 56 active listings and homes consistently going over ask, competition is real. The 42 new listings this month offer your best selection in a few months — be ready to move fast.
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