Norwalk, CT June 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 May 2026. You will see data comparisons between May and the previous month, the last three months and May 2025.
| Overview | YTD Avg. | May | April | Feb. – Apr. | May 2025 |
|---|---|---|---|---|---|
| New Listings | 261 | 71 | 81 | 53 | 95 |
| Average Sales Price per Square Foot | 461 | 510 | 475 | 455 | 451 |
| Average Days on Market | 51 | 34 | 61 | 56 | 52 |
| Number of Properties for Sale | 407 | 83 | 108 | 86 | 138 |
| Average List Price | $1,350,322 | $1,709,978 | $1,381,284 | $1,299,185 | $1,150,791 |
| Median List Price | $757,190 | $899,000 | $774,950 | $715,650 | $787,000 |
| Average Sales Price | $1,104,202 | $1,298,868 | $1,144,359 | $1,089,885 | $871,430 |
| Median Sales Price | $868,800 | $915,000 | $955,000 | $866,667 | $787,500 |
| Sales Price / List Price Ratio | 105.35% | 109.1% | 106.09% | 104.35% | 103.59% |
| Number of Properties Sold | 158 | 39 | 44 | 29 | 48 |
| Month’s Supply of Inventory | 2.74 | 2.13 | 2.45 | 3.2 | 2.88 |
| Absorption Rate | 0.39 | 0.47 | 0.41 | 0.32 | 0.35 |
Average & Median Sales Price
The median sales price in May 2026 was $915,000, down -4.19% from $955,000 from the previous month and 16.19% higher than $787,500 from May 2025. The May 2026 median sales price was at its highest level compared to May 2025 and 2024. The average sales price in May 2026 was $1,298,868, up 13.50% from $1,144,359 from the previous month and 49.05% higher than $871,430 from May 2025. The May 2026 average sale price was at its highest level compared to May 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 May 2026 sales price/list price ratio was 109.1%, up from 106.09% from the previous month and up from 103.59% from May 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2026 was 39, down -11.36% from 44 from the previous month and -18.75% lower than 48 from May 2025. The May 2026 sales were at its lowest level compared to May 2025 and 2024. Absorption rate is the average 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 a seller’s market. The DOM for May 2026 was 34 days, down -44.26% from 61 days from the previous month and -34.62% lower than 52 days from May 2025. The May 2026 DOM was at its lowest level compared with May 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 May 2026 was $510, up 7.37% from $475 from the previous month and 13.08% higher than $451 from May 2025.
Inventory & MSI
The number of properties for sale in May 2026 was 83, down -23.15% from 108 from the previous month and -39.86% lower than 138 from May 2025. The May 2026 inventory was at its lowest level compared with May 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2026 MSI of 2.13 months was at a mid level compared with May 2025 and 2024.
New Listings
The number of new listings in May 2026 was 71, down -12.35% from 81 from the previous month and -25.26% lower than 95 from May 2025. The May 2026 listings were at a mid level compared to May 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the May 2026 Norwalk Market Update:
🏠 Prices at their highest May level in three years — Median sales price came in at $915,000, up 16.19% from May 2025’s $787,500. Average sales price reached $1,298,868, also a three-year May high — up nearly 50% from May 2025’s $871,430.
⏳ Homes selling at their fastest May pace in three years — DOM dropped to just 34 days, down 44% from April’s 61 and 35% faster than May 2025’s 52. Norwalk is moving with real momentum.
📉 Inventory at its lowest May level in three years — Only 83 homes for sale, down nearly 40% from May 2025’s 138. With an MSI of just 2.13, supply is lean despite Norwalk’s larger market size.
📊 Buyers paying well above asking — 39 homes closed at 109.1% of list price, the highest sales-to-list ratio in the three-year comparison window.
What Buyers and Sellers Need to Know
✨ Sellers: Prices, speed, and buyer aggression are all moving in your favor — this is the strongest May Norwalk has seen in three years. With homes closing at 109% of list, precise pricing is still the trigger that generates multiple offers.
🔍 Buyers: Norwalk offers the most accessible price points in this market area, but competition is fierce. At 34 days on market and 109% of asking, you need to be ready to act and willing to pay for the right home.
Want Personalized Advice?
Have thoughts or questions? Let me know what you think!
Feel free to reach out anytime—and don’t forget to like and subscribe for more updates on the Weston market!
