Norwalk, CT May 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 April 2026. You will see data comparisons between April and the previous month, the last three months and April 2025.
| Overview | YTD Avg. | April | March | Jan. – Mar. | Apr. 2025 |
|---|---|---|---|---|---|
| New Listings | 186 | 78 | 48 | 36 | 52 |
| Average Sales Price per Square Foot | 444 | 458 | 451 | 439 | 480 |
| Average Days on Market | 56 | 64 | 52 | 53 | 53 |
| Number of Properties for Sale | 293 | 88 | 75 | 68 | 100 |
| Average List Price | $1,218,836 | $1,417,290 | $1,268,503 | $1,152,684 | $1,059,884 |
| Median List Price | $689,000 | $747,000 | $699,000 | $669,667 | $709,500 |
| Average Sales Price | $1,038,176 | $1,074,924 | $992,886 | $1,025,927 | $975,087 |
| Median Sales Price | $857,250 | $955,000 | $820,000 | $824,667 | $825,000 |
| Sales Price / List Price Ratio | 104.39% | 105.97% | 106.61% | 103.86% | 108.58% |
| Number of Properties Sold | 117 | 42 | 21 | 25 | 39 |
| Month’s Supply of Inventory | 2.69 | 2.1 | 3.57 | 2.89 | 2.56 |
| Absorption Rate | 0.4 | 0.48 | 0.28 | 0.37 | 0.39 |
Average & Median Sales Price
The median sales price in April 2026 was $955,000, up 16.46% from $820,000 from the previous month and 15.76% higher than $825,000 from April 2025. The April 2026 median sales price was at its highest level compared to April 2025 and 2024. The average sales price in April 2026 was $1,074,924, up 8.26% from $992,886 from the previous month and 10.24% higher than $975,087 from April 2025. The April 2026 average sale price was at its highest level compared to April 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 April 2026 sales price/list price ratio was 105.97%, equal to the previous month and down from 108.58% from April 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2026 was 42, up 100% from 21 from the previous month and 7.69% higher than 39 from April 2025. The April 2026 sales were at a mid level compared to April 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 April 2026 was 64 days, up 23.08% from 52 days from the previous month and 20.75% higher than 53 days from April 2025. The April 2026 DOM was at its highest level compared with April 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 April 2026 was $458, up 1.55% from $451 from the previous month and -4.58% lower than $480 from April 2025.
Inventory & MSI
The number of properties for sale in April 2026 was 88, up 17.33% from 75 from the previous month and -12.00% lower than 100 from April 2025. The April 2026 inventory was at its lowest level compared with April 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2026 MSI of 2.1 months was at a mid level compared with April 2025 and 2024.
New Listings
The number of new listings in April 2026 was 78, up 62.50% from 48 from the previous month and 50.0% higher than 52 from April 2025. The April 2026 listings were at its highest level compared to April 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the April 2026 Norwalk Market Update:
🏠 Prices at their highest April level in three years – Average sales price rose to $1,074,924, up 8.26% from March’s $992,886 and up 10.24% from last April’s $975,087. Median climbed to $955,000, up 16.46% month-over-month and 15.76% year-over-year — both at their highest levels compared to April 2025 and 2024.
⏳ DOM ticks up but homes still closing above asking – Average days on market rose to 64 days, up 23.08% from March’s 52 and at its highest level compared with April 2025 and 2024. Homes are still closing at a strong 105.97% sale-to-list ratio, equal to March.
📉 Inventory at a three-year April low despite a monthly uptick – 88 homes for sale, up 17.33% from March’s 75 but down 12% from last April’s 100 — the lowest inventory compared with April 2025 and 2024. MSI of 2.1 months sits at a mid level.
📊 Sales double from March, new listings surge to a three-year high – 42 homes closed, up 100% from March’s 21 and up 7.69% from last April. New listings jumped 62.50% to 78 — their highest level compared to April 2025 and 2024.
What Buyers and Sellers Need to Know
✨ Sellers: With prices at a three-year April high and inventory still down 12% year-over-year, conditions favor sellers. Well-priced homes are closing above asking at 105.97%.
🔍 Buyers: Seventy-eight new listings this April is the most in three years, giving you more options — but with homes still closing above list, come prepared to move decisively.
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