Norwalk, CT October 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 September 2026. You will see data comparisons between September and the previous month, the last three months and September 2025.
| Overview | YTD Avg. | September | August | Jun. – Aug. | Sep. 2025 |
|---|---|---|---|---|---|
| New Listings | 512 | 70 | 51 | 58 | 71 |
| Average Sales Price per Square Foot | 480 | 536 | 435 | 489 | 426 |
| Average Days on Market | 44 | 40 | 32 | 33 | 46 |
| Number of Properties for Sale | 903 | 108 | 110 | 113 | 126 |
| Average List Price | $1,337,396 | $1,350,269 | $1,464,893 | $1,394,992 | $1,003,749 |
| Median List Price | $771,772 | $809,500 | $781,950 | $801,983 | $739,700 |
| Average Sales Price | $1,138,017 | $1,297,224 | $937,061 | $1,132,547 | $964,589 |
| Median Sales Price | $861,972 | $832,500 | $805,000 | $863,750 | $800,000 |
| Sales Price / List Price Ratio | 105.36% | 103.64% | 105.47% | 106.25% | 103.91% |
| Number of Properties Sold | 374 | 52 | 42 | 54 | 45 |
| Month’s Supply of Inventory | 2.6 | 2.08 | 2.62 | 2.16 | 2.8 |
| Absorption Rate | 0.41 | 0.48 | 0.38 | 0.47 | 0.36 |
Average & Median Sales Price
The median sales price in September 2026 was $832,500, up 3.42% from $805,000 from the previous month and 4.06% higher than $800,000 from September 2025. The September 2026 median sales price was at its highest level compared to September 2025 and 2024. The average sales price in September 2026 was $1,297,224, up 38.44% from $937,061 from the previous month and 34.48% higher than $964,589 from September 2025. The September 2026 average sale price was at its highest level compared to September 2025 and 2024.
Note: the source report’s monthly trend line isn’t accompanied by per-point labels, so the chart below shows only the confirmed comparison points from the report (YTD average, the Jun.–Aug. period, August, September, and September 2025) rather than a fabricated 36-month series.
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 September 2026 sales price/list price ratio was 103.64%, down from 105.47% from the previous month and equal to September 2025.
Note: shown as a comparison of the confirmed report values (YTD average, Jun.–Aug., August, September, September 2025) — full monthly figures were not labeled in the source report.
Number of Properties Sold & Absorption Rate
The number of properties sold in September 2026 was 52, up 23.81% from 42 from the previous month and 15.56% higher than 45 from September 2025. The September 2026 sales were at its highest level compared to September 2025 and 2024. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Absorption rate monthly values weren’t labeled in the source chart — only the comparison points below are confirmed.
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 September 2026 was 40 days, up 25.00% from 32 days from the previous month and -13.04% lower than 46 days from September 2025. The September 2026 DOM was at its lowest level compared with September 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 September 2026 was $536, up 23.22% from $435 from the previous month and 25.82% higher than $426 from September 2025.
Note: shown as a comparison of the confirmed report values — full monthly figures were not labeled in the source chart.
Inventory & MSI
The number of properties for sale in September 2026 was 108, down -1.82% from 110 from the previous month and -14.29% lower than 126 from September 2025. The September 2026 inventory was at a mid level compared with September 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2026 MSI of 2.08 months was at its lowest level compared with September 2025 and 2024.
MSI monthly values weren’t labeled in the source chart — only the comparison points below are confirmed.
New Listings
The number of new listings in September 2026 was 70, up 37.25% from 51 from the previous month and -1.41% lower than 71 from September 2025. The September 2026 listings were at a mid level compared to September 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the September 2026 Norwalk Market Update:
🏠 Prices hit a new September high. The median sale price was $832,500, up 3.42% from August and 4.06% above September 2025. Price per sq ft jumped to $536, up 25.82% year over year.
⏳ Homes are selling faster than last year. Average days on market was 40, down from 46 a year ago and the lowest September level in three years. Sellers got 103.64% of list price on average.
📉 Sales picked up. 52 homes sold, up 23.81% from August and 15.56% above September 2025. That is the strongest September total of the past three years.
📊 Supply remains tight. Active inventory was 108, down 14.29% from a year ago, while 70 new listings came to market. Month’s supply fell to 2.08, the lowest September level in three years.
What Buyers and Sellers Need to Know
✨ Sellers: Prices are at a September high, with the median at $832,500. Homes are selling in 40 days at 103.64% of list price.
🔍 Buyers: 70 new listings arrived, up 37% from August. With just 2.08 months of supply, be ready to move quickly.
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