Norwalk, CT September 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 August 2026. You will see data comparisons between August and the previous month, the last three months and August 2025.
| Overview | YTD Avg. | August | July | May. – Jul. | Aug. 2025 |
|---|---|---|---|---|---|
| New Listings | 441 | 50 | 59 | 66 | 61 |
| Average Sales Price per Square Foot | 473 | 435 | 457 | 512 | 440 |
| Average Days on Market | 44 | 32 | 34 | 34 | 49 |
| Number of Properties for Sale | 770 | 92 | 109 | 114 | 128 |
| Average List Price | $1,362,592 | $1,615,668 | $1,405,151 | $1,410,287 | $1,073,781 |
| Median List Price | $773,875 | $812,000 | $849,000 | $832,500 | $760,000 |
| Average Sales Price | $1,118,116 | $937,061 | $1,109,558 | $1,242,608 | $875,381 |
| Median Sales Price | $865,656 | $805,000 | $865,000 | $895,417 | $690,000 |
| Sales Price / List Price Ratio | 105.57% | 105.47% | 105.99% | 107.23% | 102.8% |
| Number of Properties Sold | 322 | 42 | 61 | 53 | 53 |
| Month’s Supply of Inventory | 2.6 | 2.19 | 1.79 | 2.22 | 2.42 |
| Absorption Rate | 0.41 | 0.46 | 0.56 | 0.47 | 0.41 |
Average & Median Sales Price
The median sales price in August 2026 was $805,000, down -6.94% from $865,000 from the previous month and 16.67% higher than $690,000 from August 2025. The August 2026 median sales price was at its highest level compared to August 2025 and 2024. The average sales price in August 2026 was $937,061, down -15.55% from $1,109,558 from the previous month and 7.05% higher than $875,381 from August 2025. The August 2026 average sale price was at a mid level compared to August 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 May.–Jul. period, July, August, and August 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 August 2026 sales price/list price ratio was 105.47%, equal to the previous month and up from 102.8% from August 2025.
Note: shown as a comparison of the confirmed report values (YTD average, May.–Jul., July, August, August 2025) — full monthly figures were not labeled in the source report.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2026 was 42, down -31.15% from 61 from the previous month and -20.75% lower than 53 from August 2025. The August 2026 sales were at its lowest level compared to August 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 a seller’s market. The DOM for August 2026 was 32 days, down -5.88% from 34 days from the previous month and -34.69% lower than 49 days from August 2025. The August 2026 DOM was at its lowest level compared with August 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 August 2026 was $435, down -4.81% from $457 from the previous month and -1.14% lower than $440 from August 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 August 2026 was 92, down -15.60% from 109 from the previous month and -28.12% lower than 128 from August 2025. The August 2026 inventory was at its lowest level compared with August 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2026 MSI of 2.19 months was at a mid level compared with August 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 August 2026 was 50, down -15.25% from 59 from the previous month and -18.03% lower than 61 from August 2025. The August 2026 listings were at its lowest level compared to August 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the August 2026 Norwalk Market Update:
💰 Prices are up from last year — Median sales price came in at $805,000, up 16.67% from August 2025’s $690,000, though down 6.94% from July’s $865,000. Average sales price followed suit at $937,061, up 7.05% year-over-year.
⏳ Homes are selling much faster — Average days on market dropped to 32, down 34.69% from August 2025’s 49 days. This is the fastest August pace in three years, a strong signal for sellers.
📦 Inventory hit a three-year August low — Only 92 homes for sale, down 28.12% from August 2025’s 128. With a Month’s Supply of 2.19, conditions are tightening for buyers.
📊 Sellers keep the edge — 42 homes closed in August, and they sold at 105.47% of list price, up from last August’s 102.8%. New listings pulled back to 50, keeping the market competitive even as sales volume cooled from July’s 61.
What Buyers and Sellers Need to Know
✨ Sellers: Inventory is at its lowest August level in three years and homes are closing above asking price. With a sales-to-list ratio of 105.47% and days on market at a three-year August low of 32, well-priced homes are moving fast.
🔍 Buyers: With only 92 homes available and days on market at 32, the pool is thin and moving quickly. New listings pulled back to 50 this month — be ready to move decisively when the right home appears, and lean on data, not emotion, when shaping an offer.
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