Norwalk, CT 06851 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Norwalk, CT — 06851
Market Hotness
98
Hotness Rank
#93
Hotness Score
98
Supply Score
98
Demand Score
98
DOM vs US
-31.5%
Faster
Price vs US
153%
Above avg
Median Listing Price
$660K
Population
27,865
Households
251,530
Median Days on Market
22
Active Listings
27
New Listings
34
Housing Market
Pricing
Median Listing Price
$660K
+8.7% YoY
Average Listing Price
$696K
+10.8% YoY
Price per Sq Ft
$386
+4.5% YoY
Median Sq Ft
1,498
-2.7% YoY
Inventory
Active Listings
27
-16.9% YoY
New Listings
34
-5.6% YoY
Total Listings
72
-8.3% YoY
Buyer Competition
Pending Listings
45
0.0% YoY
Pending Ratio
1.67
+28.2% YoY
Median Days on Market
22
-12.2% YoY
Price Reduced
11.0%
+5.9% YoY
Units & Occupancy
2024 Occupancy
252K
units
Occupied
235,379
93.6%
Vacant
16,151
6.4%
2024 Tenure
235K
occupied
Owner
156,319
66.4%
Renter
79,060
33.6%
Renter Share
33.6%
-0.6% YoY
Total Housing Units
251,530
+0.6% YoY
Demographics
Median Age
41.5
2024
Population
ZIP Population
27,865
-2.5% YoY
Western Connecticut Planning Region Population
637,013
+1.1% YoY
Households
Total Households
235,379
+1.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.63
-0.4% YoY
Age
2024 Age Mix
627K
residents
Under 18
136,490
21.8%
Adults 18–64
381,364
60.8%
65 & Over
109,217
17.4%
Age Composition Over Time
2022–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
136,490
+0.1% YoY
Population 65 & Over
109,217
+3.3% YoY
Median Age
41.50
0.0% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
89.2%
Moved (within US)
9.8%
Other
1.0%
Veterans
3.1%
-8.8% YoY
Economy
Income
Median Household Income
$128K
+2.9% YoY
Per-Capita Income
$82K
+3.3% YoY
Mean Household Income
$215K
+2.6% YoY
Poverty
Below Poverty Level
7.5%
+1.4% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
61.5%
Public transit
7.4%
Worked from home
19.1%
Other
12.0%
Worked From Home
21.5%
+12.6% YoY
Mean Commute
30.80
-0.6% YoY
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