Norwalk, CT 06853 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Norwalk, CT — 06853
Median Listing Price
$3.29M
Population
3,171
Households
251,530
Median Days on Market
42
Active Listings
10
New Listings
6
Housing Market
Pricing
Median Listing Price
$3.29M
+11.8% YoY
Average Listing Price
$4.31M
+49.9% YoY
Price per Sq Ft
$904
+8.9% YoY
Median Sq Ft
3,500
+2.6% YoY
Inventory
Active Listings
10
-29.6% YoY
New Listings
6
+50.0% YoY
Total Listings
19
-19.1% YoY
Buyer Competition
Pending Listings
10
0.0% YoY
Pending Ratio
1.00
+29.6% YoY
Median Days on Market
42
+28.5% YoY
Price Reduced
0.0%
-9.1% 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
3,171
-1.8% 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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