Norwalk Real Estate 2025: More Homes Sold, Prices Still Rising — What’s Driving the Market?

Market Overview

Here is your 2025 market review for Norwalk, including condo sales in these numbers. Recapping 2024 versus 2025, we saw about a 6.5% increase in units sold, which represents 863 sales.

And while we saw more homes sell, we also saw an increase in pricing—with prices up about 3% based on the total market. Currently, our median sales price in town is roughly just over $625,000. So we saw both a 6.5% increase in homes sold and an increase in pricing. It kind of goes against the whole supply and demand theory, yet those are the numbers—and they reflect Norwalk's strong, sustained demand.

2025 at a Glance

A Balanced Market for Everyone

Right now, the market is presenting real advantages for both buyers and sellers. If you're selling, prices are up, demand is strong, and you're well-positioned to get top dollar with favorable terms.

If you're buying, yes—prices are higher than they've been in the past. But the competitive landscape has eased considerably. You're likely competing with 3 to 5 offers instead of the 10 to 15 we were seeing a few years ago. This gives you room to breathe, do your homework, and move forward with confidence. You also have more time and leverage when it comes to inspections.

And the latest development? Interest rates have dropped into the low 6s or even high 5s, which should bring many buyers who've been sitting on the sidelines back into the market.

Looking Ahead to Spring 2026

After another year of cautious, wait-and-see sentiment in 2025—driven by concerns about overseas conflicts, tariffs, interest rates, and even the price of eggs—many buyers held back. And for those who've been waiting since 2015 for the market to crash? There are still no signs of that happening, especially with inventory where it currently is.

We anticipate a really strong spring market ahead, fueled by pent-up demand and more favorable financing than we've seen in the last two years. Better news creates better buyer sentiment—and when people feel more confident about the market, more of them come out shopping for homes.

Let's Talk About Your Plan for 2026

If you have questions about a specific town or area, want to discuss your home's value, or need help putting together a plan for 2026, I'd be happy to connect. Just call me here in the office and we'll get started.