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Westport, CT Real Estate Market-Median Sales Prices from 2001-2010

Median sales prices are, most likely, a more accurate indication of the market. Based upon our statistics on medians, the height of the Westport, CT market was 2007-2008. Looking at the last column, which shows the change from the previous year, it shows a rise in median sales price from 2001 to 2008, when it flattens out. From 2008 to 2010, we have seen a backslide in median sales prices from the previous years. 2009 in particular was a gamer changer for sellers. Buyers were beginning to push back on pricing, negotiating stronger and coming back to sellers on inspection issues. Overall, comparing 2010 to the previous years, we are back to 2004 pricing. This becomes a critical fact to consider if you have purchased in Westport in the past 6 years and you are planning on listing your home for sale.

 

1/1 – 12/1
Units Sold
Ave DOM
Median     List $
Median    Sale $
Med Sale % Change
2010
328
102
$1,199,000
$1,140,000
-4.08%
2009
230
127
$1,282,500
$1,188,500
-11.96%
2008
257
106
$1,395,000
$1,350,000
0.00%
2007
386
107
$1,418,750
$1,350,000
4.41%
2006
376
97
$1,349,500
$1,293,000
4.19%
2005
462
81
$1,287,000
$1,241,000
12.82%
2004
470
82
$1,125,000
$1,100,000
20.09%
2003
392
81
$943,500
$916,000
13.79%
2002
467
78
$819,000
$805,000
10.01%
2001
416
93
$759,000
$731,750
4.54%
2000
459
85
$724,500
$700,000
n/a

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