What you will pay
Home prices in Rowayton range from around $500,000 to around $7 million, said Kim Cannon Hyde, an agent for William Pitt Sotheby’s International Realty. Budget properties tend to be up north near the train station, she said, while “you’re going to pay a premium to be on the water, and you’re going to pay a premium to be in town.” .
As in many areas, prices have jumped during the pandemic — “by about 32% from late 2020 to late 2021,” Ms Gatt said. “Inventory is historically low. People are just waiting for things to happen.”
Based on information provided and compiled by SmartMLS, Inc., as of March 14, there were 11 single-family homes on the market, from a 1,782-square-foot, three-bedroom raised ranch built in 1976 on 0.18 acre and listed for $725,000 at a six-bedroom, 6,787-square-foot farmhouse built in 1872 on 0.2 acres and listed for $3.495 million. There was a condominium for sale, a 4,549 square foot four bedroom listed for $2.495 million. There were no multi-family homes on the market.
As for rentals, there were three single-family homes available: an 1,800 square foot four bedroom for $4,200 per month, a 2,088 square foot four bedroom for $9,000 and a 3,678 square foot four bedroom. squares for $14,000. .
The median selling price for a single-family home in the 12 months ending March 14 was $1.6 million, down from $1.3 million in the previous 12 months. The median sale price for a condominium was $2.375 million, down from $1.175 million in the previous 12 months. The median monthly rent was $8,000, down from $9,750 in the previous 12 months.
A single multi-family home sold in the past 12 months, for $1 million; none have been sold in the last 12 months.