Westport, CT 06880 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of market value is the median sold price of $2,212,000, which represents the most reliable signal of recent transaction activity in Westport; the gap between the median listing price of $3,400,000 and this sold price suggests seller expectations remain above realized sale prices and may be causing pricing friction for higher-end inventory. pricing gap
2. Liquidity appears slower than a churn market: the median days on market of 87 days points to extended marketing periods for many listings and may indicate moderate transaction velocity rather than brisk turnover, even though the market broadly remains competitive.
3. Market momentum is positive: the price year-over-year trend is up, the market temperature is hot, and the rent year-over-year trend is up, which together suggest continued upward pressure on valuations and demand for both single-family and condominium units; however, elevated interest rate pressure (current 30-year fixed rates at 6.77%, noted as 0.9% higher than an earlier 2026 average) introduces caution for new buyers and contributes to a homeowner lock-in effect.
4. Valuation context for underwriting and pricing: the median price per square foot of $469 and a median market rent of $5,250 provide consistent unit-level benchmarks for appraisals and rent comps, but do not alone determine investment returns—use them as comparative guides while acknowledging the market's relatively constrained active supply and continued upward price momentum.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.