Is Falls Village, CT 06031 a buyer’s or seller’s market?
Falls Village is a seller’s market. With about 0.9 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Falls Village housing market right now
In the three months ending August 31, 2026, 14% of homes in Falls Village, CT 06031 sold above their list price, the typical home went under contract in 91 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (276 days then) and the median sale price rose 54% to $964,583. Overall, Falls Village is more competitive than a year ago, so tougher for buyers.
Within Litchfield County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 91%.
Nearby, buyers who want less competition could look at Cornwall Bridge 06754 (0% sold over asking) or East Canaan 06024 (0% sold over asking), while Northfield 06778 (100% sold over asking) and Oakville 06779 (78% sold over asking) are even more competitive.
Run the numbers for 06031
Nearby markets
Bantam 06750Buyer’s market $320 /sq ftBarkhamsted 06063Seller’s market $231 /sq ftBethlehem 06751Seller’s market $249 /sq ftBridgewater 06752Seller’s market $335 /sq ft Browse all markets →Towns like Falls Village nearby
Find towns like Falls Village in other states →Where Falls Village is
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Questions about Falls Village real estate
Is Falls Village a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Falls Village, CT 06031 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Falls Village?
The typical home went under contract in 91 days in the latest three months.
Do homes in Falls Village sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 94.1% of the list price.
What is the median home price in Falls Village?
The median sale price was $964,583 in the three months ending August 31, 2026, about $353 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology