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FALLS VILLAGE, CT 06031

Real Estate Market Report  ·  Northwest Hills Planning Region County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FALLS VILLAGE, CT real estate market (06031) currently shows 11 active listings, with 4 pending sales. Homes are averaging 277 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 277 days on market compared to 136 days last year.

The median listing price has risen 99% year-over-year, from $625,000 to $1,243,750.

Whether you are buying or selling in FALLS VILLAGE, CT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,426  ·  Density: 14.1/mi²  ·  Median household income: $97,083

Typical home value: $436,635  ·  Homeownership: 82.9%

Market Overview

Active Listings
11
⇧ 83.3% vs 6 last year
Pending
4
36% pending ratio
Median Price
$1,243,750
⇧ 99% vs $625,000 last year
Average Price
$1,304,330
⇧ 27.3% vs $1,024,857 last year
Days on Market
277
⇧ 103.7% vs 136 days last year

Price Per Square Foot

Median $/sqft
$474
⇧ 60.1% vs $296/sqft last year
Median Home Size
2,304 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 6 last year
  • Days on market: 277 now vs 136 last year

Median & Average Pricing

Year over Year
  • Median: $1,243,750 (+99% YoY)
  • Average: $1,304,330 (+27.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.7 miles — 122 listings ($133,382,755 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
06031Falls Village, CT 060310.0 mi12$13,550,400$987,500$1,129,200
06018Canaan, CT 060185.0 mi9$3,703,167$397,200$411,463
06058Norfolk, CT 060586.3 mi12$24,764,952$643,500$2,063,746
06068Salisbury, CT 060686.6 mi9$12,945,726$799,000$1,438,414
06756Goshen, CT 067568.7 mi11$12,029,127$1,200,000$1,093,557
06753Cornwall, CT 067539.3 mi1$899,000$899,000$899,000
01257Sheffield, MA 0125710.1 mi12$7,872,852$649,000$656,071
06098Winsted, CT 0609811.4 mi21$9,494,121$305,950$452,101
06021Colebrook, CT 0602112.5 mi4$2,627,900$574,450$656,975
06754Cornwall Bridge, CT 0675413.3 mi4$10,692,500$1,260,000$2,673,125
01255Sandisfield, MA 0125514.4 mi5$9,418,750$1,086,250$1,883,750
06759Litchfield, CT 0675914.8 mi20$24,414,260$676,000$1,220,713
12517Copake Falls, NY 1251715.7 mi2$970,000$485,000$485,000

Frequently Asked Questions

How many homes are for sale in FALLS VILLAGE, CT 06031?

As of March 2026, there are 11 active listings in FALLS VILLAGE, CT (zip code 06031), compared to 6 the prior year.

What is the median home price in FALLS VILLAGE, CT 06031?

The median listing price in FALLS VILLAGE, CT 06031 is $1,243,750 as of March 2026, a 99% increase from $625,000 the prior year.

How long do homes stay on the market in FALLS VILLAGE, CT?

Homes in FALLS VILLAGE, CT 06031 spend an average of 277 days on the market before going under contract, compared to 136 days the prior year.

Is it a seller's or buyer's market in FALLS VILLAGE, CT 06031?

Based on current inventory and days-on-market data as of March 2026, FALLS VILLAGE, CT 06031 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 277 days on market compared to 136 days last year.

How much can I save on real estate commission in FALLS VILLAGE, CT?

With SELL123.com's maximum 3% commission, sellers in FALLS VILLAGE, CT 06031 save an estimated $24,875 compared to a typical 5% commission on the median listing price of $1,243,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.