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FALLS VILLAGE, CT 06031

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

Market Overview

Active Listings
11
⇧ 83.3% vs 6 last year
Pending
4
36% pending ratio
Median Price
$1,137,500
⇧ 18.7% vs $958,500 last year
Average Price
$1,271,125
⇩ 11.9% vs $1,442,650 last year
Days on Market
188
⇧ 42.4% vs 132 days last year

Market Context

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

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

Market Analysis

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

The FALLS VILLAGE, CT real estate market (06031) currently shows 11 active listings, with 4 pending sales. Homes are averaging 188 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 188 days on market compared to 132 days last year.

The median listing price has risen 18.7% year-over-year, from $958,500 to $1,137,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 6 last year
  • Days on market: 188 now vs 132 last year

Median & Average Pricing

Year over Year
  • Median: $1,137,500 (+18.7% YoY)
  • Average: $1,271,125 (-11.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.7 miles — 126 listings ($141,141,672 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
06031Falls Village, CT 060310.0 mi11$13,982,375$1,137,500$1,271,125
06018Canaan, CT 060185.0 mi7$2,665,950$364,450$380,850
06058Norfolk, CT 060586.3 mi11$22,114,180$620,000$2,010,380
06068Salisbury, CT 060686.6 mi10$18,898,780$1,775,000$1,889,878
06756Goshen, CT 067568.7 mi10$9,928,430$1,160,000$992,843
06753Cornwall, CT 067539.3 mi1$950,000$950,000$950,000
01257Sheffield, MA 0125710.1 mi17$12,375,881$672,000$727,993
06098Winsted, CT 0609811.4 mi23$13,625,706$365,000$592,422
06021Colebrook, CT 0602112.5 mi7$4,206,825$582,450$600,975
06754Cornwall Bridge, CT 0675413.3 mi5$14,260,000$1,785,000$2,852,000
01255Sandisfield, MA 0125514.4 mi5$7,139,900$475,000$1,427,980
06759Litchfield, CT 0675914.8 mi17$20,088,645$599,000$1,181,685
12517Copake Falls, NY 1251715.7 mi2$905,000$452,500$452,500

Frequently Asked Questions

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

As of January 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 $1,137,500 as of January 2026, a 18.7% increase from $958,500 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 188 days on the market before going under contract, compared to 132 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 January 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 188 days on market compared to 132 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 $22,750 compared to a typical 5% commission on the median listing price of $1,137,500. 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.