Fairfield makes list of most expensive spots to buy a home in state

Coldwell Banker Real Estate LLC released its 2014 Home Listing Report, which ranks the affordability of 69 real estate markets in Connecticut. The Coldwell Banker Home Listing Report named Hartford the most affordable market in Connecticut, with an average listing price of $130,123, while Greenwich ranked as the most expensive market in the state, with an average listing price of $923,690.

Fairfield made the list at number six in the 10 most expensive markets in the state. In Fairfield, the average listing price for a four- bedroom, two-bathroom home is $696,892. That is just above Stamford with a listing price at $663,483, and below Wilton with an average price of $701,800.

Bridgeport made the list at number nine in the 10 most affordable markets in the state. In Bridgeport, the average listing price for a four-bedroom, two-bathroom home is $215,378. That price is just above Vernon at $216,417, and below Naugatuck at $205,750.

Connecticut ranked as the fifth most expensive state for a four-bedroom, two-bathroom home, with an average listing price of $423,117.

The annual report is a home price comparison tool currently available in the United States, ranking the average listing price of four-bedroom, two-bathroom homes in nearly 2,000 markets. While other affordability reports provide average or median prices for all homes in a given area, the Coldwell Banker Home Listing Report analyzes more than 51,000 similar listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.

In addition to providing a look at the most expensive and affordable markets in the nation, the Home Listing Report also provides data for each individual state in the country. Full data for Connecticut, including affordability rankings of its local markets, is available at hlr.coldwellbanker.com.

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