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Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says

Those looking to buy homes certainly seem to be flocking toward Connecticut, as the state is the only one to have two zip codes that are among the top 10 "hottest" markets in the nation, according to a new report from Realtor.com. 

Two Connecticut zip codes are among the top 10 hottest real estate markets in the nation, according to Realtor.com.

Two Connecticut zip codes are among the top 10 hottest real estate markets in the nation, according to Realtor.com.

Photo Credit: Pixabay/Gerd Altmann

Both the Hartford County town of Southington and the Fairfield County city of Norwalk appeared on Realtor.com's 2023 list of the "hottest zip codes" in the US, taking the No. 2 spot and the No. 8 spot, respectively. 

The annual rankings are determined by taking into account both the market demand, measured by the number of unique viewers per property on Realtor.com's website; and the pace of the market, determined by the number of days a listing remains active on the website. 

According to the listings website, both Connecticut locales exhibited enough high-demand and fast-selling properties to make the list, with the following data being released for each location: 

  • Southington properties, which had a median listing price of $368,000, stayed on the market for a median of 18 days and had 5.7 viewers per property versus US;
  • Norwalk properties, which had a median listing price of $596,000, stayed on the market for an average of 23 days and had 2.9 viewers per property versus US. 

Both locations' appearance on the list was their first-ever, according to Realtor.com, which also said that they drew much demand from viewers in the New York City metro area. This reflected a trend suggesting that many buyers are looking for homes that are more affordable relative to their nearby metro area and are spreading their search to a wider geographical area. 

If you're wondering what zip code took the top spot on the list, the honor went to Gahanna, Ohio, which is part of the Columbus metro area. 

Read the full rankings from Realtor.com by clicking here. 

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