Rowayton, Conn.: A ‘Close-Knit’ Shoreline Village With Pricey Views

What You’ll Pay

Dwelling costs in Rowayton vary from round $500,000 to about $7 million, mentioned Kim Cannon Hyde, an agent with William Pitt Sotheby’s Worldwide Realty. Decrease priced properties are usually to the north, close to the prepare station, she mentioned, whereas “you will pay a premium to be on the water, and you will pay a premium to be on the town.”

As in lots of areas, costs have jumped through the pandemic — “by about 32 % from the tip of 2020 to the tip of 2021,” Ms. Gatt mentioned. “Stock is traditionally low. Individuals are simply ready for issues to return on.”

Primarily based on info supplied to and compiled by SmartMLS, Inc., as of March 14, there have been 11 single-family properties available on the market, from a 1,782-square-foot, three-bedroom raised ranch inbuilt 1976 on 0.18 acres and listed for $725,000 to a 6,787-square-foot, six-bedroom farmhouse inbuilt 1872 on 0.2 acres and listed for $3.495 million. There was one condominium on the market, a 4,549-square-foot four-bedroom listed for $2.495 million. There have been no multifamily properties available on the market.

As for leases, there have been three single-family properties out there: an 1,800-square-foot four-bedroom for $4,200 a month, a 2,088-square-foot four-bedroom for $9,000 and a 3,678-square-foot four-bedroom for $14,000.

The median sale worth for a single-family house through the 12-month interval ending March 14 was $1.6 million, up from $1.3 million over the earlier 12 months. The median sale worth for a condominium was $2.375 million, up from $1.175 million over the earlier 12 months. The median month-to-month rental was $8,000, down from $9,750 through the earlier 12 months.

Just one multifamily home bought through the previous 12 months, for $1 million; none had been bought through the earlier 12 months.