Oakwood Commons Condos in Norwalk, CT

Oakwood Commons Condos for Sale

Oakwood Commons is a 45-unit townhouse condominium complex on Oakwood Avenue in Norwalk, CT. Turnover here is modest. Nine recorded MLS sales span a multi-year window, which means active listings come up infrequently and move when they do. With Norwalk CT real estate inventory tightening in early 2025, down roughly 10.6% compared to the prior year, buyers waiting for a specific floor plan at a specific price point can wait a long time. If you want to know what is currently available at Oakwood Commons, contact The Engel Team directly. We monitor off-market movement and can alert you before a unit hits the public MLS feed.

Recently Sold at Oakwood Commons

MLS records show nine closed sales at Oakwood Commons. Prices ranged from $195,000 for a one-bedroom, one-bath unit at 676 square feet, to $365,000 for a two-bedroom, three-bath unit at 1,456 square feet. The median closed price across those nine transactions was $286,000, at a median of approximately $231 per square foot. Unit sizes varied between 676 and 1,456 square feet depending on configuration.

The two-bedroom, three-bath units at 1,456 square feet have been the most active segment, appearing in four of the nine recorded sales. Those units closed between $286,000 and $365,000. One-bedroom, one-bath units at the smaller end of the range, 676 to 728 square feet, closed in the $195,000 to $204,000 range in 2018.

Here is the full MLS sales record for Oakwood Commons:

Unit	Date	Price	Bed/Bath	SqFt	HOA/mo	Tax/yr
B6	10/17/2022	$365,000	2/3	1,456	$420	$4,595
A14	03/15/2021	$330,000	2/3	1,456	$420	$4,414
A21	12/17/2019	$246,750	2/2	1,066	$308	$4,003
A18	10/25/2019	$312,500	2/3	1,456	$420	$4,358
A4	08/29/2019	$290,000	2/3	1,256	$368	$5,708
A1	07/20/2018	$195,000	1/1	676	$196	$3,278
A5	07/18/2018	$204,000	1/1	728	$210	$3,502
C11	11/21/2017	$222,000	1/1	1,092	$200	$3,379
C6	08/11/2017	$286,000	2/3	1,456	data not available	$4,617

One note on this data: the most recent closed sale on record is from October 2022. Buyers should treat the per-square-foot and price benchmarks here as a directional reference, not a current appraisal. A formal comparative market analysis against active Norwalk CT condos is the right tool before making an offer or setting a list price.

About Oakwood Commons

Oakwood Commons is a 45-unit condominium complex built in 1983 at 3 Oakwood Avenue in Norwalk, CT. The complex is organized into multiple buildings, identified by letter designations in MLS records, suggesting a clustered layout across the property rather than a single mid-rise structure. With construction dating to 1983, the bones of the building are now over 40 years old. That is not a disqualifier, but it is a number buyers need to factor into their due diligence, particularly around building systems, reserve funding, and any capital improvements that have been made since original construction.

The location gives residents access to transportation, shopping, and dining without requiring a car for every errand. Norwalk’s central position in Fairfield County means proximity to I-95 and Route 7 corridors. Among Norwalk homes for sale, a 45-unit townhouse complex from the early 1980s represents a specific market niche: more square footage than most flat-style condos, more privacy than a mid-rise building, and a price point that sits meaningfully below the Norwalk-wide median of $660,000 for all property types.

Homes and Layouts at Oakwood Commons

Oakwood Commons offers one-bedroom and two-bedroom units in a townhouse format, meaning vertical layouts with interior stairs rather than single-floor flats. Unit sizes in the MLS record range from 676 square feet for the smallest one-bedroom configuration up to 1,456 square feet for the larger two-bedroom, three-bath units. That upper end is a meaningful footprint for a condominium and one of the reasons the two-bedroom units here have held value better than the smaller configurations.

Bath counts vary by unit. Two-bedroom units appear in both two-bath and three-bath configurations based on MLS records. One-bedroom units come with one bath. Garage parking is confirmed for the complex. Townhouse-style units typically include some form of private entry and often offer small outdoor spaces, but buyers should verify patio or deck details unit-by-unit, as those features can differ within a complex built across multiple buildings.

The pool is the primary shared amenity. No other shared amenities are confirmed in the available data.

What Buyers Need to Know

The HOA fee currently runs approximately $338 per month for a representative unit. The table above shows HOA fees at the time of sale ranging from $196 per month for a one-bedroom unit in 2018 up to $420 per month for the larger two-bedroom units. If you are underwriting a purchase today, verify the current HOA fee directly with the association or the listing agent, because fees at a 40-year-old complex tend to increase over time as building systems require maintenance and reserves are replenished.

Reserve funding is the most important financial question at Oakwood Commons. A complex built in 1983 will have replaced some major systems over the decades and will have others approaching end of useful life. Ask for a copy of the most recent reserve study before going firm on any offer. If one does not exist or has not been updated in the last three years, that is a material gap. Special assessment history is the second question. Any past assessments should be disclosed; any pending ones are critical.

Property taxes on individual units in the MLS record ranged from $3,278 to $5,708 per year, with $4,358 as a representative mid-range figure. Those numbers vary by unit size and assessed value, so do not assume the tax line from a prior sale applies to the unit you are buying.

Resale potential at Oakwood Commons depends heavily on unit condition. With a multi-decade spread between original construction and today, renovation levels across the 45 units vary significantly. A fully updated kitchen and bath package in a 1,456-square-foot townhouse justifies a meaningfully different price than an as-is unit. Buyers should request the full resale package from the association, which should include financials, meeting minutes, and any pending litigation or major repair disclosures. Sellers should be prepared for buyers to scrutinize that package carefully.

Rental rules, pet policy, and owner-occupancy ratio should be confirmed with the association directly. Data on those specifics is not available in the current MLS record. The owner-occupancy ratio matters for conventional and FHA financing, so buyers using mortgage financing need to verify that the complex meets their lender’s requirements before going under contract.

Buying or Selling at Oakwood Commons

Nine MLS sales over a multi-year window means pricing at Oakwood Commons requires careful interpretation. The most recent recorded sale is from late 2022. The Norwalk market has seen median prices soften in the first half of 2025, with the broader market median declining approximately 6.9% over that period. Whether that broader softening is reflected in Oakwood Commons pricing requires a current unit-by-unit analysis, not an extrapolation from stale comps.

The Engel Team works with buyers and sellers at complexes like Oakwood Commons across Norwalk and Fairfield County. For buyers, that means off-market monitoring, accurate pricing analysis that accounts for renovation level and unit position, and offer strategy calibrated to thin comparable sales. For sellers, it means understanding where your unit sits within the complex’s own sales history and positioning it accurately relative to current inventory.

If you are considering buying or selling at Oakwood Commons, contact The Engel Team for a current valuation and a full review of the complex’s financials before you commit to any number.