February 2025 Fairfield, CT Real Estate Market Report: Insights & Forecast

Fairfield, CT February 2025 Real Estate Market Report: Insights & Forecast

Assembled by: Judy Michaelis, 203-247-5000

Fairfield Market Trends Report – January 2025

Market Trends Report

Overview

The overview below shows real estate activity for January 2025. You will see data comparisons between January and the previous month, the last three months and January 2024.

Overview YTD Avg. January December Oct. – Dec. Jan. 2024
New Listings 39 39 16 36 40
Average Sales Price per Square Foot 597 597 448 434 388
Average Days on Market 64 64 61 53 53
Number of Properties for Sale 72 72 91 125 102
Average List Price $1,448,999 $1,448,999 $1,796,780 $1,647,808 $1,727,582
Median List Price $891,950 $891,950 $1,050,000 $942,967 $1,032,450
Average Sales Price $1,705,074 $1,705,074 $1,347,365 $1,133,653 $956,483
Median Sales Price $1,250,000 $1,250,000 $925,000 $876,000 $805,000
Sales Price / List Price Ratio 100.54% 100.54% 101.59% 102.03% 99.77%
Number of Properties Sold 27 27 69 51 32
Month’s Supply of Inventory 2.67 2.67 1.32 2.73 3.19
Absorption Rate 0.38 0.38 0.76 0.45 0.31

Average & Median Sales Price

The median sales price in January 2025 was $1,250,000, up 35.14% from $925,000 from the previous month and 55.28% higher than $805,000 from January 2024. The January 2025 median sales price was at its highest level compared to January 2024 and 2023.

The average sales price in January 2025 was $1,705,074, up 26.55% from $1,347,365 from the previous month and 78.26% higher than $956,483 from January 2024. The January 2025 average sale price was at its highest level compared to January 2024 and 2023.

Sales Price / List Price Ratio

The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. If it is above 100%, homes are selling for more than the list price. If it is less than 100%, homes are selling for less than the list price.

The January 2025 sales price/list price ratio was 100.54%, down from 101.59% from the previous month and equal to January 2024.

Number of Properties Sold & Absorption Rate

The number of properties sold in January 2025 was 27, down -60.87% from 69 from the previous month and -15.62% lower than 32 from January 2024. The January 2025 sales were at its lowest level compared to January 2024 and 2023.

Absorption rate is the avg number of sales per month divided by the total number of available properties.

Average Days on Market

The average days on market (DOM) is the number of days a property is on the market before it sells. An upward trend in DOM tends to indicate a move towards a buyer’s market, a downward trend tends to indicate a move towards seller’s market.

The DOM for January 2025 was 64 days, up 4.92% from 61 days from the previous month and 20.75% higher than 53 days from January 2024. The January 2025 DOM was at a mid level compared with January 2024 and 2023.

Average Sales Price per Square Foot

The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot in January 2025 was $597, up 33.26% from $448 from the previous month and 53.87% higher than $388 from January 2024.

Inventory & MSI

The number of properties for sale in January 2025 was 72, down -20.88% from 91 from the previous month and -29.41% lower than 102 from January 2024. The January 2025 inventory was at its lowest level compared with January 2024 and 2023.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2025 MSI of 2.67 months was at its lowest level compared with January 2024 and 2023.

New Listings

The number of new listings in January 2025 was 39, up 143.75% from 16 from the previous month and -2.50% lower than 40 from January 2024. The January 2025 listings were at its lowest level compared to January 2024 and 2023.

Property Type
Single Family
Location
Fairfield
Date Range
February 2022 – January 2025
Price Range
$0 – $999,999,999

Judy Michaelis

Broker Lic#: 0750642
CONTACT
📱 203-247-5000
✉️ judy.michaelis@coldwellbankermoves.com
🌐 judymichaelis.com
📍 Coldwell Banker Realty
355 Riverside Ave, Westport, CT 06880
🏢 203-227-8424
CONNECT WITH ME
in LinkedIn: @judy-michaelis-westport
f Facebook: fb.com/JudyMichaelisRealEstate
Instagram: @judymichaelisrealtor


Prefer the quick version? Here's a snapshot of the January 2025 Fairfield Market Update:

🏠 Home prices surged dramatically – Median sales price is $1.25M. That's up 35% from last month and a massive 55% from last year.

⏰ Homes are taking slightly longer to sell – Average days on market is now 64, up 5% from 61 last month and 21% higher than last year's 53 days.

📈 Inventory continues to shrink – 72 homes for sale, down 21% from 91 last month and down 29% from a year ago. Supply remains very constrained!

📊 Sales activity plummeted – 27 homes closed in January, down 61% from last month's strong 69 sales but down 16% from last year's 32.

What Buyers and Sellers Need to Know

✨ Sellers: You're in an excellent position with homes selling right at asking price (100.5% of list price) and inventory at multi-year lows. The dramatic price surge shows strong buyer demand despite seasonal slowdown.

🔍 Buyers: Expect to pay asking price with limited negotiating room. Inventory is severely constrained, but the seasonal dip in sales volume may give you slightly more time to evaluate properties. Act quickly when you find the right home.

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