Westport, CT July 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
The overview below shows real estate activity from January 2025 to June 2025. You will see data comparisons between June and the previous month, the last three months and June 2024.
| Overview | YTD Avg. | June | May | Mar. – May | Jun. 2024 |
|---|---|---|---|---|---|
| New Listings | 277 | 38 | 57 | 59 | 38 |
| Average Sales Price per Square Foot | 605 | 614 | 637 | 610 | 568 |
| Average Days on Market | 52 | 35 | 45 | 58 | 36 |
| Number of Properties for Sale | 580 | 105 | 119 | 108 | 100 |
| Average List Price | $4,278,417 | $4,199,433 | $3,906,756 | $4,085,992 | $3,375,808 |
| Median List Price | $3,648,750 | $3,785,000 | $3,250,000 | $3,406,667 | $2,936,500 |
| Average Sales Price | $2,528,096 | $2,381,139 | $2,788,112 | $2,929,766 | $2,624,320 |
| Median Sales Price | $2,299,029 | $2,029,422 | $2,200,000 | $2,791,500 | $2,325,000 |
| Sales Price / List Price Ratio | 102.65% | 105.55% | 103.16% | 102.94% | 102.85% |
| Number of Properties Sold | 128 | 39 | 26 | 21 | 30 |
| Month’s Supply of Inventory | 5.01 | 2.69 | 4.58 | 5.2 | 3.33 |
| Absorption Rate | 0.22 | 0.37 | 0.22 | 0.2 | 0.3 |
Average & Median Sales Price
The median sales price in June 2025 was $2,029,422, down -7.75% from $2,200,000 from the previous month and -12.71% lower than $2,325,000 from June 2024. The June 2025 median sales price was at its lowest level compared to June 2024 and 2023.
The average sales price in June 2025 was $2,381,139, down -14.60% from $2,788,112 from the previous month and -9.27% lower than $2,624,320 from June 2024. The June 2025 average sale price was at its lowest level compared to June 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 June 2025 sales price/list price ratio was 105.55%, up from 103.16% from the previous month and up from 102.85% from June 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in June 2025 was 39, up 50.0% from 26 from the previous month and 30.0% higher than 30 from June 2024. The June 2025 sales were at a mid level compared to June 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 June 2025 was 35 days, down -22.22% from 45 days from the previous month and -2.78% lower than 36 days from June 2024. The June 2025 DOM was at its lowest level compared with June 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 June 2025 was $614, down -3.61% from $637 from the previous month and 8.10% higher than $568 from June 2024.
Inventory & MSI
The number of properties for sale in June 2025 was 105, down -11.76% from 119 from the previous month and 5.00% higher than 100 from June 2024. The June 2025 inventory was at a mid level compared with June 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2025 MSI of 2.69 months was at a mid level compared with June 2024 and 2023.
New Listings
The number of new listings in June 2025 was 38, down -33.33% from 57 from the previous month and equal to June 2024. The June 2025 listings were at its lowest level compared to June 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the June 2025 Westport Market Update:
🏠 Home prices are cooling down – Median sales price is $2.03M. That's down 8% from May's $2.2M, and down 13% from last year's $2.33M. The market is finding a more sustainable level.
⏳ Homes are selling faster – Average days on market dropped to just 35 days, down 22% from May's 45 days, and nearly matching last year's swift 36-day pace. Well-priced homes are moving quickly.
📈 Inventory is tightening – 105 homes for sale, down 12% from last month's 119, but still 5% higher than last year's 100. The market has slightly fewer options than recent months.
📉 Closed sales are surging – 39 homes closed in June, up 50% from May's 26, and 30% higher than last year's 30. Buyers are stepping up despite the market shifts.
What Buyers and Sellers Need to Know
✨ Sellers: The market is still strong but more balanced. Price realistically based on current comps—overpricing will lead to longer market times. Quality preparation matters more than ever.
🔍 Buyers: This is a window of opportunity. Inventory is manageable, prices have moderated from spring peaks, and well-positioned buyers can move quickly. Don't hesitate on the right property—good homes still attract multiple offers.
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