Fairfield, 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 | 405 | 74 | 78 | 77 | 74 |
| Average Sales Price per Square Foot | 501 | 494 | 492 | 491 | 422 |
| Average Days on Market | 56 | 47 | 52 | 53 | 43 |
| Number of Properties for Sale | 709 | 106 | 131 | 133 | 157 |
| Average List Price | $1,674,893 | $2,052,188 | $1,826,950 | $1,639,665 | $1,585,916 |
| Median List Price | $1,056,250 | $1,368,500 | $1,149,000 | $1,023,667 | $1,000,000 |
| Average Sales Price | $1,407,639 | $1,379,713 | $1,227,256 | $1,333,302 | $1,179,086 |
| Median Sales Price | $1,052,500 | $1,025,000 | $922,500 | $1,003,333 | $937,000 |
| Sales Price / List Price Ratio | 102.63% | 104.14% | 104.11% | 103.54% | 104.53% |
| Number of Properties Sold | 255 | 65 | 52 | 45 | 67 |
| Month’s Supply of Inventory | 3.03 | 1.63 | 2.52 | 3.04 | 2.34 |
| Absorption Rate | 0.36 | 0.61 | 0.4 | 0.34 | 0.43 |
Average & Median Sales Price
The median sales price in June 2025 was $1,025,000, up 11.11% from $922,500 from the previous month and 9.39% higher than $937,000 from June 2024. The June 2025 median sales price was at its highest level compared to June 2024 and 2023.
The average sales price in June 2025 was $1,379,713, up 12.42% from $1,227,256 from the previous month and 17.02% higher than $1,179,086 from June 2024. The June 2025 average sale price was at its highest 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 104.14%, equal to the previous month and equal to June 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in June 2025 was 65, up 25.00% from 52 from the previous month and -2.99% lower than 67 from June 2024. The June 2025 sales were at its lowest 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 47 days, down -9.62% from 52 days from the previous month and 9.30% higher than 43 days from June 2024. The June 2025 DOM was at its highest 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 $494, equal to the previous month and 17.06% higher than $422 from June 2024.
Inventory & MSI
The number of properties for sale in June 2025 was 106, down -19.08% from 131 from the previous month and -32.48% lower than 157 from June 2024. The June 2025 inventory was at its lowest 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 1.63 months was at its lowest level compared with June 2024 and 2023.
New Listings
The number of new listings in June 2025 was 74, down -5.13% from 78 from the previous month and equal to June 2024. The June 2025 listings were at a mid level compared to June 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the June 2025 Fairfield Market Update:
🏠 Home prices rebounded strongly – Median sales price is $1,025,000. That's up 11% from May's $922,500 and up 9% from last year's $937,000. Prices are reaching new highs for recent years.
⏰ Homes are selling at moderate pace – Average days on market is now 47, down 10% from May's 52 days but up 9% from last year's 43 days. Still relatively quick turnover compared to historical averages.
📈 Inventory has tightened significantly – 106 homes for sale, down 19% from May's 131 and down 32% from last year's 157. Buyers facing increasingly limited choices.
📊 Closed sales jumped – 65 homes closed in June, up 25% from May's 52 but down slightly 3% from last year's 67. Strong monthly momentum despite year-over-year softness.
What Buyers and Sellers Need to Know
✨ Sellers: Capitalize on the strong price momentum and reduced inventory levels. The 11% monthly price increase and 32% year-over-year inventory drop create favorable selling conditions.
🔍 Buyers: Expect competition as inventory dropped significantly while sales volume surged 25% monthly. The combination of rising prices, limited supply, and increased buying activity means you'll need to move decisively when you find the right property. Consider expanding your search criteria given the constrained inventory.
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