Ridgefield, CT August 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Overview
The overview below shows real estate activity from January 2025 to July 2025. You will see data comparisons between July and the previous month, the last three months and July 2024.
| Overview | YTD Avg. | July | June | Apr. – Jun. | Jul. 2024 |
|---|---|---|---|---|---|
| New Listings | 224 | 32 | 37 | 42 | 19 |
| Average Sales Price per Square Foot | 386 | 370 | 403 | 400 | 369 |
| Average Days on Market | 48 | 32 | 27 | 37 | 50 |
| Number of Properties for Sale | 331 | 44 | 61 | 63 | 50 |
| Average List Price | $1,755,037 | $2,035,445 | $1,637,531 | $1,602,296 | $1,404,873 |
| Median List Price | $1,268,071 | $1,820,000 | $1,350,000 | $1,189,667 | $1,019,000 |
| Average Sales Price | $1,285,148 | $1,131,807 | $1,345,848 | $1,142,936 | $1,288,508 |
| Median Sales Price | $1,096,308 | $1,100,000 | $1,253,156 | $1,041,052 | $1,120,000 |
| Sales Price / List Price Ratio | 105.22% | 106.39% | 110.28% | 108.16% | 103.09% |
| Number of Properties Sold | 120 | 21 | 40 | 24 | 33 |
| Month’s Supply of Inventory | 3.26 | 2.1 | 1.52 | 3.29 | 1.52 |
| Absorption Rate | 0.35 | 0.48 | 0.66 | 0.38 | 0.66 |
Average & Median Sales Price
The median sales price in July 2025 was $1,100,000, down -12.22% from $1,253,156 from the previous month and -1.79% lower than $1,120,000 from July 2024. The July 2025 median sales price was at a mid level compared to July 2024 and 2023.
The average sales price in July 2025 was $1,131,807, down -15.90% from $1,345,848 from the previous month and -12.16% lower than $1,288,508 from July 2024. The July 2025 average sale price was at its lowest level compared to July 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 July 2025 sales price/list price ratio was 106.39%, down from 110.28% from the previous month and up from 103.09% from July 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in July 2025 was 21, down -47.50% from 40 from the previous month and -36.36% lower than 33 from July 2024. The July 2025 sales were at its lowest level compared to July 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 July 2025 was 32 days, up 18.52% from 27 days from the previous month and -36.00% lower than 50 days from July 2024. The July 2025 DOM was at its lowest level compared with July 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 July 2025 was $370, down -8.19% from $403 from the previous month and equal to July 2024.
Inventory & MSI
The number of properties for sale in July 2025 was 44, down -27.87% from 61 from the previous month and -12.00% lower than 50 from July 2024. The July 2025 inventory was at its lowest level compared with July 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2025 MSI of 2.1 months was at its highest level compared with July 2024 and 2023.
New Listings
The number of new listings in July 2025 was 32, down -13.51% from 37 from the previous month and 68.42% higher than 19 from July 2024. The July 2025 listings were at its highest level compared to July 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the July 2025 Ridgefield Market Update:
🏠 Prices are cooling from peak – Median sales price was $1.10M, down 12% from June's $1.25M but holding steady compared to last July. Average price also dropped 16% month-over-month to $1.13M.
⏰ Homes taking slightly longer to sell – Average days on market increased to 32 days, up from 27 last month, though still 36% faster than July 2024's 50 days. Market pace remains strong historically.
📉 Inventory continues declining – Only 44 homes for sale, a 28% drop from June and 12% below last year. Month's Supply of Inventory ticked up to 2.1 months but remains in seller-favorable territory.
📊 Sales activity slowed – 21 homes sold, down 48% from June's robust 40 sales and 36% below July 2024. Summer seasonal patterns and tight inventory both playing a role.
What Buyers and Sellers Need to Know
✨ Sellers: Market remains strong with homes selling at 106% of list price and inventory still critically low. Price strategically and don't panic over normal summer seasonality.
🔍 Buyers: You're seeing the first breathing room after an intense spring, but with only 44 homes available, expect competition and be ready to move quickly.
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