Ridgefield, CT September 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 August 2025. You will see data comparisons between August and the previous month, the last three months and August 2024.
| Overview | YTD Avg. | August | July | May – Jul. | Aug. 2024 |
|---|---|---|---|---|---|
| New Listings | 243 | 16 | 35 | 39 | 18 |
| Average Sales Price per Square Foot | 384 | 371 | 366 | 391 | 357 |
| Average Days on Market | 46 | 37 | 33 | 34 | 48 |
| Number of Properties for Sale | 395 | 40 | 67 | 65 | 45 |
| Average List Price | $1,740,198 | $1,978,414 | $1,715,655 | $1,650,016 | $1,529,781 |
| Median List Price | $1,271,063 | $1,797,500 | $1,350,000 | $1,296,167 | $1,150,000 |
| Average Sales Price | $1,269,490 | $1,182,191 | $1,109,498 | $1,160,974 | $1,245,679 |
| Median Sales Price | $1,088,395 | $1,050,000 | $1,083,000 | $1,112,052 | $1,199,000 |
| Sales Price / List Price Ratio | 104.99% | 104.15% | 105.62% | 107.65% | 102.15% |
| Number of Properties Sold | 147 | 24 | 24 | 27 | 39 |
| Month’s Supply of Inventory | 3.16 | 1.67 | 2.79 | 2.67 | 1.15 |
| Absorption Rate | 0.37 | 0.6 | 0.36 | 0.43 | 0.87 |
Average & Median Sales Price
The median sales price in August 2025 was $1,050,000, down -3.05% from $1,083,000 from the previous month and -12.43% lower than $1,199,000 from August 2024. The August 2025 median sales price was at its lowest level compared to August 2024 and 2023.
The average sales price in August 2025 was $1,182,191, up 6.55% from $1,109,498 from the previous month and -5.10% lower than $1,245,679 from August 2024. The August 2025 average sale price was at a mid level compared to August 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 August 2025 sales price/list price ratio was 104.15%, down from 105.62% from the previous month and up from 102.15% from August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 24, equal to the previous month and -38.46% lower than 39 from August 2024. The August 2025 sales were at its lowest level compared to August 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 August 2025 was 37 days, up 12.12% from 33 days from the previous month and -22.92% lower than 48 days from August 2024. The August 2025 DOM was at its lowest level compared with August 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 August 2025 was $371, up 1.37% from $366 from the previous month and 3.92% higher than $357 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 40, down -40.30% from 67 from the previous month and -11.11% lower than 45 from August 2024. The August 2025 inventory was at its lowest level compared with August 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2025 MSI of 1.67 months was at a mid level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 16, down -54.29% from 35 from the previous month and -11.11% lower than 18 from August 2024. The August 2025 listings were at its lowest level compared to August 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the August 2025 Ridgefield Market Update:
🏠 Home prices showing mixed signals with modest decline – Median sales price is $1,050,000. That's down 3.05% from July's $1,083,000 and down 12.43% from last year's $1,199,000, reflecting continued market adjustment from previous peaks.
⏰ Homes selling efficiently despite slight increase – Average days on market is 37 days, up 12.12% from July's 33 days but still significantly faster than last year's 48 days. Market timing remains favorable overall.
📈 Inventory drops sharply creating tighter supply – 40 homes for sale, down 40.30% from last month's 67 but down 11.11% from last year's 45 homes. The dramatic monthly decline indicates limited seller activity.
📊 Sales activity maintains steady pace – 24 homes closed in August, equal to July's 24 closings but down 38.46% from last year's robust 39 sales. Transaction volume shows consistency month-over-month.
What Buyers and Sellers Need to Know
✨ Sellers: Market conditions favor your position with inventory dropping 40% this month and only 1.67 months of supply. The 24 active buyers demonstrate consistent demand despite seasonal patterns.
🔍 Buyers: Act decisively in this tighter inventory environment. With 37-day average marketing time and homes still selling above list price (104.15% ratio), strong offers and quick decisions will be essential for success.
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