Westport, 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 | 339 | 25 | 30 | 44 | 27 |
| Average Sales Price per Square Foot | 618 | 639 | 677 | 641 | 579 |
| Average Days on Market | 51 | 50 | 48 | 43 | 73 |
| Number of Properties for Sale | 810 | 80 | 111 | 122 | 91 |
| Average List Price | $4,122,027 | $4,127,932 | $3,776,861 | $3,816,331 | $4,005,722 |
| Median List Price | $3,460,313 | $3,680,000 | $3,300,000 | $3,165,000 | $3,695,000 |
| Average Sales Price | $2,582,794 | $2,807,781 | $2,696,779 | $2,618,417 | $2,979,564 |
| Median Sales Price | $2,306,808 | $2,600,000 | $2,077,500 | $2,096,570 | $2,327,500 |
| Sales Price / List Price Ratio | 102.74% | 103.04% | 103.18% | 103.9% | 102.37% |
| Number of Properties Sold | 194 | 31 | 34 | 33 | 38 |
| Month’s Supply of Inventory | 4.65 | 2.58 | 3.26 | 3.8 | 2.39 |
| Absorption Rate | 0.24 | 0.39 | 0.31 | 0.27 | 0.42 |
Average & Median Sales Price
The median sales price in August 2025 was $2,600,000, up 25.15% from $2,077,500 from the previous month and 11.71% higher than $2,327,500 from August 2024. The August 2025 median sales price was at its highest level compared to August 2024 and 2023.
The average sales price in August 2025 was $2,807,781, up 4.12% from $2,696,779 from the previous month and -5.77% lower than $2,979,564 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 103.04%, equal to the previous month and equal to August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 31, down -8.82% from 34 from the previous month and -18.42% lower than 38 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 50 days, up 4.17% from 48 days from the previous month and -31.51% lower than 73 days from August 2024. The August 2025 DOM was at a mid 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 $639, down -5.61% from $677 from the previous month and 10.36% higher than $579 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 80, down -27.93% from 111 from the previous month and -12.09% lower than 91 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 2.58 months was at its highest level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 25, down -16.67% from 30 from the previous month and -7.41% lower than 27 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 Westport Market Update:
🏠 Home prices surging upward – Median sales price is $2.6M, up 25.15% from July's $2.08M, and up 11.71% from last year's $2.33M. Strong appreciation momentum.
⏳ Homes taking slightly longer to sell – Average days on market rose to 50 days, up 4.17% from July's 48 days, but down 31.51% from last year's 73-day pace. Still a relatively fast-moving market.
📉 Inventory tightening significantly – 80 homes for sale, down 27.93% from last month's 111, and down 12.09% from last year's 91. Much tighter market conditions.
📈 Sales activity moderating – 31 homes closed in August, down 8.82% from July's 34, and down 18.42% from last year's 38. Slower transaction volume.
What Buyers and Sellers Need to Know
✨ Sellers: Exceptional pricing power with strong appreciation, especially coming out of summer. Market timing remains favorable with limited competition from inventory constraints.
🔍 Buyers: Prepare for higher prices and limited choices. The significant inventory drop means fewer options, but days on market remain reasonable for serious purchasers.
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