Darien, CT April 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
March 2025
Overview
The overview below shows real estate activity from January 2025 to March 2025. You will see data comparisons between March and the previous month, the last three months and March 2024.
| Overview | YTD Avg. | March | February | Dec. – Feb. | Mar. 2024 |
|---|---|---|---|---|---|
| New Listings | 65 | 30 | 18 | 12 | 25 |
| Average Sales Price per Square Foot | 755 | 645 | 910 | 764 | 522 |
| Average Days on Market | 38 | 31 | 31 | 40 | 48 |
| Number of Properties for Sale | 66 | 22 | 22 | 20 | 34 |
| Average List Price | $5,015,983 | $6,528,409 | $4,331,136 | $4,722,074 | $3,813,191 |
| Median List Price | $3,930,000 | $4,637,500 | $3,682,500 | $4,031,333 | $2,722,500 |
| Average Sales Price | $2,693,308 | $2,862,954 | $3,148,333 | $2,390,627 | $1,542,375 |
| Median Sales Price | $2,305,833 | $2,500,000 | $2,567,500 | $2,237,833 | $1,437,500 |
| Sales Price / List Price Ratio | 102.61% | 104.55% | 98.14% | 103.5% | 109.06% |
| Number of Properties Sold | 30 | 13 | 6 | 11 | 8 |
| Month’s Supply of Inventory | 2.45 | 1.69 | 3.67 | 2.22 | 4.25 |
| Absorption Rate | 0.45 | 0.59 | 0.27 | 0.59 | 0.24 |
Average & Median Sales Price
The median sales price in March 2025 was $2,500,000, down -2.63% from $2,567,500 from the previous month and 73.91% higher than $1,437,500 from March 2024. The March 2025 median sales price was at its highest level compared to March 2024 and 2023.
The average sales price in March 2025 was $2,862,954, down -9.06% from $3,148,333 from the previous month and 85.62% higher than $1,542,375 from March 2024. The March 2025 average sale price was at its highest level compared to March 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 March 2025 sales price/list price ratio was 104.55%, up from 98.14% from the previous month and down from 109.06% from March 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in March 2025 was 13, up 116.67% from 6 from the previous month and 62.50% higher than 8 from March 2024. The March 2025 sales were at a mid level compared to March 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 March 2025 was 31 days, equal to the previous month and -35.42% lower than 48 days from March 2024. The March 2025 DOM was at its lowest level compared with March 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 March 2025 was $645, down -29.12% from $910 from the previous month and 23.56% higher than $522 from March 2024.
Inventory & MSI
The number of properties for sale in March 2025 was 22, equal to the previous month and -35.29% lower than 34 from March 2024. The March 2025 inventory was at its lowest level compared with March 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2025 MSI of 1.69 months was at its lowest level compared with March 2024 and 2023.
New Listings
The number of new listings in March 2025 was 30, up 66.67% from 18 from the previous month and 20.0% higher than 25 from March 2024. The March 2025 listings were at a mid level compared to March 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the March 2025 Darien Market Update:
🏠 Home prices remain at record highs – Median sales price is $2.5M. That's down slightly (3%) from last month but up a massive 74% from last year. Prices are at their highest levels on record.
⏰ Homes are selling quickly – Average days on market is 31 days, unchanged from last month but 35% faster than last year's 48 days. This represents one of the fastest selling markets in recent years.
📈 Inventory extremely tight – 22 homes for sale, unchanged from last month but down 35% from a year ago. This is one of the lowest inventory levels on record.
📊 Sales activity rebounded strongly – 13 homes closed in March, more than doubling from 6 last month and up 63% from last year. Strong recovery after a slow February.
What Buyers and Sellers Need to Know
✨ Sellers: You're in an excellent position with homes selling at 104.5% of asking price. The combination of ultra-low inventory and quick sale times means you can price aggressively. Properties are moving in about a month.
🔍 Buyers: Expect to pay above asking price in this highly competitive market. With only 1.7 months of supply and properties selling above list price, you'll need to act quickly and come in strong. The extremely low inventory gives sellers significant leverage.
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