Wilton, 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 | 51 | 25 | 18 | 10 | 19 |
| Average Sales Price per Square Foot | 379 | 372 | 407 | 375 | 425 |
| Average Days on Market | 70 | 47 | 51 | 76 | 77 |
| Number of Properties for Sale | 83 | 27 | 32 | 26 | 41 |
| Average List Price | $1,635,480 | $1,623,511 | $1,631,022 | $1,576,019 | $1,635,871 |
| Median List Price | $1,413,667 | $1,299,000 | $1,469,500 | $1,428,167 | $1,279,000 |
| Average Sales Price | $1,601,830 | $2,362,083 | $1,297,783 | $1,254,374 | $1,210,625 |
| Median Sales Price | $1,364,583 | $1,751,250 | $1,115,000 | $1,092,500 | $1,062,500 |
| Sales Price / List Price Ratio | 104.11% | 105.16% | 103.77% | 102.91% | 114.24% |
| Number of Properties Sold | 24 | 6 | 6 | 13 | 8 |
| Month’s Supply of Inventory | 3.94 | 4.5 | 5.33 | 2.79 | 5.12 |
| Absorption Rate | 0.3 | 0.22 | 0.19 | 0.55 | 0.2 |
Average & Median Sales Price
The median sales price in March 2025 was $1,751,250, up 57.06% from $1,115,000 from the previous month and 64.82% higher than $1,062,500 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 $2,362,083, up 82.01% from $1,297,783 from the previous month and 95.11% higher than $1,210,625 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 105.16%, up from 103.77% from the previous month and down from 114.24% from March 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in March 2025 was 6, equal to the previous month and -25.00% lower than 8 from March 2024. The March 2025 sales were at its lowest 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 47 days, down -7.84% from 51 days from the previous month and -38.96% lower than 77 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 $372, down -8.60% from $407 from the previous month and -12.47% lower than $425 from March 2024.
Inventory & MSI
The number of properties for sale in March 2025 was 27, down -15.62% from 32 from the previous month and -34.15% lower than 41 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 4.5 months was at a mid level compared with March 2024 and 2023.
New Listings
The number of new listings in March 2025 was 25, up 38.89% from 18 from the previous month and 31.58% higher than 19 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 Wilton Market Update:
🏠 Home prices surged dramatically – Median sales price is $1.751M, rocketing up 57% from last month and an impressive 65% from last year. Average sales price hit $2.362M, up a massive 82% monthly and 95% annually - both at record highs.
⏰ Homes are selling faster – Average days on market dropped to 47, down 8% from last month's 51 days and significantly down 39% from last year's 77 days. The market is clearly accelerating.
📈 Inventory tightened further – Only 27 homes for sale, down 16% from 32 last month and down 34% from 41 a year ago. This represents the lowest inventory level in recent years, creating intense competition.
📊 Sales activity remained sluggish – Just 6 homes closed in March, matching last month's low but down 25% from 8 sales in March 2024. Despite high prices, transaction volume stayed weak.
What Buyers and Sellers Need to Know
✨ Sellers: You're in an exceptionally strong position with prices at record levels and homes selling above asking at 105% of list price. The combination of ultra-low inventory and faster selling times creates ideal conditions, though transaction volume suggests pricing at market limits.
🔍 Buyers: Prepare for fierce competition and premium pricing in this heavily seller-favored market. With inventory at historic lows and prices surging, expect to act quickly and pay above asking. The faster days on market means less time to deliberate on decisions.
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