Redding, CT April 2026 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 2026 to March 2026. You will see data comparisons between March and the previous month, the last three months and March 2025.
| Overview | YTD Avg. | March | February | Dec. – Feb. | Mar. 2025 |
|---|---|---|---|---|---|
| New Listings | 18 | 7 | 5 | 4 | 13 |
| Average Sales Price per Square Foot | 320 | 201 | 345 | 364 | 313 |
| Average Days on Market | 241 | 493 | 145 | 98 | 114 |
| Number of Properties for Sale | 49 | 16 | 16 | 16 | 25 |
| Average List Price | $1,880,140 | $1,878,525 | $1,913,200 | $1,869,650 | $1,259,572 |
| Median List Price | $947,667 | $912,000 | $952,000 | $965,000 | $995,000 |
| Average Sales Price | $1,411,646 | $2,417,500 | $841,770 | $967,860 | $809,438 |
| Median Sales Price | $1,349,603 | $2,417,500 | $828,808 | $886,436 | $822,500 |
| Sales Price / List Price Ratio | 96.37% | 92.16% | 95.22% | 98.8% | 93.2% |
| Number of Properties Sold | 14 | 2 | 6 | 6 | 8 |
| Month’s Supply of Inventory | 4.5 | 8 | 2.67 | 2.6 | 3.12 |
| Absorption Rate | 0.28 | 0.12 | 0.38 | 0.39 | 0.32 |
Average & Median Sales Price
The median sales price in March 2026 was $2,417,500, up 191.68% from $828,808 from the previous month and 193.92% higher than $822,500 from March 2025. The March 2026 median sales price was at its highest level compared to March 2025 and 2024. The average sales price in March 2026 was $2,417,500, up 187.19% from $841,770 from the previous month and 198.66% higher than $809,438 from March 2025. The March 2026 average sale price was at its highest level compared to March 2025 and 2024.
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 2026 sales price/list price ratio was 92.16%, down from 95.22% from the previous month and down from 93.2% from March 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in March 2026 was 2, down -66.67% from 6 from the previous month and -75.00% lower than 8 from March 2025. The March 2026 sales were at its lowest level compared to March 2025 and 2024. 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 2026 was 493 days, up 240.0% from 145 days from the previous month and 332.46% higher than 114 days from March 2025. The March 2026 DOM was at its highest level compared with March 2025 and 2024.
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 2026 was $201, down -41.74% from $345 from the previous month and -35.78% lower than $313 from March 2025.
Inventory & MSI
The number of properties for sale in March 2026 was 16, equal to the previous month and -36.00% lower than 25 from March 2025. The March 2026 inventory was at its lowest level compared with March 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2026 MSI of 8 months was at its highest level compared with March 2025 and 2024.
New Listings
The number of new listings in March 2026 was 7, up 40.0% from 5 from the previous month and -46.15% lower than 13 from March 2025. The March 2026 listings were at its lowest level compared to March 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the March 2026 Redding Market Update:
🏠 Average price surges on just 2 sales – Average and median sales price both hit $2,417,500, up ~190% from February’s $841,770 — the highest level compared to March 2025 and 2024.
⏳ DOM hits an extraordinary 493 days – Average days on market rose to 493 days, up 240% from February’s 145 and up 332% from last March’s 114. March 2026 DOM is at its highest level, though this figure is heavily influenced by the tiny sample of just 2 sales.
📉 Inventory at a three-year low, but MSI at a high – 16 homes for sale, equal to February and down 36% from last March’s 25. With so few sales closing, the March 2026 MSI of 8 months is at its highest level compared with March 2025 and 2024.
📊 Sales drop to lowest level in three years – 2 homes closed, down 66.67% from February’s 6 and down 75% from last March’s 8. New listings rose 40% to 7 from February’s 5, still down 46.15% from last March’s 13 — their lowest level in three years.
What Buyers and Sellers Need to Know
✨ Sellers: Inventory at a three-year low means less competition, but with only 2 sales closing this month and a 92.16% sale-to-list ratio, realistic pricing is essential to attract the right buyer.
🔍 Buyers: Redding’s extremely thin market means patience pays off — there’s room to negotiate below asking, and the growing inventory gives you options. When the right property appears, do your homework and move with confidence.
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