Ridgefield, 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 | 53 | 25 | 15 | 10 | 31 |
| Average Sales Price per Square Foot | 389 | 377 | 408 | 414 | 395 |
| Average Days on Market | 70 | 99 | 64 | 62 | 55 |
| Number of Properties for Sale | 85 | 25 | 29 | 32 | 38 |
| Average List Price | $1,481,948 | $1,573,504 | $1,320,576 | $1,525,050 | $1,828,042 |
| Median List Price | $1,217,667 | $1,175,000 | $1,079,000 | $1,318,333 | $1,162,500 |
| Average Sales Price | $1,435,446 | $1,607,383 | $1,565,333 | $1,325,405 | $1,515,816 |
| Median Sales Price | $1,317,000 | $1,595,000 | $1,374,000 | $1,209,500 | $1,250,000 |
| Sales Price / List Price Ratio | 100.49% | 101.02% | 98.04% | 101.43% | 107.02% |
| Number of Properties Sold | 37 | 15 | 9 | 11 | 12 |
| Month’s Supply of Inventory | 2.42 | 1.67 | 3.22 | 2.87 | 3.17 |
| Absorption Rate | 0.44 | 0.6 | 0.31 | 0.35 | 0.32 |
Average & Median Sales Price
The median sales price in March 2026 was $1,595,000, up 16.08% from $1,374,000 from the previous month and 27.60% higher than $1,250,000 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 $1,607,383, up 2.69% from $1,565,333 from the previous month and 6.04% higher than $1,515,816 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 101.02%, up from 98.04% from the previous month and down from 107.02% from March 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in March 2026 was 15, up 66.67% from 9 from the previous month and 25.00% higher than 12 from March 2025. The March 2026 sales were at its highest 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 99 days, up 54.69% from 64 days from the previous month and 80.0% higher than 55 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 $377, down -7.60% from $408 from the previous month and -4.56% lower than $395 from March 2025.
Inventory & MSI
The number of properties for sale in March 2026 was 25, down -13.79% from 29 from the previous month and -34.21% lower than 38 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 1.67 months was at its lowest level compared with March 2025 and 2024.
New Listings
The number of new listings in March 2026 was 25, up 66.67% from 15 from the previous month and -19.35% lower than 31 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 Ridgefield Market Update:
🏠 Prices pushing higher – Median sales price jumped to $1,595,000, up 16.08% from February’s $1,374,000 and up 27.60% from last year’s $1,250,000. Average sales price at $1,607,383, up 2.69% monthly and 6.04% year-over-year.
⏳ Market pace slowing sharply – Average days on market at 99 days, up 54.69% from February’s 64 and up 80.00% from last year’s 55 days. Highest DOM level compared with March 2025 and 2024.
📈 Inventory tightening again – 25 homes for sale, down 13.79% from last month’s 29 and down 34.21% from last year’s 38, at lowest level compared to prior years.
📉 Sales surging, listings rebounding – 15 homes closed, up 66.67% from February and up 25.00% from last year’s 12, at highest level compared to March 2025 and 2024. New listings at 25, up 66.67% from February but down 19.35% year-over-year, remaining historically constrained.
What Buyers and Sellers Need to Know
✨ Sellers: Median price at $1,595,000 (up 27.60% year-over-year), ultra-low 1.67-month supply, and absorption rate rising to 0.60 from 0.31 last month signal strong seller leverage despite longer market times.
🔍 Buyers: Prices continue climbing with median up 27.60% year-over-year, while inventory remains tight (down 34% annually). Homes now selling slightly above asking at 101.02% suggests competition remains, even as longer days on market may create selective negotiating opportunities.
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