Fairfield, CT August 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 July 2025. You will see data comparisons between July and the previous month, the last three months and July 2024.
| Overview | YTD Avg. | July | June | Apr. – Jun. | Jul. 2024 |
|---|---|---|---|---|---|
| New Listings | 479 | 65 | 81 | 81 | 77 |
| Average Sales Price per Square Foot | 494 | 455 | 490 | 480 | 463 |
| Average Days on Market | 54 | 45 | 46 | 50 | 39 |
| Number of Properties for Sale | 880 | 111 | 150 | 146 | 159 |
| Average List Price | $1,723,836 | $2,230,626 | $1,869,019 | $1,748,728 | $1,713,077 |
| Median List Price | $1,109,421 | $1,599,000 | $1,199,500 | $1,106,317 | $925,000 |
| Average Sales Price | $1,389,505 | $1,244,220 | $1,416,190 | $1,377,502 | $1,349,988 |
| Median Sales Price | $1,063,857 | $1,100,000 | $1,057,000 | $976,500 | $1,175,000 |
| Sales Price / List Price Ratio | 102.83% | 104.17% | 104.01% | 103.93% | 102.39% |
| Number of Properties Sold | 314 | 54 | 70 | 57 | 72 |
| Month’s Supply of Inventory | 3.01 | 2.06 | 2.14 | 2.61 | 2.21 |
| Absorption Rate | 0.35 | 0.49 | 0.47 | 0.39 | 0.45 |
Average & Median Sales Price
The median sales price in July 2025 was $1,100,000, up 4.07% from $1,057,000 from the previous month and -6.38% lower than $1,175,000 from July 2024. The July 2025 median sales price was at a mid level compared to July 2024 and 2023.
The average sales price in July 2025 was $1,244,220, down -12.14% from $1,416,190 from the previous month and -7.83% lower than $1,349,988 from July 2024. The July 2025 average sale price was at its lowest level compared to July 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 July 2025 sales price/list price ratio was 104.17%, equal to the previous month and up from 102.39% from July 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in July 2025 was 54, down -22.86% from 70 from the previous month and -25.00% lower than 72 from July 2024. The July 2025 sales were at its lowest level compared to July 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 July 2025 was 45 days, down -2.17% from 46 days from the previous month and 15.38% higher than 39 days from July 2024. The July 2025 DOM was at a mid level compared with July 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 July 2025 was $455, down -7.14% from $490 from the previous month and -1.73% lower than $463 from July 2024.
Inventory & MSI
The number of properties for sale in July 2025 was 111, down -26.00% from 150 from the previous month and -30.19% lower than 159 from July 2024. The July 2025 inventory was at its lowest level compared with July 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2025 MSI of 2.06 months was at its lowest level compared with July 2024 and 2023.
New Listings
The number of new listings in July 2025 was 65, down -19.75% from 81 from the previous month and -15.58% lower than 77 from July 2024. The July 2025 listings were at a mid level compared to July 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the July 2025 Fairfield Market Update:
🏠 Home prices showing modest growth – Median sales price reached $1.1M, up 4% from June's $1.06M, but down 6% from last year's $1.18M. Measured appreciation continues.
⏳ Homes selling at steady pace – Average days on market held at 45 days, unchanged from June's 46 days, though 15% slower than last year's 39-day pace. Deliberate selling timeline persists.
📉 Inventory significantly contracted – Only 111 homes for sale, down 26% from last month's 150, and 30% lower than last year's 159. Dramatic supply reduction creates price support.
📈 Sales activity declined – 54 homes closed in July, down 23% from June's 70, and 25% lower than last year's 72. Substantial volume despite constraints.
What Buyers and Sellers Need to Know
✨ Sellers: Favorable conditions with 26% less competition and steady demand. The 45-day selling timeline provides predictable market conditions for strategic pricing without pressure tactics.
🔍 Buyers: Limited selection is your main challenge rather than bidding wars. With only 111 homes available, focus on being prepared and flexible to maximize opportunities in this supply-constrained but accessible market.
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