Redding, CT August 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
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 | 100 | 9 | 15 | 22 | 14 |
| Average Sales Price per Square Foot | 322 | 316 | 361 | 313 | 338 |
| Average Days on Market | 75 | 47 | 31 | 67 | 47 |
| Number of Properties for Sale | 230 | 34 | 48 | 41 | 35 |
| Average List Price | $1,431,300 | $1,732,588 | $1,556,331 | $1,418,312 | $1,514,154 |
| Median List Price | $1,082,857 | $1,065,000 | $997,500 | $1,037,333 | $1,199,000 |
| Average Sales Price | $1,092,261 | $1,253,974 | $952,000 | $938,805 | $1,099,427 |
| Median Sales Price | $1,026,129 | $1,199,000 | $975,000 | $903,300 | $869,000 |
| Sales Price / List Price Ratio | 98.36% | 103.95% | 106.31% | 99.74% | 99.51% |
| Number of Properties Sold | 65 | 19 | 12 | 9 | 13 |
| Month’s Supply of Inventory | 3.97 | 1.79 | 4 | 4.95 | 2.69 |
| Absorption Rate | 0.29 | 0.56 | 0.25 | 0.21 | 0.37 |
Average & Median Sales Price
The median sales price in July 2025 was $1,199,000, up 22.97% from $975,000 from the previous month and 37.97% higher than $869,000 from July 2024. The July 2025 median sales price was at its highest level compared to July 2024 and 2023.
The average sales price in July 2025 was $1,253,974, up 31.72% from $952,000 from the previous month and 14.06% higher than $1,099,427 from July 2024. The July 2025 average sale price was at its highest 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 103.95%, down from 106.31% from the previous month and up from 99.51% from July 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in July 2025 was 19, up 58.33% from 12 from the previous month and 46.15% higher than 13 from July 2024. The July 2025 sales were at its highest 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 47 days, up 51.61% from 31 days from the previous month and equal to 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 $316, down -12.47% from $361 from the previous month and -6.51% lower than $338 from July 2024.
Inventory & MSI
The number of properties for sale in July 2025 was 34, down -29.17% from 48 from the previous month and -2.86% lower than 35 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 1.79 months was at its lowest level compared with July 2024 and 2023.
New Listings
The number of new listings in July 2025 was 9, down -40.0% from 15 from the previous month and -35.71% lower than 14 from July 2024. The July 2025 listings were at its lowest level compared to July 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the July 2025 Redding Market Update:
🏠 Home prices showing strong momentum with solid gains – Median sales price is $1,199,000. That's up 23% from June's $975,000 and up 38% from last year's $869,000. The market is finding sustained strength with consistent buyer demand.
⏳ Homes taking slightly longer to sell but still reasonable – Average days on market is 47 days, up 52% from June's fast-paced 31 days but matching last year's 47 days. The market is finding its natural rhythm after June's exceptional speed.
📈 Inventory tightening with fewer available homes – 34 homes for sale, down 29% from last month's 48 and nearly matching last year's constrained 35 homes. Supply remains limited, supporting continued price growth.
📊 Closed sales surging with strong buyer engagement – 19 homes closed in July, up 58% from June's 12 closings and 46% above last year's 13 sales. Buyer activity is accelerating despite the limited inventory.
What Buyers and Sellers Need to Know
✨ Sellers: You're in an excellent position with rising prices and strong buyer demand. Properties are moving at a steady pace, and the limited inventory supports premium pricing for well-presented homes.
🔍 Buyers: Act decisively in this competitive market. With inventory down significantly and sales activity up, quality properties are moving quickly. Be prepared to make strong offers on homes that meet your criteria, as demand clearly exceeds supply.
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