Westport, 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 | 312 | 29 | 42 | 59 | 37 |
| Average Sales Price per Square Foot | 614 | 677 | 610 | 616 | 588 |
| Average Days on Market | 51 | 48 | 35 | 46 | 36 |
| Number of Properties for Sale | 715 | 102 | 126 | 124 | 104 |
| Average List Price | $4,157,227 | $3,929,602 | $3,920,694 | $3,887,762 | $3,724,940 |
| Median List Price | $3,496,643 | $3,474,500 | $3,249,500 | $3,164,833 | $2,949,000 |
| Average Sales Price | $2,550,653 | $2,696,779 | $2,370,361 | $2,618,341 | $2,473,675 |
| Median Sales Price | $2,264,923 | $2,077,500 | $2,012,211 | $2,382,237 | $2,000,000 |
| Sales Price / List Price Ratio | 102.7% | 103.18% | 105.35% | 103.52% | 103.26% |
| Number of Properties Sold | 163 | 34 | 40 | 29 | 33 |
| Month’s Supply of Inventory | 4.87 | 3 | 3.15 | 4.66 | 3.15 |
| Absorption Rate | 0.22 | 0.33 | 0.32 | 0.23 | 0.32 |
Average & Median Sales Price
The median sales price in July 2025 was $2,077,500, up 3.24% from $2,012,211 from the previous month and 3.88% higher than $2,000,000 from July 2024. The July 2025 median sales price was at a mid level compared to July 2024 and 2023.
TThe average sales price in July 2025 was $2,696,779, up 13.77% from $2,370,361 from the previous month and 9.02% higher than $2,473,675 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 103.18%, down from 105.35% from the previous month and equal to July 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in July 2025 was 34, down -15.00% from 40 from the previous month and 3.03% higher than 33 from July 2024. The July 2025 sales were at a mid 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 48 days, up 37.14% from 35 days from the previous month and 33.33% higher than 36 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 $677, up 10.98% from $610 from the previous month and 15.14% higher than $588 from July 2024.
Inventory & MSI
The number of properties for sale in July 2025 was 102, down -19.05% from 126 from the previous month and -1.92% lower than 104 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 3 months was at a mid level compared with July 2024 and 2023.
New Listings
The number of new listings in July 2025 was 29, down -30.95% from 42 from the previous month and -21.62% lower than 37 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 Westport Market Update:
🏠 Home prices continuing upward – Median sales price is $2.08M, up 3.2% from June's $2.01M, and up 3.9% from last year's $2.0M. Steady growth trajectory.
⏳ Homes taking longer to sell – Average days on market rose to 48 days, up 37% from June's lightning-fast 35 days, and 33% higher than last year's 36-day pace.
📉 Inventory shrinking – 102 homes for sale, down 19% from last month's 126, and down 2% from last year's 104. Tighter market conditions.
📈 Sales activity steady – 34 homes closed in July, down 15% from June's 40, but up 3% from last year's 33. Balanced activity levels.
What Buyers and Sellers Need to Know
✨ Sellers: Strong pricing power with continued appreciation, but expect longer marketing times as the ultra-fast spring pace normalizes. Quality presentation essential.
🔍 Buyers: More time to evaluate options as market pace moderates, but inventory remains tight. Move decisively on well-priced properties—competition still exists.
Want Personalized Advice?
Have thoughts or questions? Let me know what you think!
Feel free to reach out anytime—and don’t forget to like and subscribe for more updates on the Weston market!
