Norwalk, CT December 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 November 2025. You will see data comparisons between November and the previous month, the last three months and November 2024.
| Overview | YTD Avg. | November | October | Aug. – Oct. | Nov. 2024 |
|---|---|---|---|---|---|
| New Listings | 615 | 29 | 49 | 60 | 34 |
| Average Sales Price per Square Foot | 450 | 453 | 461 | 442 | 487 |
| Average Days on Market | 49 | 46 | 52 | 49 | 43 |
| Number of Properties for Sale | 1196 | 70 | 109 | 121 | 93 |
| Average List Price | $1,023,599 | $886,917 | $933,080 | $1,003,549 | $814,133 |
| Median List Price | $744,455 | $712,000 | $739,000 | $746,167 | $709,900 |
| Average Sales Price | $995,579 | $1,126,351 | $1,102,272 | $980,747 | $1,127,222 |
| Median Sales Price | $783,825 | $807,500 | $789,000 | $759,667 | $779,000 |
| Sales Price / List Price Ratio | 104.38% | 100.68% | 102.99% | 103.23% | 102.87% |
| Number of Properties Sold | 475 | 44 | 53 | 50 | 40 |
| Month’s Supply of Inventory | 2.62 | 1.59 | 2.06 | 2.42 | 2.33 |
| Absorption Rate | 0.41 | 0.63 | 0.49 | 0.42 | 0.43 |
Average & Median Sales Price
The median sales price in November 2025 was $807,500, up 2.34% from $789,000 from the previous month and 3.66% higher than $779,000 from November 2024. The November 2025 median sales price was at its highest level compared to November 2024 and 2023. The average sales price in November 2025 was $1,126,351, up 2.18% from $1,102,272 from the previous month and equal to November 2024. The November 2025 average sale price was at a mid level compared to November 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 November 2025 sales price/list price ratio was 100.68%, down from 102.99% from the previous month and down from 102.87% from November 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in November 2025 was 44, down -16.98% from 53 from the previous month and 10.0% higher than 40 from November 2024. The November 2025 sales were at its highest level compared to November 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 November 2025 was 46 days, down -11.54% from 52 days from the previous month and 6.98% higher than 43 days from November 2024. The November 2025 DOM was at its highest level compared with November 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 November 2025 was $453, down -1.74% from $461 from the previous month and -6.98% lower than $487 from November 2024.
Inventory & MSI
The number of properties for sale in November 2025 was 70, down -35.78% from 109 from the previous month and -24.73% lower than 93 from November 2024. The November 2025 inventory was at its lowest level compared with November 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2025 MSI of 1.59 months was at its lowest level compared with November 2024 and 2023.
New Listings
The number of new listings in November 2025 was 29, down -40.82% from 49 from the previous month and -14.71% lower than 34 from November 2024. The November 2025 listings were at its lowest level compared to November 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the November 2025 Norwalk Market Update:
🏠 Prices holding steady with slight growth – Median sales price $807,500, up 2.34% from October's $789,000, and up 3.66% from last year's $779,000 at highest level compared to November 2024 and 2023. Average $1,126,351, up 2.18% from October.
⏳ Homes selling slightly slower than last year – Average days on market 46 days, down 11.54% from October's 52 days, but up 6.98% from last year's 43 days at highest level compared to November 2024 and 2023.
📉 Inventory shortage continues – Only 70 homes for sale, down 35.78% from October's 109, and down 24.73% from last year's 93 at lowest level in three years. Low 1.59 months supply also at lowest level in three years.
📉 Sales volume up from last year – 44 homes closed, down 16.98% from October's 53, but up 10% from last year's 40 at highest level compared to November 2024 and 2023.
What Buyers and Sellers Need to Know
✨ Sellers: Low 1.59 months inventory creates favorable conditions, though homes selling just below list price at 100.68%. Limited supply maintains seller advantage with only 70 homes available—lowest in three years.
🔍 Buyers: Reduced competition from last month with fewer listings but still tight inventory. Homes spending 46 days on market provides more time to decide. Price per square foot down 6.98% year-over-year at $453, offering better value than 2024.
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