Easton, CT February 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report – January 2025
Overview
The overview below shows real estate activity for January 2025. You will see data comparisons between January and the previous month, the last three months and January 2024.
| Overview | YTD Avg. | January | December | Oct. – Dec. | Jan. 2024 |
|---|---|---|---|---|---|
| New Listings | 4 | 4 | 3 | 4 | 4 |
| Average Sales Price per Square Foot | 327 | 327 | 345 | 285 | 270 |
| Average Days on Market | 188 | 188 | 58 | 56 | 86 |
| Number of Properties for Sale | 6 | 6 | 8 | 15 | 20 |
| Average List Price | $2,253,667 | $2,253,667 | $1,947,625 | $1,685,342 | $1,307,925 |
| Median List Price | $2,097,000 | $2,097,000 | $1,624,000 | $1,316,333 | $1,187,000 |
| Average Sales Price | $1,013,333 | $1,013,333 | $1,671,429 | $1,212,032 | $984,317 |
| Median Sales Price | $950,000 | $950,000 | $1,197,000 | $979,667 | $910,450 |
| Sales Price / List Price Ratio | 96.95% | 96.95% | 97.97% | 98.22% | 96.41% |
| Number of Properties Sold | 3 | 3 | 7 | 6 | 6 |
| Month’s Supply of Inventory | 2 | 2 | 1.14 | 3.34 | 3.33 |
| Absorption Rate | 0.5 | 0.5 | 0.88 | 0.55 | 0.3 |
Average & Median Sales Price
The median sales price in January 2025 was $950,000, down -20.63% from $1,197,000 from the previous month and 4.34% higher than $910,450 from January 2024. The January 2025 median sales price was at its highest level compared to January 2024 and 2023.
The average sales price in January 2025 was $1,013,333, down -39.37% from $1,671,429 from the previous month and 2.95% higher than $984,317 from January 2024. The January 2025 average sale price was at its highest level compared to January 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 January 2025 sales price/list price ratio was 96.95%, down from 97.97% from the previous month and equal to January 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in January 2025 was 3, down -57.14% from 7 from the previous month and -50.0% lower than 6 from January 2024. The January 2025 sales were at its lowest level compared to January 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 January 2025 was 188 days, up 224.14% from 58 days from the previous month and 118.60% higher than 86 days from January 2024. The January 2025 DOM was at its highest level compared with January 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 January 2025 was $327, down -5.22% from $345 from the previous month and 21.11% higher than $270 from January 2024.
Inventory & MSI
The number of properties for sale in January 2025 was 6, down -25.00% from 8 from the previous month and -70.0% lower than 20 from January 2024. The January 2025 inventory was at its lowest level compared with January 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2025 MSI of 2 months was at its lowest level compared with January 2024 and 2023.
New Listings
The number of new listings in January 2025 was 4, up 33.33% from 3 from the previous month and equal to January 2024. The January 2025 listings were at its lowest level compared to January 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the January 2025 Easton Market Update:
🏠 Prices dropped significantly – Median sales price fell to $950K, down 21% from December but up 4% from last year. Market showing clear correction from recent highs.
⏰ Homes taking much longer to sell – Average days on market spiked to 188 days, up 224% from December and 119% above last year's 86 days. Major shift toward buyer's market conditions.
📈 Inventory extremely tight – Only 6 homes available, down 25% from December and 70% below last year. Lowest January inventory compared to 2024 and 2023.
📊 Sales volume plummeted – Just 3 homes sold, down 57% from December and 50% below last year. Lowest sales activity compared to January 2024 and 2023.
What Buyers and Sellers Need to Know
✨ Sellers: Homes selling below asking at 97% of list price and taking over 6 months to sell. The 2-month supply still favors sellers, but longer market times signal changing dynamics.
🔍 Buyers: Significant market shift creates opportunities with homes selling below asking price. Extremely limited inventory but sellers becoming more realistic on pricing and timing.
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