Wilton, 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 | 7 | 7 | 3 | 9 | 9 |
| Average Sales Price per Square Foot | 359 | 359 | 360 | 361 | 358 |
| Average Days on Market | 113 | 113 | 63 | 51 | 50 |
| Number of Properties for Sale | 18 | 18 | 22 | 38 | 20 |
| Average List Price | $1,560,711 | $1,560,711 | $1,447,400 | $1,439,042 | $1,594,590 |
| Median List Price | $1,367,500 | $1,367,500 | $1,342,500 | $1,235,500 | $1,267,000 |
| Average Sales Price | $1,145,625 | $1,145,625 | $1,319,714 | $1,358,363 | $1,053,482 |
| Median Sales Price | $1,227,500 | $1,227,500 | $935,000 | $1,130,833 | $955,000 |
| Sales Price / List Price Ratio | 103.39% | 103.39% | 101.58% | 103.17% | 101.15% |
| Number of Properties Sold | 12 | 12 | 21 | 19 | 27 |
| Month’s Supply of Inventory | 1.5 | 1.5 | 1.05 | 2.11 | 0.74 |
| Absorption Rate | 0.67 | 0.67 | 0.95 | 0.57 | 1.35 |
Average & Median Sales Price
The median sales price in January 2025 was $1,227,500, up 31.28% from $935,000 from the previous month and 28.53% higher than $955,000 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 $1,145,625, down -13.19% from $1,319,714 from the previous month and 8.75% higher than $1,053,482 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 103.39%, up from 101.58% from the previous month and up from 101.15% from January 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in January 2025 was 12, down -42.86% from 21 from the previous month and -55.56% lower than 27 from January 2024. The January 2025 sales were at a mid 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 113 days, up 79.37% from 63 days from the previous month and 126.00% higher than 50 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 $359, equal to the previous month and equal to January 2024.
Inventory & MSI
The number of properties for sale in January 2025 was 18, down -18.18% from 22 from the previous month and -10.0% 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 1.5 months was at a mid level compared with January 2024 and 2023.
New Listings
The number of new listings in January 2025 was 7, up 133.33% from 3 from the previous month and -22.22% lower than 9 from 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 Wilton Market Update:
🏠 Home prices jumped despite market slowdown – Median sales price rose 31% to $1.228M from December's unusually low $935K, and up 29% from last year. Homes still sell above asking at 103% of list price.
⏰ Homes taking much longer to sell – Average days on market spiked to 113 days, up 79% from last month and more than double last year's 50 days. This signals a major shift toward buyer conditions.
📈 Inventory remains severely limited – Only 18 homes for sale, down 18% monthly and 10% annually. New listings hit rock bottom at just 7 properties, though up from December's dismal 3.
📊 Sales activity collapsed – Just 12 closings, down 43% from last month and 56% from last year's 27 sales. This represents one of the weakest Januarys in years.
What Buyers and Sellers Need to Know
✨ Sellers: The 113-day average suggests you need competitive pricing despite low inventory. Market dynamics have clearly shifted against you.
🔍 Buyers: You have significantly more negotiating power with homes sitting for nearly four months. The handful of new listings creates opportunities for patient buyers.
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