Ridgefield, CT February 2026 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
The overview below shows real estate activity for January 2026. You will see data comparisons between January and the previous month, the last three months and January 2025.
| Overview | YTD Avg. | January | December | Oct. – Dec. | Jan. 2025 |
|---|---|---|---|---|---|
| New Listings | 12 | 12 | 2 | 12 | 20 |
| Average Sales Price per Square Foot | 387 | 387 | 452 | 405 | 369 |
| Average Days on Market | 42 | 42 | 75 | 55 | 55 |
| Number of Properties for Sale | 21 | 21 | 34 | 49 | 32 |
| Average List Price | $1,746,510 | $1,746,510 | $1,742,094 | $1,806,469 | $1,832,862 |
| Median List Price | $1,595,000 | $1,595,000 | $1,530,000 | $1,512,333 | $1,150,000 |
| Average Sales Price | $1,161,008 | $1,161,008 | $1,277,258 | $1,225,153 | $1,786,389 |
| Median Sales Price | $1,038,500 | $1,038,500 | $1,272,500 | $1,169,167 | $1,350,000 |
| Sales Price / List Price Ratio | 103.05% | 103.05% | 103.84% | 103.87% | 101.39% |
| Number of Properties Sold | 12 | 12 | 12 | 15 | 9 |
| Month’s Supply of Inventory | 1.75 | 1.75 | 2.83 | 3.15 | 3.56 |
| Absorption Rate | 0.57 | 0.57 | 0.35 | 0.32 | 0.28 |
Average & Median Sales Price
The median sales price in January 2026 was $1,038,500, down -18.39% from $1,272,500 from the previous month and -23.07% lower than $1,350,000 from January 2025. The January 2026 median sales price was at its lowest level compared to January 2025 and 2024. The average sales price in January 2026 was $1,161,008, down -9.10% from $1,277,258 from the previous month and -35.01% lower than $1,786,389 from January 2025. The January 2026 average sale price was at its lowest level compared to January 2025 and 2024.
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 2026 sales price/list price ratio was 103.05%, equal to the previous month and up from 101.39% from January 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in January 2026 was 12, equal to the previous month and 33.33% higher than 9 from January 2025. The January 2026 sales were at a mid level compared to January 2025 and 2024. 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 2026 was 42 days, down -44.00% from 75 days from the previous month and -23.64% lower than 55 days from January 2025. The January 2026 DOM was at its lowest level compared with January 2025 and 2024.
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 2026 was $387, down -14.38% from $452 from the previous month and 4.88% higher than $369 from January 2025.
Inventory & MSI
The number of properties for sale in January 2026 was 21, down -38.24% from 34 from the previous month and -34.38% lower than 32 from January 2025. The January 2026 inventory was at its lowest level compared with January 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2026 MSI of 1.75 months was at its lowest level compared with January 2025 and 2024.
New Listings
The number of new listings in January 2026 was 12, up 500% from 2 from the previous month and -40.0% lower than 20 from January 2025. The January 2026 listings were at its lowest level compared to January 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the January 2026 Ridgefield Market Update:
🏠 Prices pulling back after December spike – Average sales price dropped to $1.16M, down 9.10% from December and down 35.01% from last year. Median fell to $1.04M, down 18.39% monthly and down 23.07% year-over-year. January normalizing after December's unusually high prices.
⏳ Homes selling significantly faster – Average days on market plunged to 42 days, down 44.00% from December's 75 days and down 23.64% from last year's 55 days. January 2026 DOM at its lowest level compared to January 2025 and 2024.
📉 Inventory at lowest level – 21 homes for sale, down 38.24% from last month's 34, and down 34.38% from last year's 32. January 2026 inventory at its lowest level compared to January 2025 and 2024.
📊 Sales steady with strong year-over-year gain – 12 homes closed, equal to December's 12, but up 33.33% from last year's 9. New listings rebounded 500% to 12 from December's 2.
What Buyers and Sellers Need to Know
✨ Sellers: Critically low inventory (lowest in three years) combined with faster sales velocity creates competitive conditions. New listings surging from December's holiday lull signals market reactivation.
🔍 Buyers: Dramatically faster sales (42 days vs 75 in December) and lowest inventory levels in three years mean opportunities won't last. Homes selling 44% faster than last month—act decisively.
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