Norwalk, CT January 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 from January 2025 to December 2025. You will see data comparisons between December and the previous month, the last three months and December 2024.
| Overview | YTD Avg. | December | November | Sep. – Nov. | Dec. 2024 |
|---|---|---|---|---|---|
| New Listings | 631 | 14 | 31 | 50 | 15 |
| Average Sales Price per Square Foot | 449 | 439 | 451 | 446 | 438 |
| Average Days on Market | 50 | 56 | 46 | 48 | 52 |
| Number of Properties for Sale | 1270 | 53 | 87 | 108 | 69 |
| Average List Price | $1,002,175 | $791,379 | $872,312 | $933,272 | $717,001 |
| Median List Price | $734,042 | $650,000 | $710,000 | $724,833 | $685,000 |
| Average Sales Price | $990,804 | $959,534 | $1,105,097 | $1,057,319 | $1,157,006 |
| Median Sales Price | $775,631 | $690,500 | $802,500 | $797,167 | $813,000 |
| Sales Price / List Price Ratio | 104.26% | 103.18% | 100.5% | 102.47% | 105.8% |
| Number of Properties Sold | 525 | 48 | 46 | 48 | 44 |
| Month’s Supply of Inventory | 2.52 | 1.1 | 1.89 | 2.27 | 1.57 |
| Absorption Rate | 0.44 | 0.91 | 0.53 | 0.45 | 0.64 |
Average & Median Sales Price
The median sales price in December 2025 was $690,500, down -13.96% from $802,500 from the previous month and -15.07% lower than $813,000 from December 2024. The December 2025 median sales price was at a mid level compared to December 2024 and 2023. The average sales price in December 2025 was $959,534, down -13.17% from $1,105,097 from the previous month and -17.07% lower than $1,157,006 from December 2024. The December 2025 average sale price was at a mid level compared to December 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 December 2025 sales price/list price ratio was 103.18%, up from 100.5% from the previous month and down from 105.8% from December 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in December 2025 was 48, up 4.35% from 46 from the previous month and 9.09% higher than 44 from December 2024. The December 2025 sales were at its highest level compared to December 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 December 2025 was 56 days, up 21.74% from 46 days from the previous month and 7.69% higher than 52 days from December 2024. The December 2025 DOM was at its highest level compared with December 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 December 2025 was $439, down -2.66% from $451 from the previous month and equal to December 2024.
Inventory & MSI
The number of properties for sale in December 2025 was 53, down -39.08% from 87 from the previous month and -23.19% lower than 69 from December 2024. The December 2025 inventory was at its lowest level compared with December 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2025 MSI of 1.1 months was at its lowest level compared with December 2024 and 2023.
New Listings
The number of new listings in December 2025 was 14, down -54.84% from 31 from the previous month and -6.67% lower than 15 from December 2024. The December 2025 listings were at its lowest level compared to December 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the December 2025 Norwalk Market Update:
🏠 Prices declined from last year – Median sales price is $690,500, down 13.96% from November and down 15.07% year-over-year. Average sales price is $959,534, down 13.17% from November and down 17.07% year-over-year.
⚡ Days on market increased – Average days on market rose to 56 days, up 21.74% from November and up 7.69% year-over-year. Slowest December in three years.
📉 Inventory at three-year low – 53 homes for sale, down 39.08% from November and down 23.19% year-over-year. Only 1.1 months supply—lowest December MSI in three years.
📈 Sales up year-over-year – 48 homes closed in December, up 4.35% from November and up 9.09% year-over-year. Strong absorption rate of 0.91.
What Buyers and Sellers Need to Know
✨ Sellers: Mixed signals with inventory crashed 39% monthly creating tight supply (1.1 MSI), but DOM up 22% suggests slower pace. Homes still selling above list at 103.18%, indicating pricing power remains.
🔍 Buyers: Opportunity emerging as median down 14% monthly and properties taking 56 days to sell. Inventory at three-year low, but slower market pace may provide more negotiating room than recent months.
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