Ridgefield, CT July 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report – June 2025
Overview
The overview below shows real estate activity from January 2025 to June 2025. You will see data comparisons between June and the previous month, the last three months and June 2024.
| Overview | YTD Avg. | June | May | Mar. – May | Jun. 2024 |
|---|---|---|---|---|---|
| New Listings | 190 | 36 | 43 | 39 | 28 |
| Average Sales Price per Square Foot | 388 | 397 | 405 | 398 | 350 |
| Average Days on Market | 50 | 28 | 42 | 46 | 40 |
| Number of Properties for Sale | 275 | 51 | 64 | 54 | 61 |
| Average List Price | $1,728,435 | $1,735,615 | $1,641,764 | $1,673,370 | $1,444,240 |
| Median List Price | $1,188,500 | $1,399,000 | $1,249,500 | $1,135,667 | $1,195,000 |
| Average Sales Price | $1,307,009 | $1,323,675 | $1,027,576 | $1,199,592 | $1,253,614 |
| Median Sales Price | $1,093,109 | $1,237,656 | $1,000,000 | $1,040,000 | $1,174,750 |
| Sales Price / List Price Ratio | 104.77% | 108.72% | 107.05% | 107.07% | 104.81% |
| Number of Properties Sold | 95 | 36 | 18 | 14 | 22 |
| Month’s Supply of Inventory | 3.42 | 1.42 | 3.56 | 3.81 | 2.77 |
| Absorption Rate | 0.34 | 0.71 | 0.28 | 0.27 | 0.36 |
Average & Median Sales Price
The median sales price in June 2025 was $1,237,656, up 23.77% from $1,000,000 from the previous month and 5.35% higher than $1,174,750 from June 2024. The June 2025 median sales price was at its highest level compared to June 2024 and 2023.
The average sales price in June 2025 was $1,323,675, up 28.82% from $1,027,576 from the previous month and 5.59% higher than $1,253,614 from June 2024. The June 2025 average sale price was at its highest level compared to June 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 June 2025 sales price/list price ratio was 108.72%, up from 107.05% from the previous month and up from 104.81% from June 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in June 2025 was 36, up 100% from 18 from the previous month and 63.64% higher than 22 from June 2024. The June 2025 sales were at a mid level compared to June 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 June 2025 was 28 days, down -33.33% from 42 days from the previous month and -30.0% lower than 40 days from June 2024. The June 2025 DOM was at its lowest level compared with June 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 June 2025 was $397, down -1.98% from $405 from the previous month and 13.43% higher than $350 from June 2024.
Inventory & MSI
The number of properties for sale in June 2025 was 51, down -20.31% from 64 from the previous month and -16.39% lower than 61 from June 2024. The June 2025 inventory was at its lowest level compared with June 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2025 MSI of 1.42 months was at its lowest level compared with June 2024 and 2023.
New Listings
The number of new listings in June 2025 was 36, down -16.28% from 43 from the previous month and 28.57% higher than 28 from June 2024. The June 2025 listings were at a mid level compared to June 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the June 2025 Ridgefield Market Update:
🏠 Prices are surging – Median sales price hit $1.24M, up 24% from last month and 5% from last year. Average price also jumped nearly 29% month-over-month.
⏰ Homes are selling faster – Average days on market dropped to 28 days, down from 42 last month and 40 a year ago. Fastest pace in over a year!
📉 Inventory remains tight – Only 51 homes for sale, a 20% drop from May and 16% below last year. Month’s Supply of Inventory sits at just 1.42 months.
📊 Sales volume doubled – 36 homes sold, up 100% from May and 64% more than June 2024. Buyers are active and serious.
What Buyers and Sellers Need to Know
✨ Sellers: Buyers are motivated and bidding aggressively—homes are selling at 109% of list price. Now’s the time to price strategically and act.
🔍 Buyers: It’s competitive. Be prepared to move quickly and potentially go above asking. With limited inventory, waiting could cost you.
Want Personalized Advice?
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