Darien, CT June 2025 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 May 2025. You will see data comparisons between May and the previous month, the last three months and May 2024.
| Overview | YTD Avg. | May | April | Feb. – Apr. | May 2024 |
|---|---|---|---|---|---|
| New Listings | 151 | 37 | 46 | 32 | 25 |
| Average Sales Price per Square Foot | 772 | 829 | 767 | 774 | 706 |
| Average Days on Market | 31 | 29 | 13 | 25 | 61 |
| Number of Properties for Sale | 154 | 36 | 46 | 32 | 32 |
| Average List Price | $4,615,416 | $4,266,778 | $4,186,957 | $4,875,481 | $4,707,164 |
| Median List Price | $3,574,400 | $2,745,000 | $2,524,500 | $3,885,667 | $3,500,000 |
| Average Sales Price | $2,814,671 | $3,360,430 | $2,633,000 | $2,881,429 | $2,685,006 |
| Median Sales Price | $2,456,800 | $2,816,500 | $2,550,000 | $2,539,167 | $1,455,000 |
| Sales Price / List Price Ratio | 106.14% | 109.17% | 113.7% | 105.46% | 102.5% |
| Number of Properties Sold | 74 | 24 | 20 | 13 | 19 |
| Month’s Supply of Inventory | 2.36 | 1.5 | 2.3 | 2.77 | 1.68 |
| Absorption Rate | 0.47 | 0.67 | 0.43 | 0.39 | 0.59 |
Average & Median Sales Price
The median sales price in May 2025 was $2,816,500, up 10.45% from $2,550,000 from the previous month and 93.57% higher than $1,455,000 from May 2024. The May 2025 median sales price was at its highest level compared to May 2024 and 2023.
The average sales price in May 2025 was $3,360,430, up 27.63% from $2,633,000 from the previous month and 25.16% higher than $2,685,006 from May 2024. The May 2025 average sale price was at its highest level compared to May 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 May 2025 sales price/list price ratio was 109.17%, down from 113.7% from the previous month and up from 102.5% from May 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2025 was 24, up 20.0% from 20 from the previous month and 26.32% higher than 19 from May 2024. The May 2025 sales were at its highest level compared to May 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 May 2025 was 29 days, up 123.08% from 13 days from the previous month and -52.46% lower than 61 days from May 2024. The May 2025 DOM was at its lowest level compared with May 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 May 2025 was $829, up 8.08% from $767 from the previous month and 17.42% higher than $706 from May 2024.
Inventory & MSI
The number of properties for sale in May 2025 was 36, down -21.74% from 46 from the previous month and 12.50% higher than 32 from May 2024. The May 2025 inventory was at a mid level compared with May 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2025 MSI of 1.5 months was at its lowest level compared with May 2024 and 2023.
New Listings
The number of new listings in May 2025 was 37, down -19.57% from 46 from the previous month and 48.00% higher than 25 from May 2024. The May 2025 listings were at a mid level compared to May 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the May 2025 Darien Market Update:
🏠 Median home prices soared to record highs – Median sales price jumped to $2,816,500, up 10% from April's $2,550,000 and up 94% from last year's $1,455,000.
⏱️ Market pace moderated from April's sprint – Average days on market increased to 29 days, up 123% from April's exceptionally fast 13 days but still 52% faster than last year's 61 days.
📈 Inventory tightened – 36 homes available for sale, down 22% from April's 46 but up 13% from last year's 32.
📊 Closed sales hit record highs – 24 homes closed in May, up 20% from April's 20 and up 26% from last year's 19.
What Buyers and Sellers Need to Know
✨ Sellers: Record-breaking median prices and homes selling at 109% of list price create exceptional opportunities. Market remains highly favorable despite slight pace moderation from April's breakneck speed.
🔍 Buyers: Prepare for intense competition in this luxury market with limited inventory and homes consistently selling above asking price, requiring aggressive offers and quick decisions.
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