Easton, 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 | 59 | 15 | 18 | 13 | 9 |
| Average Sales Price per Square Foot | 310 | 304 | 258 | 306 | 324 |
| Average Days on Market | 84 | 36 | 28 | 81 | 146 |
| Number of Properties for Sale | 80 | 17 | 27 | 18 | 26 |
| Average List Price | $1,547,876 | $1,514,112 | $1,384,548 | $1,489,164 | $1,356,908 |
| Median List Price | $1,343,200 | $1,300,000 | $1,150,000 | $1,242,333 | $1,222,500 |
| Average Sales Price | $1,048,251 | $1,069,456 | $1,179,000 | $1,028,933 | $1,123,857 |
| Median Sales Price | $986,100 | $1,010,000 | $1,145,500 | $931,833 | $1,100,000 |
| Sales Price / List Price Ratio | 101.68% | 102.93% | 101.83% | 102.58% | 99.35% |
| Number of Properties Sold | 28 | 11 | 4 | 4 | 7 |
| Month’s Supply of Inventory | 3.31 | 1.55 | 6.75 | 4.25 | 3.71 |
| Absorption Rate | 0.38 | 0.65 | 0.15 | 0.27 | 0.27 |
Average & Median Sales Price
The median sales price in May 2025 was $1,010,000, down -11.83% from $1,145,500 from the previous month and -8.18% lower than $1,100,000 from May 2024. The May 2025 median sales price was at its lowest level compared to May 2024 and 2023.
The average sales price in May 2025 was $1,069,456, down -9.29% from $1,179,000 from the previous month and -4.84% lower than $1,123,857 from May 2024. The May 2025 average sale price was at its lowest 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 102.93%, up from 101.83% from the previous month and up from 99.35% from May 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2025 was 11, up 175.00% from 4 from the previous month and 57.14% higher than 7 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 36 days, up 28.57% from 28 days from the previous month and -75.34% lower than 146 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 $304, up 17.83% from $258 from the previous month and -6.17% lower than $324 from May 2024.
Inventory & MSI
The number of properties for sale in May 2025 was 17, down -37.04% from 27 from the previous month and -34.62% lower than 26 from May 2024. The May 2025 inventory was at its lowest 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 1.55 months was at its lowest level compared with May 2024 and 2023.
New Listings
The number of new listings in May 2025 was 15, down -16.67% from 18 from the previous month and 66.67% higher than 9 from May 2024. The May 2025 listings were at its highest level compared to May 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the May 2025 Easton Market Update:
🏠 Home prices are declining – Median sales price is $1,010,000. That's down 12% from April and down 8% from last year, indicating clear price pressure in this market.
⏰ Homes are selling much faster – Average days on market dropped to just 36, up 29% from April's 28 days, but dramatically down 75% from last year's sluggish 146 days. The market has accelerated significantly.
📈 Inventory is shrinking rapidly – 17 homes for sale, down 37% from last month and 35% fewer than a year ago. This represents a severe shortage of available properties.
📊 Sales activity surged dramatically – 11 homes closed in May, up a remarkable 175% from April's 4 sales and 57% above last year's 7, showing strong buyer demand despite fewer choices.
What Buyers and Sellers Need to Know
✨ Sellers: Despite price declines, your properties are moving quickly in this supply-constrained market. Price competitively to capitalize on the strong buyer activity and limited competition.
🔍 Buyers: Act decisively when you find the right property. With inventory at multi-year lows and homes selling in just over a month, hesitation could mean missing out on opportunities in this fast-moving market.
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