Fairfield, 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 | 324 | 73 | 83 | 69 | 84 |
| Average Sales Price per Square Foot | 503 | 493 | 459 | 475 | 494 |
| Average Days on Market | 58 | 51 | 51 | 58 | 50 |
| Number of Properties for Sale | 561 | 101 | 133 | 121 | 165 |
| Average List Price | $1,628,252 | $1,945,801 | $1,620,219 | $1,538,263 | $1,562,690 |
| Median List Price | $999,200 | $1,199,000 | $949,999 | $949,333 | $1,000,000 |
| Average Sales Price | $1,410,939 | $1,215,830 | $1,489,061 | $1,377,931 | $1,083,796 |
| Median Sales Price | $1,057,500 | $920,000 | $950,000 | $1,039,167 | $848,310 |
| Sales Price / List Price Ratio | 102.36% | 104.26% | 103.66% | 102.33% | 105.08% |
| Number of Properties Sold | 189 | 51 | 49 | 37 | 50 |
| Month’s Supply of Inventory | 3.14 | 1.98 | 2.71 | 3.39 | 3.3 |
| Absorption Rate | 0.34 | 0.5 | 0.37 | 0.3 | 0.3 |
Average & Median Sales Price
The median sales price in May 2025 was $920,000, down -3.16% from $950,000 from the previous month and 8.45% higher than $848,310 from May 2024. The May 2025 median sales price was at a mid level compared to May 2024 and 2023.
The average sales price in May 2025 was $1,215,830, down -18.35% from $1,489,061 from the previous month and 12.18% higher than $1,083,796 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 104.26%, equal to the previous month and equal to May 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2025 was 51, up 4.08% from 49 from the previous month and 2.00% higher than 50 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 51 days, equal to the previous month and 2.00% higher than 50 days from May 2024. The May 2025 DOM was at its highest 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 $493, up 7.41% from $459 from the previous month and equal to May 2024.
Inventory & MSI
The number of properties for sale in May 2025 was 101, down -24.06% from 133 from the previous month and -38.79% lower than 165 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 1.98 months was at its lowest level compared with May 2024 and 2023.
New Listings
The number of new listings in May 2025 was 73, down -12.05% from 83 from the previous month and -13.10% lower than 84 from May 2024. The May 2025 listings were at its lowest level compared to May 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the May 2025 Fairfield Market Update:
🏠 Home prices adjusted downward – Median sales price is $827,000. That's down 12% from April's $942,000, but only down 2% from last year.
⏰ Homes are selling faster – Average days on market is now 23, down 8% from last year's 25 days and 43% better than May 2023's 40 days.
📈 Inventory has tightened dramatically – 71 homes for sale, down 38% from last year's 114 and down 60% from May 2023's 177. Limited options available!
📊 Closed sales surged – 57 homes closed in June, up 14% from last year's 50 and up 33% from May 2023's 43.
What Buyers and Sellers Need to Know
✨ Sellers: Price strategically based on recent comps, not April's higher figures. Benefit from dramatically reduced inventory creating buyer competition.
🔍 Buyers: Act quickly as inventory decreased 38% year-over-year. While prices adjusted from peaks, tight supply and faster sales demand prompt decisions.
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