Ridgefield, 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 | 149 | 39 | 44 | 30 | 43 |
| Average Sales Price per Square Foot | 387 | 409 | 393 | 386 | 404 |
| Average Days on Market | 55 | 43 | 42 | 59 | 37 |
| Number of Properties for Sale | 198 | 47 | 57 | 40 | 66 |
| Average List Price | $1,769,025 | $1,823,462 | $1,567,916 | $1,723,322 | $1,378,411 |
| Median List Price | $1,177,800 | $1,495,000 | $969,000 | $1,081,333 | $1,210,000 |
| Average Sales Price | $1,305,295 | $1,035,669 | $1,055,385 | $1,234,805 | $1,010,094 |
| Median Sales Price | $1,069,200 | $1,025,000 | $870,000 | $990,333 | $900,000 |
| Sales Price / List Price Ratio | 103.93% | 106.8% | 107.14% | 103.81% | 107.8% |
| Number of Properties Sold | 58 | 17 | 13 | 11 | 27 |
| Month’s Supply of Inventory | 3.49 | 2.76 | 4.38 | 3.75 | 2.44 |
| Absorption Rate | 0.29 | 0.36 | 0.23 | 0.27 | 0.41 |
Average & Median Sales Price
The median sales price in May 2025 was $1,025,000, up 17.82% from $870,000 from the previous month and 13.89% higher than $900,000 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 $1,035,669, down -1.87% from $1,055,385 from the previous month and 2.53% higher than $1,010,094 from May 2024. The May 2025 average sale price was at a mid 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 106.8%, 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 17, up 30.77% from 13 from the previous month and -37.04% lower than 27 from May 2024. The May 2025 sales were at its lowest 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 43 days, up 2.38% from 42 days from the previous month and 16.22% higher than 37 days from May 2024. The May 2025 DOM was at a mid 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 $409, up 4.07% from $393 from the previous month and 1.24% higher than $404 from May 2024.
Inventory & MSI
The number of properties for sale in May 2025 was 47, down -17.54% from 57 from the previous month and -28.79% lower than 66 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 2.76 months was at a mid level compared with May 2024 and 2023.
New Listings
The number of new listings in May 2025 was 39, down -11.36% from 44 from the previous month and -9.30% lower than 43 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 Ridgefield Market Update:
🏠 Home prices are climbing – Median sales price is $1.025M. That's up 18% from last month and 14% from last year.
⏰ Homes are taking slightly longer to sell – Average days on market is now 43, up from 42 last month and 37 days last year.
📈 Inventory is shrinking – 47 homes for sale, down 18% from last month and 29% from a year ago. Supply remains tight!
📊 Sales activity mixed – 17 homes closed in May, up 31% from last month but down 37% from last year's stronger pace.
What Buyers and Sellers Need to Know
✨ Sellers: Low inventory works in your favor with homes selling at 107% of list price. Price competitively to capitalize on demand.
🔍 Buyers: Competition is fierce with limited options. Be prepared to move quickly and consider going above asking price.
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