Ridgefield, CT June 2026 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 2026 to May 2026. You will see data comparisons between May and the previous month, the last three months and May 2025.
| Overview | YTD Avg. | May | April | Feb. – Apr. | May 2025 |
|---|---|---|---|---|---|
| New Listings | 154 | 56 | 43 | 28 | 44 |
| Average Sales Price per Square Foot | 412 | 441 | 454 | 413 | 405 |
| Average Days on Market | 54 | 33 | 32 | 64 | 42 |
| Number of Properties for Sale | 195 | 48 | 49 | 38 | 66 |
| Average List Price | $1,531,895 | $1,855,956 | $1,511,274 | $1,424,803 | $1,615,892 |
| Median List Price | $1,268,500 | $1,485,000 | $1,149,000 | $1,136,833 | $1,199,250 |
| Average Sales Price | $1,478,779 | $1,465,848 | $1,675,294 | $1,598,141 | $1,027,576 |
| Median Sales Price | $1,260,700 | $1,400,000 | $1,100,000 | $1,307,167 | $1,000,000 |
| Sales Price / List Price Ratio | 102.25% | 108.08% | 101.76% | 100.25% | 107.05% |
| Number of Properties Sold | 72 | 17 | 17 | 14 | 18 |
| Month’s Supply of Inventory | 2.78 | 2.82 | 2.88 | 2.81 | 3.67 |
| Absorption Rate | 0.37 | 0.35 | 0.35 | 0.38 | 0.27 |
Average & Median Sales Price
The median sales price in May 2026 was $1,400,000, up 27.27% from $1,100,000 from the previous month and 40.0% higher than $1,000,000 from May 2025. The May 2026 median sales price was at its highest level compared to May 2025 and 2024. The average sales price in May 2026 was $1,465,848, down -12.50% from $1,675,294 from the previous month and 42.65% higher than $1,027,576 from May 2025. The May 2026 average sale price was at its highest level compared to May 2025 and 2024.
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 2026 sales price/list price ratio was 108.08%, up from 101.76% from the previous month and equal to May 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2026 was 17, equal to the previous month and -5.56% lower than 18 from May 2025. The May 2026 sales were at its lowest level compared to May 2025 and 2024. Absorption rate is the average 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 a seller’s market. The DOM for May 2026 was 33 days, up 3.12% from 32 days from the previous month and -21.43% lower than 42 days from May 2025. The May 2026 DOM was at its lowest level compared with May 2025 and 2024.
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 2026 was $441, down -2.86% from $454 from the previous month and 8.89% higher than $405 from May 2025.
Inventory & MSI
The number of properties for sale in May 2026 was 48, down -2.04% from 49 from the previous month and -27.27% lower than 66 from May 2025. The May 2026 inventory was at its lowest level compared with May 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2026 MSI of 2.82 months was at a mid level compared with May 2025 and 2024.
New Listings
The number of new listings in May 2026 was 56, up 30.23% from 43 from the previous month and 27.27% higher than 44 from May 2025. The May 2026 listings were at their highest level compared to May 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the May 2026 Ridgefield Market Update:
🏠 Prices at their highest May level in three years — Median hit $1,400,000, up 40% from May 2025’s $1,000,000. Average reached $1,465,848, also a three-year May high, up 43% year-over-year.
⏳ Homes selling at their fastest May pace in three years — DOM came in at just 33 days, down 21% from May 2025’s 42. Ridgefield buyers are moving quickly on well-priced homes.
📉 Inventory at its lowest May level in three years — 48 homes for sale, down 27% from May 2025’s 66. With an MSI of 2.82 months, this is a seller’s market.
📊 Buyers paid 8% over asking — 17 homes closed at 108.08%, matching May 2025’s 107.05%. New listings surged to 56 — the highest May count in three years — giving buyers more to choose from heading into summer.
What Buyers and Sellers Need to Know
✨ Sellers: Median prices are up 40% from a year ago and homes are selling in 33 days at 108% of list. Ridgefield is firmly in seller’s market territory right now.
🔍 Buyers: Competition is real — expect to pay over asking. The surge in new listings (56 this May, a three-year high) means more options are entering the market than in prior years.
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