Easton, CT March 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report – February 2025
Overview
The overview below shows real estate activity from January 2025 to February 2025. You will see data comparisons between February and the previous month, the last three months and February 2024.
| Overview | YTD Avg. | February | January | Nov. – Jan. | Feb. 2024 |
|---|---|---|---|---|---|
| New Listings | 14 | 8 | 6 | 3 | 5 |
| Average Sales Price per Square Foot | 335 | 341 | 328 | 310 | 216 |
| Average Days on Market | 163 | 183 | 142 | 87 | 74 |
| Number of Properties for Sale | 19 | 10 | 9 | 10 | 20 |
| Average List Price | $1,756,522 | $1,738,600 | $1,774,444 | $1,756,702 | $1,270,125 |
| Median List Price | $1,568,250 | $1,447,500 | $1,689,000 | $1,471,000 | $1,062,000 |
| Average Sales Price | $1,012,500 | $940,000 | $1,085,000 | $1,242,365 | $912,500 |
| Median Sales Price | $982,500 | $840,000 | $1,125,000 | $1,060,667 | $922,500 |
| Sales Price / List Price Ratio | 98.3% | 98.87% | 97.73% | 98.17% | 96.73% |
| Number of Properties Sold | 8 | 4 | 4 | 7 | 4 |
| Month’s Supply of Inventory | 2.38 | 2.5 | 2.25 | 1.65 | 5 |
| Absorption Rate | 0.42 | 0.4 | 0.44 | 0.65 | 0.2 |
Average & Median Sales Price
The median sales price in February 2025 was $840,000, down -25.33% from $1,125,000 from the previous month and -8.94% lower than $922,500 from February 2024. The February 2025 median sales price was at a mid level compared to February 2024 and 2023.
The average sales price in February 2025 was $940,000, down -13.36% from $1,085,000 from the previous month and 3.01% higher than $912,500 from February 2024. The February 2025 average sale price was at its highest level compared to February 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 February 2025 sales price/list price ratio was 98.87%, up from 97.73% from the previous month and up from 96.73% from February 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in February 2025 was 4, equal to the previous month and equal to February 2024. The February 2025 sales were at its lowest level compared to February 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 February 2025 was 183 days, up 28.87% from 142 days from the previous month and 147.30% higher than 74 days from February 2024. The February 2025 DOM was at its highest level compared with February 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 February 2025 was $341, up 3.96% from $328 from the previous month and 57.87% higher than $216 from February 2024.
Inventory & MSI
The number of properties for sale in February 2025 was 10, up 11.11% from 9 from the previous month and -50.0% lower than 20 from February 2024. The February 2025 inventory was at its lowest level compared with February 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2025 MSI of 2.5 months was at its lowest level compared with February 2024 and 2023.
New Listings
The number of new listings in February 2025 was 8, up 33.33% from 6 from the previous month and 60.0% higher than 5 from February 2024. The February 2025 listings were at a mid level compared to February 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the February 2025 Easton Market Update:
🏠 Prices dropped significantly – Median sales price fell to $840K, down 25% from January and 9% below last year. Steeper decline than typical seasonal patterns.
⏰ Homes taking much longer to sell – Average days on market jumped to 183 days, up 29% from January and 147% above last year's 74 days. Longest selling times in recent years.
📈 Inventory remains very tight – Only 10 homes available, up slightly from January's 9 but down 50% from last year's 20 properties. Severely constrained supply continues.
📊 Sales volume flat – 4 homes sold, matching both January and last February despite challenging conditions.
What Buyers and Sellers Need to Know
✨ Sellers: Market showing buyer's market characteristics with longer days on market (183 days) and homes selling slightly below asking (98.87%). The 2.5-month supply still favors sellers but momentum has shifted.
🔍 Buyers: Significant price corrections create opportunity, but inventory remains extremely limited. Properties taking much longer to sell suggests more negotiating power, though supply constraints persist.
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