Weston, CT March 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 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 | 21 | 15 | 6 | 5 | 13 |
| Average Sales Price per Square Foot | 385 | 398 | 371 | 365 | 256 |
| Average Days on Market | 79 | 71 | 86 | 68 | 43 |
| Number of Properties for Sale | 28 | 16 | 12 | 19 | 32 |
| Average List Price | $1,608,871 | $1,625,000 | $1,592,742 | $1,578,211 | $2,048,320 |
| Median List Price | $1,436,500 | $1,399,000 | $1,474,000 | $1,360,167 | $1,824,950 |
| Average Sales Price | $1,585,145 | $1,585,333 | $1,584,957 | $1,434,762 | $1,065,938 |
| Median Sales Price | $1,344,000 | $1,400,000 | $1,288,000 | $1,252,250 | $893,250 |
| Sales Price / List Price Ratio | 103.52% | 100.71% | 106.34% | 103.78% | 101.5% |
| Number of Properties Sold | 20 | 9 | 11 | 11 | 8 |
| Month’s Supply of Inventory | 1.44 | 1.78 | 1.09 | 1.66 | 4 |
| Absorption Rate | 0.74 | 0.56 | 0.92 | 0.69 | 0.25 |
Average & Median Sales Price
The median sales price in February 2025 was $1,400,000, up 8.70% from $1,288,000 from the previous month and 56.73% higher than $893,250 from February 2024. The February 2025 median sales price was at its highest level compared to February 2024 and 2023.
The average sales price in February 2025 was $1,585,333, equal to the previous month and 48.73% higher than $1,065,938 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 100.71%, down from 106.34% from the previous month and equal to February 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in February 2025 was 9, down -18.18% from 11 from the previous month and 12.50% higher than 8 from February 2024. The February 2025 sales were at its highest 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 71 days, down -17.44% from 86 days from the previous month and 65.12% higher than 43 days from February 2024. The February 2025 DOM was at a mid 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 $398, up 7.28% from $371 from the previous month and 55.47% higher than $256 from February 2024.
Inventory & MSI
The number of properties for sale in February 2025 was 16, up 33.33% from 12 from the previous month and -50.0% lower than 32 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 1.78 months was at its lowest level compared with February 2024 and 2023.
New Listings
The number of new listings in February 2025 was 15, up 150.0% from 6 from the previous month and 15.38% higher than 13 from February 2024. The February 2025 listings were at its highest level compared to February 2024 and 2023.
Judy Michaelis
203-247-5000
judy.michaelis@coldwellbankermoves.com
judymichaelis.com
Coldwell Banker Realty
203-227-8424Prefer the quick version? Here's a snapshot of the February 2025 Weston Market Update:
Home prices continue strong upward trajectory – Median sales price reached $1.4M, up 9% from last month's $1.29M and a remarkable 57% higher than last year's $893K. Shows sustained price appreciation momentum.
Homes are selling more efficiently – Average days on market improved to 71 days, down 17% from last month's 86 days, though still 65% higher than last year's swift 43 days.
Inventory remains critically low – Only 16 homes for sale, up 33% from last month's 12 properties but down a dramatic 50% from last year's 32 homes. Severe supply constraints persist.
Sales activity moderated – 9 homes closed in February, down 18% from last month's 11 sales but up 13% from last year's 8 transactions.
What Buyers and Sellers Need to Know
Sellers: You're operating in favorable conditions with homes selling at list price (101%) and faster market times. The strong year-over-year price gains and limited inventory continue to support seller leverage.
Buyers: Expect fair pricing at list value, but competition remains fierce due to the severely constrained inventory. The 1.78 months of supply indicates a very tight market requiring quick decisions and strong offers.
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