Wilton, 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 | 26 | 18 | 8 | 6 | 27 |
| Average Sales Price per Square Foot | 383 | 407 | 359 | 359 | 319 |
| Average Days on Market | 82 | 51 | 113 | 75 | 41 |
| Number of Properties for Sale | 49 | 26 | 23 | 28 | 39 |
| Average List Price | $1,574,749 | $1,599,681 | $1,549,817 | $1,457,262 | $1,652,097 |
| Median List Price | $1,461,250 | $1,472,500 | $1,450,000 | $1,293,833 | $1,250,000 |
| Average Sales Price | $1,221,704 | $1,297,783 | $1,145,625 | $1,346,868 | $1,115,214 |
| Median Sales Price | $1,171,250 | $1,115,000 | $1,227,500 | $1,210,833 | $722,000 |
| Sales Price / List Price Ratio | 103.58% | 103.77% | 103.39% | 103.04% | 104.44% |
| Number of Properties Sold | 18 | 6 | 12 | 17 | 7 |
| Month’s Supply of Inventory | 3.12 | 4.33 | 1.92 | 1.77 | 5.57 |
| Absorption Rate | 0.38 | 0.23 | 0.52 | 0.63 | 0.18 |
Average & Median Sales Price
The median sales price in February 2025 was $1,115,000, down -9.16% from $1,227,500 from the previous month and 54.43% higher than $722,000 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 $1,297,783, up 13.28% from $1,145,625 from the previous month and 16.37% higher than $1,115,214 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 103.77%, equal to the previous month and equal to February 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in February 2025 was 6, down -50.0% from 12 from the previous month and -14.29% lower than 7 from 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 51 days, down -54.87% from 113 days from the previous month and 24.39% higher than 41 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 $407, up 13.37% from $359 from the previous month and 27.59% higher than $319 from February 2024.
Inventory & MSI
The number of properties for sale in February 2025 was 26, up 13.04% from 23 from the previous month and -33.33% lower than 39 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 4.33 months was at its lowest level compared with February 2024 and 2023.
New Listings
The number of new listings in February 2025 was 18, up 125.00% from 8 from the previous month and -33.33% lower than 27 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 Wilton Market Update:
🏠 Home prices showed mixed signals – Median sales price is $1.115M, down 9% from last month but still up a substantial 54% from last year. Average sales price rose to $1.298M, up 13% monthly and 16% annually, reaching the highest levels compared to recent years.
⏰ Homes are selling at moderate speed – Average days on market dropped significantly to 51 days, down 55% from last month's concerning 113 days, though still 24% higher than last year's swift 41 days. The market pace improved considerably from January's sluggishness.
📈 Inventory remains constrained – Only 26 homes for sale, up modestly from 23 last month but down 33% from 39 a year ago. This continues the trend of limited available properties creating competition among buyers.
📊 Sales activity remained weak – Just 6 homes closed in February, dropping 50% from 12 last month and down 14% from 7 sales in February 2024. Transaction volume stayed concerningly low despite price improvements.
What Buyers and Sellers Need to Know
✨ Sellers: You maintain a solid position with homes selling above asking at 104% of list price and very low inventory levels. The dramatic improvement in days on market suggests renewed buyer interest, though transaction volumes remain challenging.
🔍 Buyers: You're still in a competitive market with limited choices, but the significant drop in days on market from January's peak suggests more realistic pricing. New listings doubled from last month, potentially offering more options, though you'll still likely pay above asking price.
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