Fairfield, CT March 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 February 2026. You will see data comparisons between February and the previous month, the last three months and February 2025.
| Overview | YTD Avg. | February | January | Nov. – Jan. | Feb. 2025 |
|---|---|---|---|---|---|
| New Listings | 85 | 46 | 39 | 33 | 57 |
| Average Sales Price per Square Foot | 524 | 586 | 461 | 480 | 444 |
| Average Days on Market | 42 | 36 | 47 | 44 | 67 |
| Number of Properties for Sale | 176 | 82 | 94 | 101 | 112 |
| Average List Price | $2,190,116 | $2,214,094 | $2,166,138 | $2,192,361 | $1,501,480 |
| Median List Price | $1,381,500 | $1,373,500 | $1,389,500 | $1,429,167 | $974,000 |
| Average Sales Price | $1,456,899 | $1,573,504 | $1,340,293 | $1,313,979 | $1,361,143 |
| Median Sales Price | $1,072,000 | $969,000 | $1,175,000 | $1,021,667 | $1,030,000 |
| Sales Price / List Price Ratio | 104.06% | 104.11% | 104.01% | 102.88% | 100.47% |
| Number of Properties Sold | 56 | 25 | 31 | 42 | 28 |
| Month’s Supply of Inventory | 3.16 | 3.28 | 3.03 | 2.48 | 4 |
| Absorption Rate | 0.32 | 0.3 | 0.33 | 0.41 | 0.25 |
Average & Median Sales Price
The median sales price in February 2026 was $969,000, down -17.53% from $1,175,000 from the previous month and -5.92% lower than $1,030,000 from February 2025. The February 2026 median sales price was at a mid level compared to February 2025 and 2024. The average sales price in February 2026 was $1,573,504, up 17.40% from $1,340,293 from the previous month and 15.60% higher than $1,361,143 from February 2025. The February 2026 average sale price was at its highest level compared to February 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 February 2026 sales price/list price ratio was 104.11%, equal to the previous month and up from 100.47% from February 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in February 2026 was 25, down -19.35% from 31 from the previous month and -10.71% lower than 28 from February 2025. The February 2026 sales were at a mid level compared to February 2025 and 2024. 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 2026 was 36 days, down -23.40% from 47 days from the previous month and -46.27% lower than 67 days from February 2025. The February 2026 DOM was at its lowest level compared with February 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 February 2026 was $586, up 27.11% from $461 from the previous month and 31.98% higher than $444 from February 2025.
Inventory & MSI
The number of properties for sale in February 2026 was 82, down -12.77% from 94 from the previous month and -26.79% lower than 112 from February 2025. The February 2026 inventory was at its lowest level compared with February 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2026 MSI of 3.28 months was at its lowest level compared with February 2025 and 2024.
New Listings
The number of new listings in February 2026 was 46, up 17.95% from 39 from the previous month and -19.30% lower than 57 from February 2025. The February 2026 listings were at its lowest level compared to February 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the February 2026 Fairfield Market Update:
🏠 Prices showing mixed signals — The average sales price hit a 3-year high at $1,573,504, up 17.40% from January and 15.60% above February 2025. The median came in lower at $969,000, down 17.53% from January and 5.92% below last February.
⏳ Market accelerating fast — DOM dropped to just 36 days, down 23.40% from January’s 47 and 46.27% faster than last February’s 67 days. February 2026 pace is at its lowest level compared to the past two years.
📉 Inventory severely constrained — 82 homes for sale, down 12.77% from January’s 94 and down 26.79% from last year’s 112. February 2026 inventory at its lowest level historically, with MSI at 3.28 months — also a 3-year February low.
📊 Sales activity holding steady — 25 homes closed, down 19.35% from January’s 31 but up slightly year-over-year. Homes are selling at 104.11% of list price, up from 100.47% in February 2025. New listings at 46, down 19.30% year-over-year to lowest level on record.
What Buyers and Sellers Need to Know
✨ Sellers: Record-low inventory at 82 homes, a 104% sale-to-list ratio, and the fastest DOM in three years create strong seller conditions. Average price per square foot surged 31.98% year-over-year to $586, signaling rising home values.
🔍 Buyers: The market is tightening — inventory is down nearly 27% from last year and homes are consistently selling above asking. The median price dip of 5.92% YoY offers a potential value window, but limited supply means negotiating power is shrinking.
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