Ridgefield, CT February 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 for January 2026. You will see data comparisons between January and the previous month, the last three months and January 2025.
| Overview | YTD Avg. | January | December | Oct. – Dec. | Jan. 2025 |
|---|---|---|---|---|---|
| New Listings | 12 | 12 | 2 | 12 | 20 |
| Average Sales Price per Square Foot | 387 | 387 | 452 | 405 | 369 |
| Average Days on Market | 42 | 42 | 75 | 55 | 55 |
| Number of Properties for Sale | 21 | 21 | 34 | 49 | 32 |
| Average List Price | $1,746,510 | $1,746,510 | $1,742,094 | $1,806,469 | $1,832,862 |
| Median List Price | $1,595,000 | $1,595,000 | $1,530,000 | $1,512,333 | $1,150,000 |
| Average Sales Price | $1,161,008 | $1,161,008 | $1,277,258 | $1,225,153 | $1,786,389 |
| Median Sales Price | $1,038,500 | $1,038,500 | $1,272,500 | $1,169,167 | $1,350,000 |
| Sales Price / List Price Ratio | 103.05% | 103.05% | 103.84% | 103.87% | 101.39% |
| Number of Properties Sold | 12 | 12 | 12 | 15 | 9 |
| Month’s Supply of Inventory | 1.75 | 1.75 | 2.83 | 3.15 | 3.56 |
| Absorption Rate | 0.57 | 0.57 | 0.35 | 0.32 | 0.28 |
Average & Median Sales Price
The median sales price in January 2026 was $1,038,500, down -18.39% from $1,272,500 from the previous month and -23.07% lower than $1,350,000 from January 2025. The January 2026 median sales price was at its lowest level compared to January 2025 and 2024. The average sales price in January 2026 was $1,161,008, down -9.10% from $1,277,258 from the previous month and -35.01% lower than $1,786,389 from January 2025. The January 2026 average sale price was at its lowest level compared to January 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 January 2026 sales price/list price ratio was 103.05%, equal to the previous month and up from 101.39% from January 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in January 2026 was 12, equal to the previous month and 33.33% higher than 9 from January 2025. The January 2026 sales were at a mid level compared to January 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 January 2026 was 42 days, down -44.00% from 75 days from the previous month and -23.64% lower than 55 days from January 2025. The January 2026 DOM was at its lowest level compared with January 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 January 2026 was $387, down -14.38% from $452 from the previous month and 4.88% higher than $369 from January 2025.
Inventory & MSI
The number of properties for sale in January 2026 was 21, down -38.24% from 34 from the previous month and -34.38% lower than 32 from January 2025. The January 2026 inventory was at its lowest level compared with January 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2026 MSI of 1.75 months was at its lowest level compared with January 2025 and 2024.
New Listings
The number of new listings in January 2026 was 12, up 500% from 2 from the previous month and -40.0% lower than 20 from January 2025. The January 2026 listings were at its lowest level compared to January 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the February 2026 Ridgefield Market Update:
🏠 Prices surging to record highs – Median sales price jumped to $1,374,000, up 39.92% from January's $982,000 and up 61.46% from last year's $851,000. Average sales price at $1,565,333, up 38.08% monthly and 38.13% year-over-year. Both at highest level compared to February 2025 and 2024.
⏳ Market pace improving year-over-year – Average days on market at 64 days, up 39.13% from January's 46 but down 20% from last year's 80 days. Lowest DOM level compared with February 2025 and 2024.
📈 Inventory dropping to record lows – 19 homes for sale, down 36.67% from last month's 30 and down 34.48% from last year's 29, at lowest level historically. MSI at 2.11 months, also at record low.
📉 Sales rebounding, listings pulling back – 9 homes closed, down 30.77% from January but up 28.57% from last year's 7, at highest level compared to February 2025 and 2024. New listings at 14, up 7.69% from January but down 12.50% year-over-year, at lowest level on record.
What Buyers and Sellers Need to Know
✨ Sellers: Record-high median of $1,374,000 (up 61.46% year-over-year), record-low 2.11-month supply, and absorption rate nearly doubling to 0.47 from 0.24 last year create the strongest seller conditions in this data set.
🔍 Buyers: Major price jump with median up 61% year-over-year to $1,374,000 and inventory down 34% annually limits options. Homes selling just below asking at 98.04% offers a slim negotiating window.
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