Darien, CT May 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
April 2025 – Darien
Overview
The overview below shows real estate activity from January 2025 to April 2025. You will see data comparisons between April and the previous month, the last three months and April 2024.
| Overview | YTD Avg. | April | March | Jan. – Mar. | Apr. 2024 |
|---|---|---|---|---|---|
| New Listings | 109 | 42 | 32 | 22 | 33 |
| Average Sales Price per Square Foot | 758 | 765 | 645 | 755 | 597 |
| Average Days on Market | 32 | 12 | 31 | 38 | 28 |
| Number of Properties for Sale | 109 | 40 | 25 | 23 | 39 |
| Average List Price | $4,761,800 | $4,494,150 | $6,042,600 | $4,851,017 | $4,036,135 |
| Median List Price | $3,580,625 | $2,675,000 | $4,495,000 | $3,882,500 | $2,995,000 |
| Average Sales Price | $2,611,560 | $2,366,316 | $2,862,954 | $2,693,308 | $2,213,000 |
| Median Sales Price | $2,354,375 | $2,500,000 | $2,500,000 | $2,305,833 | $1,850,000 |
| Sales Price / List Price Ratio | 105.58% | 114.52% | 104.55% | 102.61% | 101.86% |
| Number of Properties Sold | 49 | 19 | 13 | 10 | 11 |
| Month’s Supply of Inventory | 2.42 | 2.11 | 1.92 | 2.53 | 3.55 |
| Absorption Rate | 0.44 | 0.48 | 0.52 | 0.43 | 0.28 |
Average & Median Sales Price
The median sales price in April 2025 was $2,500,000, equal to the previous month and 35.14% higher than $1,850,000 from April 2024. The April 2025 median sales price was at its highest level compared to April 2024 and 2023.
The average sales price in April 2025 was $2,366,316, down -17.35% from $2,862,954 from the previous month and 6.93% higher than $2,213,000 from April 2024. The April 2025 average sale price was at its highest level compared to April 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 April 2025 sales price/list price ratio was 114.52%, up from 104.55% from the previous month and up from 101.86% from April 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2025 was 19, up 46.15% from 13 from the previous month and 72.73% higher than 11 from April 2024. The April 2025 sales were at its highest level compared to April 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 April 2025 was 12 days, down -61.29% from 31 days from the previous month and -57.14% lower than 28 days from April 2024. The April 2025 DOM was at its lowest level compared with April 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 April 2025 was $765, up 18.60% from $645 from the previous month and 28.14% higher than $597 from April 2024.
Inventory & MSI
The number of properties for sale in April 2025 was 40, up 60.0% from 25 from the previous month and 2.56% higher than 39 from April 2024. The April 2025 inventory was at a mid level compared with April 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2025 MSI of 2.11 months was at its lowest level compared with April 2024 and 2023.
New Listings
The number of new listings in April 2025 was 42, up 31.25% from 32 from the previous month and 27.27% higher than 33 from April 2024. The April 2025 listings were at its highest level compared to April 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the April 2025 Darien Market Update:
🏠 Home prices reached new heights – Median sales price is $2.5M, steady from last month but up an impressive 35% from last year. Premium luxury market is thriving!
⏰ Homes are flying off the market – Average days on market plummeted to just 12 days, down 61% from 31 days last month and 57% lower than last year's 28 days. Lightning-fast sales!
📈 Inventory rebounded modestly – 40 homes for sale, up 60% from 25 last month and slightly higher than last year's 39. Still tight but improving availability.
📊 Sales activity surged dramatically – 19 homes closed in April, up 46% from last month and up 73% from last year. Exceptional sales momentum!
What Buyers and Sellers Need to Know
✨ Sellers: You're in an extraordinarily strong position with homes selling at 114.5% of asking price and moving in under two weeks. The 2.11 months supply indicates extreme seller leverage - price aggressively and expect multiple offers.
🔍 Buyers: Prepare for fierce competition and expect to pay significantly above asking price. With homes selling 14.5% over list price in just 12 days, you'll need pre-approval, flexible terms, and quick decision-making. This is one of the hottest seller's markets on record.
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