Fairfield, CT May 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report – April 2025
Fairfield, Connecticut
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 | 247 | 80 | 67 | 56 | 104 |
| Average Sales Price per Square Foot | 507 | 464 | 521 | 521 | 448 |
| Average Days on Market | 59 | 51 | 55 | 62 | 43 |
| Number of Properties for Sale | 416 | 102 | 113 | 105 | 169 |
| Average List Price | $1,560,350 | $1,716,425 | $1,459,118 | $1,508,324 | $1,611,674 |
| Median List Price | $966,375 | $999,500 | $999,000 | $955,333 | $1,075,000 |
| Average Sales Price | $1,466,169 | $1,514,872 | $1,283,588 | $1,449,935 | $1,283,538 |
| Median Sales Price | $1,091,875 | $950,000 | $1,137,500 | $1,139,167 | $875,000 |
| Sales Price / List Price Ratio | 101.9% | 103.75% | 102.86% | 101.29% | 101.87% |
| Number of Properties Sold | 136 | 47 | 34 | 30 | 51 |
| Month’s Supply of Inventory | 3.2 | 2.17 | 3.32 | 3.54 | 3.31 |
| Absorption Rate | 0.33 | 0.46 | 0.3 | 0.28 | 0.3 |
Average & Median Sales Price
The median sales price in April 2025 was $950,000, down -16.48% from $1,137,500 from the previous month and 8.57% higher than $875,000 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 $1,514,872, up 18.02% from $1,283,588 from the previous month and 18.02% higher than $1,283,538 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 103.75%, equal to the previous month and up from 101.87% from April 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2025 was 47, up 38.24% from 34 from the previous month and -7.84% lower than 51 from April 2024. The April 2025 sales were at its lowest 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 51 days, down -7.27% from 55 days from the previous month and 18.60% higher than 43 days from April 2024. The April 2025 DOM was at a mid 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 $464, down -10.94% from $521 from the previous month and 3.57% higher than $448 from April 2024.
Inventory & MSI
The number of properties for sale in April 2025 was 102, down -9.73% from 113 from the previous month and -39.64% lower than 169 from April 2024. The April 2025 inventory was at its lowest 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 2.17 months was at its lowest level compared with April 2024 and 2023.
New Listings
The number of new listings in April 2025 was 80, up 19.40% from 67 from the previous month and -23.08% lower than 104 from April 2024. The April 2025 listings were at its lowest level compared to April 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 April 2025 Fairfield Market Update:
Mixed price signals but underlying strength – Median sales price dropped 16% to $950K from March, but average price surged 18% to $1.515M with solid year-over-year gains of 8.6% median and 18% average.
Reasonable selling timeline – Average days on market at 51 days, down 7% from March but still 19% higher than last year's 43 days. Market showing good efficiency without extreme conditions.
Healthy inventory levels – 102 homes for sale with 2.17 months supply offers actual buyer choice while still favoring sellers. Balanced approach contrasts with ultra-tight markets elsewhere.
Spring momentum building – 47 closings up 38% from March and new listings increased 19% to 80 properties. Market activity gaining traction as spring season progresses.
What Buyers and Sellers Need to Know
Sellers: You're in a favorable position with reasonable inventory and good demand, but expect more balanced negotiations than severely constrained markets.
Buyers: Fairfield offers better inventory selection and market balance compared to ultra-tight markets, making it attractive for those seeking actual choice.
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