Redding, CT May 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report – April 2025
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 | 43 | 17 | 13 | 9 | 12 |
| Average Sales Price per Square Foot | 321 | 285 | 313 | 332 | 354 |
| Average Days on Market | 85 | 66 | 114 | 92 | 110 |
| Number of Properties for Sale | 95 | 23 | 25 | 24 | 27 |
| Average List Price | $1,386,497 | $1,438,043 | $1,293,572 | $1,369,315 | $1,765,206 |
| Median List Price | $1,225,500 | $1,499,000 | $995,000 | $1,134,333 | $1,250,000 |
| Average Sales Price | $1,105,288 | $845,714 | $809,438 | $1,191,813 | $1,038,750 |
| Median Sales Price | $1,027,250 | $835,000 | $822,500 | $1,091,333 | $815,000 |
| Sales Price / List Price Ratio | 96% | 98.62% | 93.2% | 95.13% | 99.21% |
| Number of Properties Sold | 27 | 7 | 8 | 7 | 7 |
| Month’s Supply of Inventory | 3.61 | 3.29 | 3.12 | 3.72 | 3.86 |
| Absorption Rate | 0.28 | 0.3 | 0.32 | 0.28 | 0.26 |
Average & Median Sales Price
The median sales price in April 2025 was $835,000, up 1.52% from $822,500 from the previous month and 2.45% higher than $815,000 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 $845,714, up 4.48% from $809,438 from the previous month and -18.58% lower than $1,038,750 from April 2024. The April 2025 average sale price was at its lowest 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 98.62%, up from 93.2% from the previous month and equal to April 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2025 was 7, down -12.50% from 8 from the previous month and equal to 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 66 days, down -42.11% from 114 days from the previous month and -40.0% lower than 110 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 $285, down -8.95% from $313 from the previous month and -19.49% lower than $354 from April 2024.
Inventory & MSI
The number of properties for sale in April 2025 was 23, down -8.00% from 25 from the previous month and -14.81% lower than 27 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 3.29 months was at a mid level compared with April 2024 and 2023.
New Listings
The number of new listings in April 2025 was 17, up 30.77% from 13 from the previous month and 41.67% higher than 12 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 Redding Market Update:
🏠 Prices holding steady – Median sales price edged up to $835K, up slightly from March and 2% above last year. Average price fell to $846K, down 19% from last year.
⏰ Homes selling much faster – Average days on market dropped to 66 days, down 42% from March's 114 days and 40% below last year's 110 days.
📈 Inventory remains tight – Only 23 homes available, down 8% from March and 15% below last year. Supply constraints continue.
📊 Sales volume steady – 7 homes sold, down from March but matching last year. Low transaction volume reflects limited inventory.
What Buyers and Sellers Need to Know
✨ Sellers: Market momentum building with homes selling faster and at 99% of asking price. The 3.3-month supply favors sellers.
🔍 Buyers: Improved market timing with faster sales pace and steady pricing. Competition less intense than peak markets, but inventory remains limited.
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