Westport, CT May 2025 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 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 | 171 | 66 | 44 | 35 | 54 |
| Average Sales Price per Square Foot | 594 | 598 | 593 | 592 | 519 |
| Average Days on Market | 58 | 60 | 69 | 57 | 46 |
| Number of Properties for Sale | 331 | 98 | 83 | 78 | 102 |
| Average List Price | $4,471,627 | $4,174,601 | $4,511,133 | $4,570,635 | $3,308,339 |
| Median List Price | $3,848,750 | $3,625,000 | $3,895,000 | $3,923,333 | $2,797,000 |
| Average Sales Price | $2,513,469 | $2,751,105 | $3,304,635 | $2,434,257 | $2,180,725 |
| Median Sales Price | $2,432,563 | $3,100,000 | $3,240,000 | $2,210,083 | $2,354,000 |
| Sales Price / List Price Ratio | 101.74% | 101.78% | 103.61% | 101.72% | 101.44% |
| Number of Properties Sold | 62 | 19 | 17 | 14 | 30 |
| Month’s Supply of Inventory | 5.43 | 5.16 | 4.88 | 5.52 | 3.4 |
| Absorption Rate | 0.19 | 0.19 | 0.2 | 0.19 | 0.29 |
Average & Median Sales Price
The median sales price in April 2025 was $3,100,000, down -4.32% from $3,240,000 from the previous month and 31.69% higher than $2,354,000 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 $2,751,105, down -16.75% from $3,304,635 from the previous month and 26.16% higher than $2,180,725 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 101.78%, down from 103.61% from the previous month and equal to April 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2025 was 19, up 11.76% from 17 from the previous month and -36.67% lower than 30 from April 2024. The April 2025 sales were at a mid 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 60 days, down -13.04% from 69 days from the previous month and 30.43% higher than 46 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 $598, equal to the previous month and 15.22% higher than $519 from April 2024.
Inventory & MSI
The number of properties for sale in April 2025 was 98, up 18.07% from 83 from the previous month and -3.92% lower than 102 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 5.16 months was at a mid level compared with April 2024 and 2023.
New Listings
The number of new listings in April 2025 was 66, up 50.0% from 44 from the previous month and 22.22% higher than 54 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 Westport Market Update:
🏡 Inventory remains low – Only 70 homes are for sale, compared to the typical 400. It’s still a strong seller’s market.
💰 Prices continue to rise – April’s median sales price reached $3.35M, up 3.5% from March and 42% higher than last year.
⏳ Homes are taking longer to sell – Average time on market is 64 days, but well-prepped homes still attract strong offers.
📉 Fewer sales, but demand is still strong – April saw only 12 closed sales due to limited inventory, not a lack of buyer interest.
What Buyers and Sellers Need to Know
✨ Sellers: You’re in a great position. With limited competition, proper preparation and pricing are key to strong offers.
🔍 Buyers: You have more time to decide, but still need to act fast. Homes that have been sitting may offer negotiation opportunities.
Want Personalized Advice?
Have thoughts or questions? Let me know what you think!
Feel free to reach out anytime—and don’t forget to like and subscribe for more updates on the Weston market!
