Weston, CT May 2025 Real Estate Market Insights & Forecasts
Assembled by: Judy Michaelis, 203-247-5000
Market Trends Report
Overview
Welcome to your Westport real estate update for April 2025. This report highlights the market activity from the beginning of the year through April. You’ll see how April compares to March, the first quarter, and where we were this time last year.
| 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
Westport home prices remain strong but have cooled slightly from March’s peak. The median price of $3.1 million in April shows a modest decrease from March but represents a substantial increase compared to last year. This pattern reflects the typical seasonal adjustments we often see in spring, while maintaining the overall upward trend from previous years.
Sales Price / List Price Ratio
Homes in Westport continue to sell above asking price, though the premium has decreased slightly from March. The current ratio of nearly 102% indicates that while we’re still in a seller’s market, some balance is returning. Buyers are gaining a bit more negotiation power compared to the previous month, though sellers still have an advantage similar to last April.
Number of Properties Sold & Absorption Rate
There’s been a moderate increase in sales activity this month with 19 properties changing hands, up from 17 in March. This is actually lower than this time last year when 30 properties sold, suggesting a more controlled pace of sales despite the spring season. The absorption rate has remained steady, showing a balanced relationship between available inventory and buyer demand.
Average Days on Market
Good news for sellers – homes are selling faster than in March. The typical Westport property now spends about 60 days on market before selling, down from 69 days in March. However, homes are taking longer to sell compared to last year, suggesting buyers are being more deliberate in their decisions. This reflects a market that’s active but not frenzied.
Average Sales Price per Square Foot
The value proposition of Westport real estate continues to strengthen. At $598 per square foot, property values have remained stable from March while showing solid appreciation compared to last year. This consistent price per square foot indicates strong fundamental value in the market regardless of the size of the home.
Inventory & MSI
Spring has brought more options for buyers with inventory growing to 98 available properties, an 18% increase from March. Despite this growth, we’re still seeing slightly fewer homes on the market than a year ago. The current 5.16 months supply of inventory suggests a fairly balanced market, though conditions are more favorable for sellers compared to this time last year.
New Listings
April saw a significant surge in homeowners bringing their properties to market, with 66 new listings – a 50% jump from March and 22% more than last April. This seasonal increase gives buyers more choices and helps feed market demand. This trend typically continues into early summer, so we expect to see continued growth in available properties.
Judy Michaelis
Hello Westport!
Here are your latest market insights:
🏡 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.
✨ 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.
Have questions or want personalized advice?
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