Fairfield, CT May 2026 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 2026 to April 2026. You will see data comparisons between April and the previous month, the last three months and April 2025.
| Overview | YTD Avg. | April | March | Jan. – Mar. | Apr. 2025 |
|---|---|---|---|---|---|
| New Listings | 227 | 73 | 66 | 51 | 85 |
| Average Sales Price per Square Foot | 539 | 565 | 550 | 530 | 459 |
| Average Days on Market | 45 | 42 | 48 | 46 | 51 |
| Number of Properties for Sale | 399 | 94 | 103 | 102 | 150 |
| Average List Price | $2,045,771 | $1,954,307 | $2,075,153 | $2,076,259 | $1,586,437 |
| Median List Price | $1,250,375 | $1,024,500 | $1,299,000 | $1,325,667 | $997,250 |
| Average Sales Price | $1,511,107 | $1,620,056 | $1,507,631 | $1,474,790 | $1,489,061 |
| Median Sales Price | $1,133,313 | $1,083,750 | $1,200,000 | $1,149,833 | $950,000 |
| Sales Price / List Price Ratio | 104.22% | 105.23% | 103.89% | 103.88% | 103.66% |
| Number of Properties Sold | 134 | 36 | 41 | 33 | 49 |
| Month’s Supply of Inventory | 3.07 | 2.61 | 2.51 | 3.22 | 3.06 |
| Absorption Rate | 0.34 | 0.38 | 0.40 | 0.32 | 0.33 |
Average & Median Sales Price
The median sales price in April 2026 was $1,083,750, down -9.69% from $1,200,000 from the previous month and 14.08% higher than $950,000 from April 2025. The April 2026 median sales price was at its highest level compared to April 2025 and 2024. The average sales price in April 2026 was $1,620,056, up 7.46% from $1,507,631 from the previous month and 8.80% higher than $1,489,061 from April 2025. The April 2026 average sale price was at its highest level compared to April 2025 and 2024.
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 2026 sales price/list price ratio was 105.23%, up from 103.89% from the previous month and up from 103.66% from April 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2026 was 36, down -12.20% from 41 from the previous month and -26.53% lower than 49 from April 2025. The April 2026 sales were at its lowest level compared to April 2025 and 2024. 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 2026 was 42 days, down -12.50% from 48 days from the previous month and -17.65% lower than 51 days from April 2025. The April 2026 DOM was at its lowest level compared with April 2025 and 2024.
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 2026 was $565, up 2.73% from $550 from the previous month and 23.09% higher than $459 from April 2025.
Inventory & MSI
The number of properties for sale in April 2026 was 94, down -8.74% from 103 from the previous month and -37.33% lower than 150 from April 2025. The April 2026 inventory was at its lowest level compared with April 2025 and 2024. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2026 MSI of 2.61 months was at its lowest level compared with April 2025 and 2024.
New Listings
The number of new listings in April 2026 was 73, up 10.61% from 66 from the previous month and -14.12% lower than 85 from April 2025. The April 2026 listings were at its lowest level compared to April 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the April 2026 Fairfield Market Update:
🏠 Prices at their highest April level in three years – Average sales price climbed to $1,620,056, up 8.80% from last April’s $1,489,061. Median came in at $1,083,750, up 14.08% year-over-year — both at their highest levels compared to April 2025 and 2024.
⏳ Homes selling faster than any April on record – DOM came in at 42 days, down 17.65% from last April’s 51 and at its lowest level compared with April 2025 and 2024. Homes are closing at a 105.23% sale-to-list ratio, up from March’s 103.89% and above last April’s 103.66%.
📉 Inventory at a three-year April low – 94 homes for sale, down 8.74% from March’s 103 and down 37.33% from last April’s 150. MSI of 2.61 months is at its lowest level compared with April 2025 and 2024.
📊 Sales volume eased while prices held firm – 36 homes closed, down 12.20% from March’s 41 and down 26.53% from last April’s 49. New listings rose 10.61% to 73 from March’s 66, though still down 14.12% from last April.
What Buyers and Sellers Need to Know
✨ Sellers: With inventory at a three-year April low and prices at their highest April on record, conditions remain as strong as they’ve been. Well-priced homes are closing above asking at 105.23%.
🔍 Buyers: Only 94 homes are available and they’re moving in 42 days — the fastest April pace in three years. Be ready to act decisively when the right home hits the market.
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