Ridgefield, 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 | 96 | 42 | 25 | 18 | 44 |
| Average Sales Price per Square Foot | 404 | 447 | 378 | 389 | 393 |
| Average Days on Market | 60 | 32 | 96 | 69 | 42 |
| Number of Properties for Sale | 133 | 38 | 31 | 32 | 61 |
| Average List Price | $1,480,939 | $1,643,630 | $1,441,890 | $1,426,709 | $1,550,198 |
| Median List Price | $1,194,125 | $1,149,500 | $1,149,000 | $1,209,000 | $995,000 |
| Average Sales Price | $1,500,855 | $1,750,667 | $1,553,797 | $1,417,584 | $1,055,385 |
| Median Sales Price | $1,197,125 | $985,000 | $1,447,500 | $1,267,833 | $870,000 |
| Sales Price / List Price Ratio | 100.58% | 100.88% | 100.96% | 100.47% | 107.14% |
| Number of Properties Sold | 53 | 15 | 16 | 13 | 13 |
| Month’s Supply of Inventory | 2.61 | 2.53 | 1.94 | 2.64 | 4.69 |
| Absorption Rate | 0.4 | 0.39 | 0.52 | 0.4 | 0.21 |
Average & Median Sales Price
The median sales price in April 2026 was $985,000, down -31.95% from $1,447,500 from the previous month and 13.22% higher than $870,000 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 $1,750,667, up 12.67% from $1,553,797 from the previous month and 65.88% higher than $1,055,385 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 100.88%, equal to the previous month and down from 107.14% from April 2025.
Number of Properties Sold & Absorption Rate
The number of properties sold in April 2026 was 15, down -6.25% from 16 from the previous month and 15.38% higher than 13 from April 2025. The April 2026 sales were at its highest 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 32 days, down -66.67% from 96 days from the previous month and -23.81% lower than 42 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 $447, up 18.25% from $378 from the previous month and 13.74% higher than $393 from April 2025.
Inventory & MSI
The number of properties for sale in April 2026 was 38, up 22.58% from 31 from the previous month and -37.70% lower than 61 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 2.53 months was at its lowest level compared with April 2025 and 2024.
New Listings
The number of new listings in April 2026 was 42, up 68.00% from 25 from the previous month and -4.55% lower than 44 from April 2025. The April 2026 listings were at a mid level compared to April 2025 and 2024.
Judy Michaelis
Prefer the quick version? Here’s a snapshot of the April 2026 Ridgefield Market Update:
🏠 Average price at a three-year April high, median up year-over-year – Average sales price climbed to $1,750,667, up 12.67% from March and up 65.88% from last April’s $1,055,385 — its highest level compared to April 2025 and 2024. Median came in at $985,000, up 13.22% year-over-year, also at its highest April level in three years.
⏳ Homes selling fastest of any April in three years – DOM snapped back to 32 days, down 66.67% from March’s 96 and at its lowest level compared with April 2025 and 2024. Homes are closing at 100.88% of asking, equal to March.
📉 Inventory at a three-year April low – 38 homes for sale, down 37.70% from last April’s 61 — the lowest level compared with April 2025 and 2024. MSI of 2.53 months is also at its lowest April on record in the dataset.
📊 Sales hit a three-year April high, new listings surge – 15 homes closed, up 15.38% from last April’s 13. New listings jumped 68% to 42 from March’s 25, at a mid level compared to prior Aprils.
What Buyers and Sellers Need to Know
✨ Sellers: Ridgefield’s average price is at a three-year high, inventory is at its tightest April in three years, and homes are moving in just 32 days. Conditions are squarely in your favor.
🔍 Buyers: 42 new listings this April gives you more options than recent months — but with DOM at a three-year low and prices rising, move quickly when the right home appears.
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