Ridgefield, CT November 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 October 2025. You will see data comparisons between October and the previous month, the last three months and October 2024.
| Overview | YTD Avg. | October | September | Jul. – Sep. | Oct. 2024 |
|---|---|---|---|---|---|
| New Listings | 293 | 17 | 32 | 28 | 26 |
| Average Sales Price per Square Foot | 388 | 399 | 397 | 382 | 402 |
| Average Days on Market | 46 | 45 | 41 | 37 | 35 |
| Number of Properties for Sale | 516 | 48 | 62 | 60 | 42 |
| Average List Price | $1,752,464 | $2,035,220 | $1,738,438 | $1,756,645 | $1,616,406 |
| Median List Price | $1,304,275 | $1,722,500 | $1,399,000 | $1,441,333 | $1,102,500 |
| Average Sales Price | $1,305,077 | $1,282,495 | $1,647,411 | $1,301,347 | $1,166,175 |
| Median Sales Price | $1,149,216 | $1,185,000 | $1,625,000 | $1,244,333 | $1,162,500 |
| Sales Price / List Price Ratio | 104.96% | 104.25% | 105.25% | 105.05% | 102.45% |
| Number of Properties Sold | 188 | 19 | 19 | 23 | 20 |
| Month’s Supply of Inventory | 3.12 | 2.53 | 3.26 | 2.65 | 2.1 |
| Absorption Rate | 0.36 | 0.4 | 0.31 | 0.4 | 0.48 |
Average & Median Sales Price
The median sales price in October 2025 was $1,185,000, down 27.08% from $1,625,000 from the previous month and 1.94% higher than $1,162,500 from October 2024. The October 2025 median sales price was at its highest level compared to October 2024 and 2023. The average sales price in October 2025 was $1,282,495, down 22.15% from $1,647,411 from the previous month and 9.97% higher than $1,166,175 from October 2024. The October 2025 average sale price was at its highest level compared to October 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 October 2025 sales price/list price ratio was 104.25%, equal to the previous month and up from 102.45% from October 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in October 2025 was 19, equal to the previous month and 5.00% lower than 20 from October 2024. The October 2025 sales were at its lowest level compared to October 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 October 2025 was 45 days, up 9.76% from 41 days from the previous month and 28.57% higher than 35 days from October 2024. The October 2025 DOM was at a mid level compared with October 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 October 2025 was $399, equal to the previous month and equal to October 2024.
Inventory & MSI
The number of properties for sale in October 2025 was 48, down 22.58% from 62 from the previous month and 14.29% higher than 42 from October 2024. The October 2025 inventory was at a mid level compared with October 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2025 MSI of 2.53 months was at a mid level compared with October 2024 and 2023.
New Listings
The number of new listings in October 2025 was 17, down 46.88% from 32 from the previous month and 34.62% lower than 26 from October 2024. The October 2025 listings were at its lowest level compared to October 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the October 2025 Ridgefield Market Update:
🏠 Home prices declining from peak – Median sales price is $1.19M, down 27.08% from September's $1.63M, but up 1.94% from last year's $1.16M. Correction from fall high while maintaining year-over-year gains.
⏳ Homes selling slightly slower – Average days on market is 45 days, up 9.76% from September's 41 days, and up 28.57% from last year's 35-day pace. Moderate deceleration in market velocity.
📉 Inventory contracting – 48 homes for sale, down 22.58% from last month's 62, but up 14.29% from last year's 42. Mid-level inventory favors sellers despite increase from 2024.
📊 Sales holding steady – 19 homes closed in October, equal to September, and down 5% from last year's 20. Stable transaction volume year-over-year..
What Buyers and Sellers Need to Know
✨ Sellers: Strong pricing power with homes selling at 104.25% of list price despite the 27% monthly price correction. Limited inventory and stable sales velocity support your position.
🔍 Buyers: Above-list sales indicate competition, but the sharp September-to-October price drop and 47% decline in new listings may signal fewer aggressive sellers entering the market.
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