Fairfield, CT October 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 September 2025. You will see data comparisons between September and the previous month, the last three months and September 2024.
| Overview | YTD Avg. | September | August | Jun. – Aug. | Sep. 2024 |
|---|---|---|---|---|---|
| New Listings | 614 | 82 | 46 | 66 | 83 |
| Average Sales Price per Square Foot | 499 | 515 | 516 | 487 | 418 |
| Average Days on Market | 52 | 38 | 50 | 47 | 56 |
| Number of Properties for Sale | 1168 | 118 | 118 | 142 | 175 |
| Average List Price | $1,792,111 | $2,187,911 | $2,126,479 | $1,986,849 | $1,669,138 |
| Median List Price | $1,153,306 | $1,447,000 | $1,395,000 | $1,297,667 | $949,000 |
| Average Sales Price | $1,385,187 | $1,263,668 | $1,476,486 | $1,378,965 | $1,228,281 |
| Median Sales Price | $1,072,167 | $877,500 | $1,325,000 | $1,160,667 | $772,500 |
| Sales Price / List Price Ratio | 103.07% | 102.91% | 104.93% | 104.37% | 100.18% |
| Number of Properties Sold | 423 | 42 | 67 | 64 | 48 |
| Month’s Supply of Inventory | 2.96 | 2.81 | 1.76 | 2.27 | 3.65 |
| Absorption Rate | 0.36 | 0.36 | 0.57 | 0.46 | 0.27 |
Average & Median Sales Price
The median sales price in September 2025 was $877,500, down -33.77% from $1,325,000 from the previous month and 13.59% higher than $772,500 from September 2024. The September 2025 median sales price was at its highest level compared to September 2024 and 2023.
The average sales price in September 2025 was $1,263,668, down -14.41% from $1,476,486 from the previous month and 2.88% higher than $1,228,281 from September 2024. The September 2025 average sale price was at its highest level compared to September 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 September 2025 sales price/list price ratio was 102.91%, down from 104.93% from the previous month and up from 100.18% from September 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in September 2025 was 42, down -37.31% from 67 from the previous month and -12.50% lower than 48 from September 2024. The September 2025 sales were at a mid level compared to September 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 September 2025 was 38 days, down -24.00% from 50 days from the previous month and -32.14% lower than 56 days from September 2024. The September 2025 DOM was at its lowest level compared with September 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 September 2025 was $515, equal to the previous month and 23.21% higher than $418 from September 2024.
Inventory & MSI
The number of properties for sale in September 2025 was 118, equal to the previous month and -32.57% lower than 175 from September 2024. The September 2025 inventory was at its lowest level compared with September 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2025 MSI of 2.81 months was at its lowest level compared with September 2024 and 2023.
New Listings
The number of new listings in September 2025 was 82, up 78.26% from 46 from the previous month and -1.20% lower than 83 from September 2024. The September 2025 listings were at a mid level compared to September 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the September 2025 Fairfield Market Update:
🏠 Home prices down sharply month-over-month – Median sales price is $878K, down 34% from August's $1.33M, but up 14% from last year's $773K. Significant monthly correction despite strong annual gains.
⏳ Homes selling faster – Average days on market dropped to 38 days, down 24% from August's 50 days, and down 32% from last year's 56-day pace. Market velocity accelerating.
📉 Inventory holding steady but tight – 118 homes for sale, flat with last month, but down 33% from last year's 175. Persistent supply constraints favoring sellers.
📈 Sales activity declining – 42 homes closed in September, down 37% from August's 67, and down 13% from last year's 48. Notable monthly slowdown.
What Buyers and Sellers Need to Know
✨ Sellers: Despite the sharp median price drop from August, the 38-day average selling time (fastest in three years) and inventory down 33% year-over-year signal continued seller advantage. The monthly price decline may reflect mix shift rather than true depreciation.
🔍 Buyers: Fastest market pace since 2023 with 32% lower days on market year-over-year means less time to deliberate. However, the above-list-price ratio cooling to 103% (from 105% in August) suggests slightly more negotiating room than summer peak.
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