Redding, CT October 2025 Real Estate Market Report: Insights & Forecast
Assembled by: Judy Michaelis, 203-247-5000
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 | 125 | 14 | 10 | 12 | 14 |
| Average Sales Price per Square Foot | 320 | 310 | 318 | 332 | 261 |
| Average Days on Market | 73 | 84 | 54 | 44 | 47 |
| Number of Properties for Sale | 312 | 31 | 39 | 44 | 37 |
| Average List Price | $1,472,716 | $1,828,581 | $1,608,895 | $1,573,281 | $1,482,297 |
| Median List Price | $1,083,722 | $1,195,000 | $1,045,000 | $1,022,000 | $1,145,000 |
| Average Sales Price | $1,116,581 | $1,347,731 | $1,072,667 | $1,087,214 | $840,021 |
| Median Sales Price | $1,038,267 | $1,280,000 | $955,000 | $1,018,500 | $731,000 |
| Sales Price / List Price Ratio | 98.23% | 97.46% | 98.32% | 102.77% | 98.42% |
| Number of Properties Sold | 88 | 13 | 9 | 14 | 7 |
| Month’s Supply of Inventory | 3.9 | 2.38 | 4.33 | 3.54 | 5.29 |
| Absorption Rate | 0.28 | 0.42 | 0.23 | 0.31 | 0.19 |
Average & Median Sales Price
The median sales price in September 2025 was $1,280,000, up 34.03% from $955,000 from the previous month and 75.10% higher than $731,000 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 $1,347,731, up 25.64% from $1,072,667 from the previous month and 60.44% higher than $840,021 from September 2024. The September 2025 average sale price was at a mid 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 97.46%, equal to the previous month and equal to September 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in September 2025 was 13, up 44.44% from 9 from the previous month and 85.71% higher than 7 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 84 days, up 55.56% from 54 days from the previous month and 78.72% higher than 47 days from September 2024. The September 2025 DOM was at its highest 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 $310, down -2.52% from $318 from the previous month and 18.77% higher than $261 from September 2024.
Inventory & MSI
The number of properties for sale in September 2025 was 31, down -20.51% from 39 from the previous month and -16.22% lower than 37 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 2.38 months was at its lowest level compared with September 2024 and 2023.
New Listings
The number of new listings in September 2025 was 14, up 40.0% from 10 from the previous month and equal to September 2024. The September 2025 listings were at its lowest level compared to September 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the September 2025 Redding Market Update:
🏠 Home prices surged – Median sales price jumped to $1.28M, up 34% from August’s $955K and 75% higher than last year’s $731K. Average sales price also climbed to $1.35M, a 26% increase from last month.
⏳ Homes taking longer to sell – Average days on market rose to 84, up 56% from August’s 54 days and nearly double last year’s 47 days. Market showing signs of buyer hesitation despite rising prices.
📉 Inventory extremely tight – Only 31 homes for sale, down 21% from August and 16% lower than last year. Months’ supply fell to just 2.38, the lowest level in three years.
📈 Sales picked up – 13 homes closed in September, up 44% from August and 86% higher than last year. Transaction activity remains strong despite limited inventory.
What Buyers and Sellers Need to Know
✨ Sellers: Prices hit record highs, but longer days on market show buyers are cautious. Strategic pricing is key to moving quickly.
🔍 Buyers: Inventory is critically low, but more homes sold in September, signaling competition remains strong. Be prepared to act fast when the right property appears.
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