Ridgefield, 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 | 272 | 28 | 16 | 30 | 34 |
| Average Sales Price per Square Foot | 387 | 397 | 383 | 384 | 398 |
| Average Days on Market | 46 | 41 | 38 | 33 | 63 |
| Number of Properties for Sale | 444 | 42 | 47 | 59 | 55 |
| Average List Price | $1,759,627 | $2,029,171 | $1,879,191 | $1,732,819 | $1,486,446 |
| Median List Price | $1,319,028 | $1,825,000 | $1,700,000 | $1,454,833 | $1,175,000 |
| Average Sales Price | $1,307,586 | $1,647,411 | $1,147,133 | $1,200,826 | $881,885 |
| Median Sales Price | $1,145,240 | $1,625,000 | $1,025,000 | $1,120,385 | $734,500 |
| Sales Price / List Price Ratio | 105.04% | 105.25% | 104.29% | 106.73% | 98.46% |
| Number of Properties Sold | 169 | 19 | 27 | 30 | 16 |
| Month’s Supply of Inventory | 3.06 | 2.21 | 1.74 | 2.03 | 3.44 |
| Absorption Rate | 0.37 | 0.45 | 0.57 | 0.53 | 0.29 |
Average & Median Sales Price
The median sales price in September 2025 was $1,625,000, up 58.54% from $1,025,000 from the previous month and 121.24% higher than $734,500 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 $1,647,411, up 43.61% from $1,147,133 from the previous month and 86.81% higher than $881,885 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 105.25%, equal to the previous month and up from 98.46% from September 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in September 2025 was 19, down -29.63% from 27 from the previous month and 18.75% higher than 16 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 41 days, up 7.89% from 38 days from the previous month and -34.92% lower than 63 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 $397, up 3.66% from $383 from the previous month and equal to September 2024.
Inventory & MSI
The number of properties for sale in September 2025 was 42, down -10.64% from 47 from the previous month and -23.64% lower than 55 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 2.21 months was at a mid level compared with September 2024 and 2023.
New Listings
The number of new listings in September 2025 was 28, up 75.00% from 16 from the previous month and -17.65% lower than 34 from 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 Ridgefield Market Update:
🏠 Home prices surge dramatically – Median sales price is $1,625,000. That's up 58.54% from August's $1,025,000 and up 121.24% from last year's $734,500, marking the highest level compared to September 2024 and 2023 in a remarkable market recovery.
⏰ Homes selling quickly despite slight slowdown – Average days on market is 41 days, up modestly from August's 38 days but significantly faster than last year's 63 days. This represents the lowest level compared with September 2024 and 2023.
📈 Inventory at historic lows – 42 homes for sale, down 10.64% from last month's 47 and down 23.64% from last year's 55 homes. September 2025 inventory was at its lowest level compared with September 2024 and 2023, creating tight market conditions.
📊 Sales activity moderates but remains healthy – 19 homes closed in September, down 29.63% from August's 27 closings but up 18.75% from last year's 16 sales, demonstrating mid-level activity compared to recent years.
What Buyers and Sellers Need to Know
✨ Sellers: Market strongly favors your position with prices up 121% year-over-year and homes selling at 105.25% of list price. With only 2.21 months of inventory and 42 properties available, pricing power remains firmly in your court.
🔍 Buyers: Expect fierce competition with prices surging and inventory at record lows. Homes still sell in 41 days despite the price spike, so be prepared to act quickly and potentially pay above asking in this aggressive seller's market.
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