Darien, CT September 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 August 2025. You will see data comparisons between August and the previous month, the last three months and August 2024.
| Overview | YTD Avg. | August | July | May – Jul. | Aug. 2024 |
|---|---|---|---|---|---|
| New Listings | 207 | 12 | 14 | 27 | 13 |
| Average Sales Price per Square Foot | 753 | 704 | 729 | 761 | 636 |
| Average Days on Market | 31 | 27 | 38 | 31 | 37 |
| Number of Properties for Sale | 252 | 23 | 27 | 36 | 29 |
| Average List Price | $4,319,920 | $4,605,873 | $4,419,188 | $3,955,214 | $3,958,345 |
| Median List Price | $2,988,438 | $2,325,000 | $2,325,000 | $2,174,333 | $3,495,000 |
| Average Sales Price | $2,808,970 | $2,495,043 | $3,125,425 | $3,087,931 | $2,358,281 |
| Median Sales Price | $2,466,625 | $2,329,000 | $2,700,000 | $2,645,500 | $1,692,500 |
| Sales Price / List Price Ratio | 106.57% | 105.56% | 107.04% | 108.49% | 103.19% |
| Number of Properties Sold | 177 | 34 | 41 | 31 | 28 |
| Month’s Supply of Inventory | 1.89 | 0.68 | 0.66 | 1.26 | 1.04 |
| Absorption Rate | 0.74 | 1.48 | 1.52 | 0.95 | 0.97 |
Average & Median Sales Price
The median sales price in August 2025 was $2,329,000, down -13.74% from $2,700,000 from the previous month and 37.61% higher than $1,692,500 from August 2024. The August 2025 median sales price was at a mid level compared to August 2024 and 2023.
The average sales price in August 2025 was $2,495,043, down -20.17% from $3,125,425 from the previous month and 5.80% higher than $2,358,281 from August 2024. The August 2025 average sale price was at a mid level compared to August 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 August 2025 sales price/list price ratio was 105.56%, down from 107.04% from the previous month and up from 103.19% from August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 34, down -17.07% from 41 from the previous month and 21.43% higher than 28 from August 2024. The August 2025 sales were at its highest level compared to August 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 August 2025 was 27 days, down -28.95% from 38 days from the previous month and -27.03% lower than 37 days from August 2024. The August 2025 DOM was at its lowest level compared with August 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 August 2025 was $704, down -3.43% from $729 from the previous month and 10.69% higher than $636 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 23, down -14.81% from 27 from the previous month and -20.69% lower than 29 from August 2024. The August 2025 inventory was at its lowest level compared with August 2024 and 2023.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2025 MSI of 0.68 months was at its lowest level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 12, down -14.29% from 14 from the previous month and -7.69% lower than 13 from August 2024. The August 2025 listings were at its lowest level compared to August 2024 and 2023.
Judy Michaelis
Prefer the quick version? Here's a snapshot of the August 2025 Darien Market Update:
🏠 Home prices pulling back from July peak – Median sales price dropped to $2.33M, down 14% from July's $2.70M, but still up 38% from last year's $1.69M. Market cooling from summer highs while maintaining strong annual gains.
⏳ Homes selling faster – Average days on market fell to 27 days, down 29% from July's 38 days. Properties moving more quickly despite price corrections.
📉 Inventory remains extremely tight – Only 23 homes for sale, down 15% from last month's 27, and 21% lower than last year's 29. Supply shortage persists across all price points.
📈 Sales volume moderating – 34 homes closed in August, down 17% from July's 41, but up 21% from last year's 28. Transaction activity normalizing after July surge.
What Buyers and Sellers Need to Know
✨ Sellers: Market showing natural correction after July's peak, but annual gains remain exceptional at 38%. Properties selling in under 4 weeks with strategic pricing. August's pullback creates opportunity for realistic pricing strategies.
🔍 Buyers: Inventory critically low with only 23 options, but prices retreated from July highs and homes selling faster. Still facing fierce competition but slightly better positioning than summer peak. Prepare for rapid decision-making in this supply-constrained environment.
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