Fairfield, 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 | 5883 | 547 | 753 | 884 | 623 |
| Average Sales Price per Square Foot | 403 | 413 | 413 | 416 | 380 |
| Average Days on Market | 53 | 45 | 45 | 45 | 48 |
| Number of Properties for Sale | 11746 | 1215 | 1682 | 1777 | 1639 |
| Average List Price | $1,576,583 | $1,611,736 | $1,528,352 | $1,542,426 | $1,475,267 |
| Median List Price | $799,000 | $799,000 | $799,000 | $816,333 | $740,000 |
| Average Sales Price | $1,210,701 | $1,243,471 | $1,321,526 | $1,268,659 | $1,160,342 |
| Median Sales Price | $793,750 | $825,000 | $860,000 | $853,333 | $822,000 |
| Sales Price / List Price Ratio | 103.23% | 102.87% | 103.53% | 104.27% | 103.24% |
| Number of Properties Sold | 4172 | 695 | 745 | 661 | 706 |
| Month’s Supply of Inventory | 3 | 1.75 | 2.26 | 2.75 | 2.32 |
| Absorption Rate | 0.36 | 0.57 | 0.44 | 0.37 | 0.43 |
Average & Median Sales Price
The median sales price in August 2025 was $825,000, down -4.07% from $860,000 from the previous month and equal to August 2024. The August 2025 median sales price was at its highest level compared to August 2024 and 2023.
The average sales price in August 2025 was $1,243,471, down -5.91% from $1,321,526 from the previous month and 7.16% higher than $1,160,342 from August 2024. The August 2025 average sale price was at its highest 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 102.87%, equal to the previous month and equal to August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 695, down -6.71% from 745 from the previous month and -1.56% lower than 706 from August 2024. The August 2025 sales were at its lowest 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 45 days, equal to the previous month and -6.25% lower than 48 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 $413, equal to the previous month and 8.68% higher than $380 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 1,215, down -27.76% from 1,682 from the previous month and -25.87% lower than 1,639 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 1.75 months was at its lowest level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 547, down -27.36% from 753 from the previous month and -12.20% lower than 623 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 Fairfield Market Update:
🏠 Prices easing slightly – Median sales price hit $825K, down 4% from July’s $860K but flat vs. last year. Average sales price of $1.24M still 7% higher than Aug 2024.
⏳ Selling pace steady – Homes averaged 45 days on market, unchanged from July and slightly faster than last year’s 48 days.
📉 Inventory tightened hard – Only 1,215 homes for sale, down 28% from July’s 1,682 and 26% below last year’s 1,639. Supply remains at a lean 1.75 months.
📈 Fewer sales closed – 695 homes sold, down 7% from July and 2% below last year’s 706. Lowest August sales in 3 years.
What Buyers and Sellers Need to Know
✨ Sellers: Ultra-low inventory means less competition and firmer pricing power, even with slight month-over-month price dips. A steady 45-day selling pace gives room for strategic pricing.
🔍 Buyers: Selection is your biggest challenge—listings dropped to a 3-year low. Be ready with financing and flexible terms to secure opportunities in this supply-starved market.
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