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 | 531 | 46 | 69 | 76 | 58 |
| Average Sales Price per Square Foot | 497 | 516 | 455 | 479 | 464 |
| Average Days on Market | 54 | 50 | 45 | 48 | 44 |
| Number of Properties for Sale | 1045 | 115 | 150 | 150 | 152 |
| Average List Price | $1,747,772 | $2,161,757 | $1,987,986 | $1,873,300 | $1,742,974 |
| Median List Price | $1,116,594 | $1,395,000 | $1,299,000 | $1,215,667 | $928,500 |
| Average Sales Price | $1,400,377 | $1,476,486 | $1,244,220 | $1,295,889 | $1,329,313 |
| Median Sales Price | $1,096,500 | $1,325,000 | $1,100,000 | $1,026,500 | $1,125,000 |
| Sales Price / List Price Ratio | 103.09% | 104.93% | 104.17% | 104.1% | 103.06% |
| Number of Properties Sold | 381 | 67 | 54 | 59 | 60 |
| Month’s Supply of Inventory | 2.96 | 1.72 | 2.78 | 2.59 | 2.53 |
| Absorption Rate | 0.36 | 0.58 | 0.36 | 0.39 | 0.39 |
Average & Median Sales Price
The median sales price in August 2025 was $1,325,000, up 20.45% from $1,100,000 from the previous month and 17.78% higher than $1,125,000 from 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 $1,476,486, up 18.67% from $1,244,220 from the previous month and 11.07% higher than $1,329,313 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 104.93%, equal to the previous month and up from 103.06% from August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 67, up 24.07% from 54 from the previous month and 11.67% higher than 60 from August 2024. The August 2025 sales were at a mid 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 50 days, up 11.11% from 45 days from the previous month and 13.64% higher than 44 days from August 2024. The August 2025 DOM was at a mid 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 $516, up 13.41% from $455 from the previous month and 11.21% higher than $464 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 115, down -23.33% from 150 from the previous month and -24.34% lower than 152 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 1.72 months was at its lowest level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 46, down -33.33% from 69 from the previous month and -20.69% lower than 58 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 surging upward – Median sales price jumped to $1.33M, up 20% from July's $1.10M and 18% higher than last year's $1.13M. Average sales price of $1.48M climbed 19% from July and 11% above August 2024.
⏳ Selling pace slowing slightly – Homes averaged 50 days on market, up from July's 45 days and 14% slower than last year's 44 days. Still relatively quick by historical standards.
📉 Inventory squeezed tight – Only 115 homes for sale, plummeting 23% from July's 150 and 24% below last year's 152. Supply compressed to just 1.72 months, the lowest level in three years.
📈 Sales volume climbing – 67 homes sold, jumping 24% from July's 54 transactions and 12% above last year's 60 sales. Strong buying activity despite limited choices.
What Buyers and Sellers Need to Know
✨ Sellers: You're operating in a dream market with inventory at three-year lows and prices rising across all metrics. The slight uptick to 50 days on market gives you room to price strategically while maintaining strong negotiating position.
🔍 Buyers: Prepare for intense competition with inventory down nearly 25% year-over-year. Come armed with pre-approval, flexible terms, and realistic expectations about bidding situations.
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