Redding, 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 | 110 | 9 | 10 | 18 | 9 |
| Average Sales Price per Square Foot | 321 | 318 | 316 | 323 | 330 |
| Average Days on Market | 72 | 54 | 47 | 60 | 58 |
| Number of Properties for Sale | 268 | 27 | 43 | 46 | 35 |
| Average List Price | $1,457,213 | $1,825,593 | $1,586,326 | $1,504,984 | $1,505,743 |
| Median List Price | $1,068,938 | $1,030,000 | $1,030,000 | $1,031,333 | $1,100,000 |
| Average Sales Price | $1,087,687 | $1,072,667 | $1,236,975 | $1,069,225 | $1,355,206 |
| Median Sales Price | $1,008,050 | $955,000 | $1,125,500 | $1,000,133 | $1,199,000 |
| Sales Price / List Price Ratio | 98.32% | 98.32% | 103.67% | 101.42% | 97.69% |
| Number of Properties Sold | 75 | 9 | 20 | 13 | 17 |
| Month’s Supply of Inventory | 3.92 | 3 | 2.15 | 4.22 | 2.06 |
| Absorption Rate | 0.28 | 0.33 | 0.47 | 0.29 | 0.49 |
Average & Median Sales Price
The median sales price in August 2025 was $955,000, down -15.15% from $1,125,500 from the previous month and -20.35% lower than $1,199,000 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 $1,072,667, down -13.28% from $1,236,975 from the previous month and -20.85% lower than $1,355,206 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 98.32%, down from 103.67% from the previous month and equal to August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 9, down -55.00% from 20 from the previous month and -47.06% lower than 17 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 54 days, up 14.89% from 47 days from the previous month and -6.90% lower than 58 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 $318, equal to the previous month and -3.64% lower than $330 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 27, down -37.21% from 43 from the previous month and -22.86% lower than 35 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 3 months was at a mid level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 9, down -10.0% from 10 from the previous month and equal to 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 Redding Market Update:
🏠 Home prices declining sharply – Median sales price dropped to $955K, down 15% from July's $1.13M, and down 20% from last year's $1.20M. Significant correction across all price metrics with homes selling below asking price.
⏳ Extended marketing periods – Average days on market rose to 54 days, up 15% from July's 47 days but slightly better than last year's 58 days. Buyers taking time in this value-driven environment.
📉 Inventory severely constrained – Only 27 homes for sale, down 37% from July's 43, and down 23% from last year's 35. Supply shortage persisting despite buyer-favorable conditions.
📊 Sales activity plummeting – Only 9 homes closed in August, down 55% from July's 20, and down 47% from last year's 17. Transaction volume at multi-year lows.
What Buyers and Sellers Need to Know
✨ Sellers: Buyer's market with homes selling 2% below asking price. Expect 8-week marketing periods and consider aggressive pricing strategies to capture the limited buyer pool.
🔍 Buyers: Strong negotiating position with below-market pricing and 27 available options. Take advantage of 20% annual price declines and seller motivation in this value-rich environment.
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