Скачать или смотреть May 2025: Fairfield, CT Real Estate Market Report: Insights & Forecast

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I’m Judy Michaelis! Your local Fairfield, Connecticut real estate expert! And I’m here with your latest insights into our housing market as of May 2025.

Whether you’re thinking, buying, selling or just keeping an eye on trends, I’ve got you covered.

With just 70 homes currently for sale compared to a long-term average of over 600 homes. Inventory is critically low, and that means it’s still a strong seller’s market across nearly every price point.

Well-priced, move-in-ready, and beautifully staged homes are flying off the market, often with multiple offers and strong premiums. Not every home is selling on the first weekend, but price right. They’re still moving just with a little more patience.

Fairfield median price in April 2025 was $950,000, down 16% from March’s $1.137M, but still up 8.5% from last April, $875,000, and 7% higher than April 2023’s, $885,000. While we’re seeing a monthly adjustment, the year-over-year growth remains positive, indicating overall market strength.

Homes in Fairfield spent about 26 days in the market, just slightly longer than April’s 24 days, an 8% increase, but dramatically faster than the 65 days we saw in April 2023, a 60% decrease.

This suggests a consistently active market where well-priced homes continue to move quickly, with just 70 homes available for sale, down 58% from last year's 169 homes and 54% from 2023's 153 homes. Inventory has contracted significantly.

This sharp reduction in available properties continues to create competitive conditions despite the recent price adjustments. We recorded 30 sales in April 2025, down 12% from March’s 34 sales and 41% lower than the 51 sales in both April 2024 and April 2023.This reduction in transaction volume reflects limited inventory rather than weakening demand.

For sellers, despite the month-over-month price adjustment, you're still in a strong position with the year-over-year value growth. The extremely limited inventory, down over 50%, means less competition for well-prepared homes.

Proper pricing is critical. The slight slowdown in market pace means buyers are being a little more selective. Homes are still selling nearly as quickly as last year and much faster than historical norms.

For buyers, the recent price adjustment may create opportunities, particularly for those who are priced out previously. Be prepared to act decisively. Limited inventory means desirable properties will still attract multiple offers, with slightly more days on market than last year.

You may have a bit more time to make decisions. Work with an agent who can help identify value in the shifting but still competitive market. Looking ahead, Fairfield appears to be experiencing a slight market adjustment while maintaining healthy year-over-year appreciation.

The fundamental supply shortage continues to support stable pricing despite some month-to-month fluctuations.

For personal advice on navigating Fairfield’s evolving market, reach out anytime, and don’t forget to like, subscribe, and hit the notification button to stay updated on Fairfield Real Estate.

Thanks for watching. See you next time!

Judy Michaelis | 203-247-5000
[email protected]
Website: https://www.judymichaelis.com/

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