A Look Back at January 2025
Market Snapshot: Key Insights for Westport, Weston, Fairfield & Wilton
At the start of 2025, the real estate market in Fairfield County continues to be shaped by historically low inventory, competitive bidding, and strong pricing trends. While interest rates remain a factor in buyer decision-making, demand for well-located, move-in-ready homes persists.
Below, we break down the most important market data to help buyers and sellers navigate the current landscape.
Market Activity Overview
• Homes are selling at a steady pace, with Westport seeing the biggest decrease in DOM compared to the same time period last year.
• New listings remain limited, keeping competition high, especially for move-in-ready homes.
Pricing Trends
• Westport and Fairfield continue to lead in pricing strength, with buyers paying premium prices for desirable locations.
• Well-priced homes are selling quickly and often above asking price, particularly in high-demand neighborhoods.
Inventory & Buyer Trends
• Inventory remains constrained, with sellers holding onto lower mortgage rates.
• Multiple offer situations are still common for well-priced homes in prime locations.
Hidden Trends: Spotlight on Beach Area Homes
This month, we take a closer look at the beach area neighborhoods of Fairfield and Westport, where waterfront and walk-to-beach properties continue to command strong demand.
• Westport Beach Area: No sales were recorded in January 2025. There are currently 6 active listings with an average list price of $5,881,833 and a median DOM of 75. The listings range from $3,500,000 to $6,996,000. Of these 6 listings, one at 216 Hillspoint is listed both as a house at $3,500,000 and an additional .45-acre building lot for $5,500,000. The remaining 4 listings include one waterfront land offering and three new construction homes.
• Fairfield Beach Area: There were 9 properties that changed hands in January, with an average sold price of $2,110,167, a median DOM of 38, and a list-to-sale price ratio of 97%.
â—¦ Active Listings: 11 single-family homes and 3 condos.
â—¦ Single-family home prices range from $600,000 to $5,988,800, with an average list price of $2,094,832 and a median DOM of 32.
â—¦ Condos range from $1,299,000 to $1,749,000, with an average list price of $1,549,000 and a median DOM of 124, as all are new construction units.
Advice for Sellers & Buyers
For Sellers:
• Leverage scarcity: With limited homes available, now is a strategic time to list.
• Maximize curb appeal & staging: Well-presented homes continue to command top dollar.
• Price it right: While demand is high, overpriced homes still linger—positioning matters.
For Buyers:
• Act quickly: Desirable properties are selling fast, often with multiple offers.
• Be flexible: Expanding your search criteria or considering off-market opportunities may yield better results.
• Have financing ready: Pre-approval and strong offers continue to make the difference in winning bids.
Looking Ahead
As we move further into 2025, expect continued competition in key areas, particularly for wellmaintained homes in prime locations. Until inventory loosens, buyers will need to remain strategic, and sellers will continue to hold the advantage in pricing power.
For a deeper dive into how these trends impact your home buying or selling plans, feel free to reach out. Our team is here to provide tailored insights and expert guidance in navigating this dynamic market.
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