Westport, CT March 2025 Real Estate Market Insights & Forecasts
City: Westport, CT
Assembled by: Judy Michaelis, 203-247-5000
Hi, I’m Judy Michaelis, your local real estate expert!
I’m here with the latest insights into our housing market as of March 2025. Whether you’re thinking about buying, selling, or just keeping an eye on trends, I’ve got you covered. Let’s dive into the numbers.
In February 2025, the median sales price was just over $1.7 million, up 11% from the $1.6 million from the previous month and $1.6 million in February 2024. And remember, our average sales price is up $1 million from 2019.
The February 2025 days on market was at a mid-level compared with February 2024 and 2023. We are seeing tighter inventory. In February 2025, only 66 homes were for sale; that’s a big drop from 86 in February 20204 and 94 in February 2023.
With limited inventory, fewer homes were selling. We had 12 closed sales in February 2025, down 14% from the 14 the previous month. February sales were at mid-level compared to Fabruary 24 and 23. These stats indicate a competitive market with stable pricing, which is what we’ve been seeing for the past several years, and no reason to see that changing anytime soon.
If you’re thinking about buying or selling or just want to chat about the market, reach out! I’d love to provide personal insight for your situation. Don’t forget to like, subscribe, and hit the notification bell to stay updated on Westport Real Estate.
Thanks for watching. See you next time.
Have a look at the numbers below, and let me know what you think!
Sitting down with a top realtor is vital in helping you understand your options. If you’d like to know what’s going on in your part of Westport, or you’re looking for any further detailed analysis, feel free to call, text, or email me – I’d love to have a personal conversation with you. If you like what you see and hear in my videos, just subscribe above!
– Judy
Westport, CT Real Estate Market & Trends Overview
March, 2025
The overview below shows real estate activity from January 2025 to February 2025. You will see data comparisons between February and the previous month, the last three months and February 2024.
Westport, CT Average and Median Home Sales Prices
March, 2025
The median sales price in February 2025 was $1,786,250, up 11.36% from $1,604,000 from the previous month and 11.64% higher than $1,600,000 from February 2024. The February 2025 median sales price was at its highest level compared to February 2024 and 2023. The average sales price in February 2025 was $2,105,458, up 11.24% from $1,892,679 from the previous month and -10.51% lower than $2,352,722 from February 2024. The February 2025 average sale price was at its lowest level compared to February 2024 and 2023.
Westport, CT Sales Price / List Price Ratio
March, 2025
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 February 2025 sales price/list price ratio was 99.14%, down from 102.41% from the previous month and down from 107.2% from February 2024.
Westport, CT Number of Properties Sold and Absorption Rate
March, 2025
The number of properties sold in February 2025 was 12, down -14.29% from 14 from the previous month and 33.33% higher than 9 from February 2024. The February 2025 sales were at a mid level compared to February 2024 and 2023. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Westport, CT Average Days on Market (DOM)
March, 2025
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 February 2025 was 61 days, up 48.78% from 41 days from the previous month and 22.00% higher than 50 days from February 2024. The February 2025 DOM was at a mid level compared with February 2024 and 2023.
Westport, CT Average Sales Price per Square Foot
March, 2025
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 February 2025 was $605, up 4.67% from $578 from the previous month and 3.95% higher than $582 from February 2024.
Westport, CT Inventory & MSI
March, 2025
The number of properties for sale in February 2025 was 66, up 6.45% from 62 from the previous month and -23.26% lower than 86 from February 2024. The February 2025 inventory was at its lowest level compared with February 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2025 MSI of 5.5 months was at its lowest level compared with February 2024 and 2023.
Westport, CT New Listings
March, 2025
The number of new listings in February 2025 was 26, down -18.75% from 32 from the previous month and -3.70% lower than 27 from February 2024. The February 2025 listings were at its lowest level compared to February 2024 and 2023.
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Based on information from SmartMLS for the period 03/01/2022 through 2/28/2025. Source data is deemed reliable but not guaranteed. Real estate agents affiliated with Coldwell Banker Realty are independent contractor sales associates, not employees.
