Easton, CT Real Estate Market: Home Values Surge Amid Record-Low Inventory

Easton’s Housing Market Defies Expectations

Easton’s real estate market continues to outperform expectations, demonstrating remarkable resilience despite a decline in overall home sales. The key factors fueling this trend? Record-low inventory, high buyer demand, and a thriving luxury market.

Historic Low Inventory Driving Competition

One of the biggest influences on rising home prices is the stark shortage of available properties. In March 2025, only six homes were for sale in Easton, a 74% drop from the 23 homes available during the same period last year. Throughout 2024, inventory remained stagnant, with new listings getting snapped up almost instantly. By the second half of the year, supply dwindled even further, reaching an all-time low—a trend that has carried over into 2025.

With so few homes on the market, buyers are competing aggressively. As a result, homes are selling at an average of just 38 days on market, a clear indicator of the intense demand.

Home Prices Continue Their Upward Climb

With demand vastly outpacing supply, Easton’s home values are soaring. As of early 2025:

• The median sale price has risen 10% year-over-year to $962,500.

• The average sale price has climbed 13% to $1,078,976.

The luxury market has been a major driving force behind this price surge. In 2024 alone, 15 homes sold for over $1.3 million, more than doubling the 7 luxury home sales in 2023. Compared to just 3 high-end sales in 2020, this marks a dramatic transformation in Easton’s market.

Over the past four years, Easton’s home values have increased 51%, solidifying its reputation as one of the most desirable real estate markets in the region.

Fewer Sales, But a Strong Market

Despite the drop in total home sales—from 92 in 2023 to 80 in 2024 (a 15% decrease), Easton’s real estate market remains robust. This decline in transactions is not due to a lack of interest but rather a lack of available homes. In fact, this trend is best illustrated by Easton’s inventory levels in December 2017, when 122 homes were on the market—a stark contrast to today’s historic lows.

Why Easton Remains a Hot Market

Since 2020, Easton has emerged as a top choice for homebuyers seeking space, privacy, and an exceptional quality of life. With its top-rated schools and family-friendly environment, the town has become a prime location for those looking to settle down.

Market Outlook: What to Expect in 2025

Looking ahead, mortgage rates are expected to fluctuate throughout 2025, likely hovering in the mid-6% range. While these rates have not discouraged serious buyers, they have limited seller activity, as many homeowners are reluctant to give up their historically low interest rates.

The real estate market ultimately hinges on supply and demand. With inventory at all-time lows, prices will likely continue rising until mortgage rates drop below 6%, which could encourage more homeowners to sell and create a more balanced market.

Key Takeaways for Buyers & Sellers

• Buyers: Be prepared for high competition and rising prices. Acting fast on available listings is key.

• Sellers: With record-low inventory, now is an excellent time to sell at a premium price.

• Investors: Easton’s strong demand and long-term appreciation make it a high-value market for real estate investment.

For those considering buying or selling in Easton, now is the time to strategize and act. Want personalized market insights? Contact me today!