Is Greenwich, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwich is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Greenwich has remained a Seller's Market.

Key Takeaway

Greenwich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenwich, CT

How much do homes in Greenwich, CT cost?

Median Sold Price

$1,600,000

$587/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$37,666(-2.3%)

Key Takeaway

Homes in Greenwich have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Greenwich was $1,600,000 in January 2024, down 2.3% from last year, and the median price per square foot was $587.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $453.1K$422.5K
-6.8%
2 $699K$762K
+9.0%
3 $1.1M$1.2M
+9.7%
4 $1.8M$1.7M
-5.3%
5+ $2.9M$3.1M
+6.7%

Summary: Greenwich housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Cos Cob
+9.1%
Port Chester
+7.0%
Greenwich
-2.3%
Rye Brook
-5.5%

Housing Supply in Greenwich, CT

How many homes are available in Greenwich, CT?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
9684-12.5%

Summary: The Greenwich real estate market had 84 homes for sale in January 2024, a 12.5% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 54
-20.0%
2 1114
+27.3%
3 2321
-8.7%
4 2221
-4.5%
5+ 3524
-31.4%

Summary: The Greenwich housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 31.4%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2717-37.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwich, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Greenwich in January 2024, down by 37.0% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.

Days on Market for Greenwich, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Greenwich, CT

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What housing markets are near Greenwich, CT?