Is Greenwich, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Greenwich has remained a Seller's Market.
Housing Prices in Greenwich, CT
How much do homes in Greenwich, CT cost?
Median Sold Price
$1,695,833
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Greenwich was $1,695,833 in March 2024, up 8% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $445.6K | $427.2K | -4.1% |
2 Bedrooms | $740K | $773.5K | +4.5% |
3 Bedrooms | $1.2M | $1.2M | +2.9% |
4 Bedrooms | $1.7M | $1.7M | +2.3% |
5+ Bedrooms | $2.9M | $3.2M | +10.6% |
Summary: Greenwich housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Cos Cob | $1.2M | $1.5M | +21.8% |
Greenwich | $1.5M | $1.6M | +8.0% |
Port Chester | $617.5K | $666.2K | +7.9% |
Rye Brook | $995K | $885K | -11.1% |
Housing Supply in Greenwich, CT
How many homes are available in Greenwich, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 94 | -3.1% |
Summary: The Greenwich real estate market had 94 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 22 | 20 | -9.1% |
4 Bedrooms | 31 | 26 | -16.1% |
5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The Greenwich housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Greenwich in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for Greenwich, CT
How long does it take to sell a home in Greenwich, CT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 101 Days | +136.0% |
Summary: Homes in Greenwich had an average of 101 days on market in Mar 2024, up by 136% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Greenwich; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.