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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Greenwich is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Old Greenwich was a Seller's Market.

Key Takeaway

Old Greenwich is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Old Greenwich, CT

How much do homes in Old Greenwich, CT cost?

Median Sold Price

$1,962,500

$742/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$512,500(+35.3%)

Key Takeaway

Homes in Old Greenwich have sold for 35.3% more than they did a year ago.

Summary: The median home sold price in Old Greenwich was $1,962,500 in April 2024, up 35.3% from last year, and the median price per square foot was $742.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $430K$422.5K
-1.7%
2 $785K$1.1M
+49.7%
3 $849K$1.5M
+82.6%
4 $1.7M$1.7M
-3.1%
5+ $3.3M$2.9M
-13.3%

Summary: Old Greenwich housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 49.7%, 3 bedroom homes increased by 82.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

Old Greenwich
+35.3%
Cos Cob
+31.6%
Greenwich
+7.3%
Stamford
+3.1%
Riverside
-2.3%

Housing Supply in Old Greenwich, CT

How many homes are available in Old Greenwich, CT?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1314+7.7%

Summary: The Old Greenwich real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 33
0.0%
4 55
0.0%
5+ 46
+50.0%

Summary: The Old Greenwich housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Greenwich, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Old Greenwich in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Old 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 10 Days Ago

Newest Listings in Old Greenwich, CT

Nearby Markets to Old Greenwich, CT

What housing markets are near Old Greenwich, CT?