Is Greenwich, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,697,500
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Greenwich have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Greenwich was $1,697,500 in April 2024, up 7.3% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $447.5K | $420K | -6.1% |
| 2 Bedrooms | $720K | $756K | +5.0% |
| 3 Bedrooms | $1.2M | $1.2M | -1.8% |
| 4 Bedrooms | $1.7M | $1.7M | 0.3% |
| 5+ Bedrooms | $3.1M | $3.1M | 0.0% |
Summary: Greenwich housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cos Cob | $1.2M | $1.6M | +31.6% |
| Greenwich | $1.5M | $1.6M | +7.3% |
| Port Chester | $617.5K | $658.2K | +6.6% |
| Riverside | $2.3M | $2.3M | -2.3% |
| Rye Brook | $996K | $885K | -11.1% |
Housing Supply in Greenwich, CT
How many homes are available in Greenwich, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 110 | +10.0% |
Summary: The Greenwich real estate market had 110 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 14 | 7 | -50.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 30 | 39 | +30.0% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The Greenwich housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 32 | +45.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwich, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Greenwich in April 2024, up by 45.5% month-over-month. Of the 32 sold homes, 38% were sold under asking, 16% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 128 Days | 111 Days | -13.3% |
Summary: Homes in Greenwich had an average of 111 days on market in Apr 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Greenwich are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 32 homes were sold in Greenwich; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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