Is Greenwich, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$1,700,000
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenwich have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Greenwich was $1,700,000 in May 2024, up 10.4% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $447.5K | $420K | -6.1% |
| 2 Bedrooms | $699K | $805K | +15.2% |
| 3 Bedrooms | $1.1M | $1.2M | +12.4% |
| 4 Bedrooms | $1.6M | $1.8M | +7.9% |
| 5+ Bedrooms | $3.1M | $3.2M | +5.6% |
Summary: Greenwich housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Cos Cob | $1.1M | $1.7M | +45.7% |
| Port Chester | $608.3K | $692K | +13.8% |
| Greenwich | $1.5M | $1.7M | +10.4% |
| Rye Brook | $980K | $908K | -7.3% |
| Riverside | $2.3M | $1.9M | -19.3% |
Housing Supply in Greenwich, CT
How many homes are available in Greenwich, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 101 | -12.2% |
Summary: The Greenwich real estate market had 101 homes for sale in May 2024, a 12.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 38 | 29 | -23.7% |
| 5+ Bedrooms | 39 | 40 | +2.6% |
Summary: The Greenwich housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 18 | -45.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwich, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Greenwich in May 2024, down by 45.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Greenwich, CT
We’re sorry, we don't have information for this market at the moment
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