Is Greenwich, NY 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 November 2023

At the same time last year, Greenwich was a Neutral Market.

Key Takeaway

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

Housing Prices in Greenwich, NY

How much do homes in Greenwich, NY cost?

Median Sold Price

$265,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,875(+14.7%)

Key Takeaway

Homes in Greenwich have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in Greenwich was $265,000 in November 2024, up 14.7% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $166.2K$220K
+32.3%
2 $180K$209K
+16.1%
3 $230.5K$320K
+38.8%
4 $310K$256.2K
-17.3%
5+ $362K$267.5K
-26.1%

Summary: Greenwich housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 38.8%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 26.1%.

Median Sold Price Compared To Nearby Cities

Easton
+20.6%
Greenwich
+14.7%

Housing Supply in Greenwich, NY

How many homes are available in Greenwich, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2823-17.9%

Summary: The Greenwich real estate market had 23 homes for sale in November 2024, a 17.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 10
-100.0%
3 1614
-12.5%
4 55
0.0%
5+ 42
-50.0%

Summary: The Greenwich housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Greenwich in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Greenwich, NY

How long does it take to sell a home in Greenwich, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days18 Days-2.6%

Summary: Homes in Greenwich had an average of 18 days on market in Nov 2024, down by 2.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenwich are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Greenwich; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Greenwich, NY

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