Market stats from Greenwich Association of Realtors

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Third Quarter Greenwich Market Update 2024

October 4, 2024 (Greenwich, CT) - [click for access to record archives] The Greenwich Association of REALTORS® announces the 2024 Third Quarter statistics for home sales in The Town of Greenwich, CT.

  • There were 158 single-family residential closings reported during this period according to figures provided by The Greenwich Multiple Listing Service, Inc., the multiple listing service used by REALTORS® in the Greenwich area.

  • The number of single-family residential closings decreased compared to Q3 2023 when there were 166 closings. 

  • The median sale price for a single-family home increased to $3,045,051 from the median sales price in Q3 2023, which was $2,502,500.

  • The average days on the market (DOM) for residential homes was 59 days; which was a decrease from 88 days in Q3 2023.

  • There were 56 condo/co-op residential closings reported during this time period; which was an increase from Q3 2023 when there were 45 closings. 

  • The median sale price for a condo/co-op increased to $993,500 from the median sales price in Q3 2023, which was $914,000. 

  • The average days on the market (DOM) for condo/co-op residential homes was 49; which was a decrease from 55 days in Q3 2023.

And September statistics

Single-Family Home Sales

  •  There were 37 single-family residential closings reported across all areas of Greenwich during the month of September 2024. This was a decrease, compared to September 2023 when there were 43 closings. 

  •  The Median Sale Price for a single-family home increased 1.969% to $3,305,000 from the median sales price in September 2023, which was $3,250,000.

  •  The average Days On Market (DOM) for residential homes was 79 days; which was a 21% decrease from 100 days in September 2023.

  •  There were 71 new single-family listings brought to the market in September 2024, which is a 9.23% increase in New Listings when compared to September 2023 when there were 65. At month-end, Active single-family inventory totaled 182 units, which is a 10.3% increase from September 2023 when there were 165 units available.

Condominium and Co-op Sales

  • There were 17 condo/co-op residential closings reported across all areas of Greenwich during the month of September 2024. This was an increase, compared to September 2023 when there were 11 closings. 

  •  The Median Sale Price for a condo/co-op decreased 5.91% to $860,000 from the median sales price in September 2023, which was $914,000. 

  •  The average Days On Market (DOM) for condo/co-op residential homes was 30, which was a 73.91% decrease from 115 days in September 2023. 

  •  There were 16 new condo/co-op units brought to the market in September 2024, which is a decrease of new listings compared to September 2023 when there were 23. At month-end, Active condo/co-op inventory totaled 31 units, which is a 36.7% decrease from September 2023 when there were 40 units available. 

  •  "In September, we saw a decrease in single-family home sales compared to last year, with 37 closings. However, the Median Sale Price for single-family homes increased to $3,305,000, showing continued strength in the market. We also observed a significant decrease in Days On Market, indicating a faster pace of sales. The condo/co-op market performed well, with an increase in closings and a Median Sale Price of $860,000.