Sales figures for March and the first quarter reported

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MARCH 2025:

Single-Family Home Sales 

  • There were 19 single-family residential closings reported across all areas of Greenwich during the month of March 2025. This was a decrease, compared to March 2024 when there were 32 closings. 

    THIS ONE CAUGHT MY EYE:

  • The Median Sale Price for a single-family home increased 65.69% to 4,204,500 from the median sales price in March 2024, which was $2,537,500 

  • The average Days On Market (DOM) for residential homes was 149 days; which was a 119.12% increase from 68 days in March 2024.

  • There were 78 new single-family listings brought to the market in March 2025, which is a 21.88% increase in New Listings when compared to March 2024 when there were 64. 

  • At month-end, Active single-family inventory totaled 135 units, which is a 11.2% decrease from March 2024 when there were 152 units available.

Condominium and Co-op Sales

  • There were 11 condo/co-op residential closings reported across all areas of Greenwich during the month of March 2025. This was a decrease, compared to March 2024 when there were 13 closings. 

  • The Median Sale Price for a condo/co-op increased 112.77% to $1,500,000 from the median sales price in March 2024, which was $705,000. 

  • The average Days On Market (DOM) for condo/co-op residential homes was 63, which was a 28.57% increase from 49 days in March 2024. 

  • There were 16 new condo/co-op units brought to the market in March 2025, which is a decrease of 11.11% compared to March 2024 when there were 18. 

  • At month-end, Active condo/co-op inventory totaled 28 units, which remains the same from March 2024 when there were 28 units available. 

FIRST QUARTER:

  • There were 74 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 Q1 2024 when there were 77 closings. 

  • The median sale price for a single-family home increased to $3,853,000 from the median sales price in Q1 2024, which was $3,051,922. 

  • The average days on the market (DOM) for residential homes was 23 days; which was an increase from 16 days in Q1 2024.

  • There were 31 condo/co-op residential closings reported during this time period; which was a decrease from Q1 2024 when there were 39 closings. 

  • The median sale price for a condo/co-op increased to $1,130,000 from the median sales price in Q1 2024, which was $810,000. 

  • The average days on the market (DOM) for condo/co-op residential homes was 24; which was a decrease from 29 days in Q1 2024.