January 2024

Single Family Homes

Single-Family Home Sales

There were 28 single-family residential closings reported across all areas of Greenwich during the month of January 2024. This figure decreased 6.67% as compared to January 2023 when there were 30 closings. 

The Median Sale Price for a single-family home increased 52% to $3,912,500 from the median sales price in January 2023, which was $2,567,500.

The average Days On Market (DOM) for residential homes was 141 days; which was a 43% increase from 98 days in January 2023.

There were 44 new single-family listings brought to the market in January 2024, which is a 12% increase in New Listings when compared to January 2023 when there were 39. At month-end, Active single-family inventory totaled 122 units, which is a 32.6% decrease from January 2023 when there were 181 units available.

Condos

Condominium and Co-op Sales

There were 15 condo/co-op residential closings reported across all areas of Greenwich during the month of January 2024. This figure increased 25% as compared to January 2023 when there were 12 closings. 

The Median Sale Price for a condo/co-op decreased 3.87% to $820,00 from the median sales price in January 2023, which was $853,000. 

The average Days On Market (DOM) for condo/co-op residential homes was 71, which was a 21% decrease from 90 days in January 2023.

There were 18 new condo/co-op units brought to the market in January 2023, which is a 37% increase in new listings when compared to January 2022 when there were 29 units added. At month-end, Active condo/co-op inventory totaled 33 units, which is a 41.1% decrease from January 2023 when there were 56 units available.

“In terms of median price, single family homes in the Town of Greenwich saw a 52% increase throughout January 2023, ending the month at $3,912,500, as compared to both the month and year prior $2,567,500. Condo/Co-op single family home sales saw an increase of 25%, finishing the month with 15 sales, as compared to both the month and year prior of 12 sales” stated Bryan Tunney, 2023 President of the Greenwich Association of REALTORS®.