January 7, 2025 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of December 2024 according to figures provided by the Greenwich Multiple Listing Service, Inc. The Greenwich MLS and greenwich.realestate is the most accurate and comprehensive resource of active inventory and property listing data across all five zip codes of the Town of Greenwich.
Single-Family Home Sales
There were 41 single-family residential closings reported across all areas of Greenwich during the month of December 2024. This was an increase, compared to December 2023 when there were 32 closings.
The Median Sale Price for a single-family home increased 30.34% to $2,900,000 from the median sales price in December 2023, which was $2,225,000.
The average Days On Market (DOM) for residential homes was 51 days; which was a 32.89% decrease from 76 days in December 2023.
There were 16 new single-family listings brought to the market in December 2024, which is a 33.33% increase in New Listings when compared to December 2023 when there were 12. At month-end, Active single-family inventory totaled 98 units, which is a 21.6% decrease from December 2023 when there were 125 units available.
Condominium and Co-op Sales
There were 10 condo/co-op residential closings reported across all areas of Greenwich during the month of December 2024. This was an increase, compared to December 2023 when there were 7 closings.
The Median Sale Price for a condo/co-op decreased 18.33% to $825,000 from the median sales price in December 2023, which was $1,010,168.
The average Days On Market (DOM) for condo/co-op residential homes was 36, which was a 70% decrease from 120 days in December 2023.
There were 6 new condo/co-op units brought to the market in December 2024, which is an increase of new listings compared to December 2023 when there were 4. At month-end, Active condo/co-op inventory totaled 25 units, which is a 19.4% decrease from December 2023 when there were 31 units available.
"Greenwich's real estate market experienced significant activity in December 2024, with a 30% increase in the median sale price for single-family homes and a 70% decrease in average days on market for condos and co-ops. Both single-family homes and condos/co-ops saw an increase in sales, with 41 and 10 closings respectively. Active inventory decreased for both property types, indicating a dynamic and fast-paced market.”, stated Brian Amen, 2025 President of the Greenwich Association of REALTORS®.
The Greenwich Association of REALTORS® (“GAR”) is the professional board of choice for the real estate industry in Greenwich. Established in 1924, the association provides professional development and services for REALTORS® and represents the concerns and interests of private property and home ownership rights. The association has over 850 members and is headquartered in Greenwich, CT.
Wholly owned and operated by GAR, the Greenwich MLS facilitates the most convenient and efficient marketplace for both REALTORS® and consumers by providing instant exposure to the largest possible pool of potential buyers for sellers, and the greatest number of housing options for buyers, which means sellers will receive top dollar for their home, while buyers benefit from transparency in market value.
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Media Inquiries: Stacey Loh, EVP/CEO
Greenwich Association of REALTORS®/Greenwich Multiple Listing Service, Inc.
40 East Elm Street, Greenwich, CT 06830