February 5, 2025 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of January 2025 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 30 single-family residential closings reported across all areas of Greenwich during the month of January 2025. This was an increase, compared to January 2024 when there were 28 closings.
The Median Sale Price for a single-family home increased 2.31% to $4,003,000 from the median sales price in January 2024, which was $3,912,500.
The average Days On Market (DOM) for residential homes was 100 days; which was a 29.08% decrease from 141 days in January 2024.
There were 33 new single-family listings brought to the market in January 2025, which is a 23.26% decrease in New Listings when compared to January 2024 when there were 43.
At month-end, Active single-family inventory totaled 102 units, which is a 28.2% decrease from January 2024 when there were 142 units available.
Condominium and Co-op Sales
There were 7 condo/co-op residential closings reported across all areas of Greenwich during the month of January 2025. This was a decrease, compared to January 2024 when there were 16 closings.
The Median Sale Price for a condo/co-op increased 5.52% to $860,000 from the median sales price in January 2024, which was $815,000.
The average Days On Market (DOM) for condo/co-op residential homes was 59, which was a 18.06% decrease from 72 days in January 2024.
There were 11 new condo/co-op units brought to the market in January 2025, which is a decrease of new listings compared to January 2024 when there were 19.
At month-end, Active condo/co-op inventory totaled 32 units, which is a 5.9% decrease from January 2024 when there were 34 units available.
"The 2025 housing market is off to a strong start, with steady growth in value. Single-family home sales are up and inventory is down, indicating that buyers are eager to invest in Greenwich real estate," 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