March 5, 2025 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of February 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 25 single-family residential closings reported across all areas of Greenwich during the month of February 2025. This was an increase, compared to February 2024 when there were 17 closings.
The Median Sale Price for a single-family home increased 12.43% to $3,800,000 from the median sales price in February 2024, which was $3,350,000.
The average Days On Market (DOM) for residential homes was 77 days; which was a 35.09% increase from 57 days in February 2024.
There were 52 new single-family listings brought to the market in February 2025, which is a 7.14% decrease in New Listings when compared to February 2024 when there were 56.
At month-end, Active single-family inventory totaled 113 units, which is a 25.2% decrease from February 2024 when there were 151 units available.
Condominium and Co-op Sales
There were 13 condo/co-op residential closings reported across all areas of Greenwich during the month of February 2025. This was an increase, compared to February 2024 when there were 10 closings.
The Median Sale Price for a condo/co-op increased 5.11% to $875,000 from the median sales price in February 2024, which was $832,500.
The average Days On Market (DOM) for condo/co-op residential homes was 75, which was a 134.38% increase from 32 days in February 2024.
There were 22 new condo/co-op units brought to the market in February 2025, which is an increase of new listings compared to February 2024 when there were 14.
At month-end, Active condo/co-op inventory totaled 34 units, which is a 17.2% increase from February 2024 when there were 29 units available.
"The Greenwich housing market is showing growth in early 2025. We're seeing increased sales and rising median sale prices for both single-family homes and condos/co-ops, indicating a robust 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