April 4, 2025 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of March 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 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.
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 112.78% 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.
"While we saw a slight decrease in the number of closings for both single-family homes and condos/co-ops in March 2025 compared to last year, the significant increases in median sale prices for both segments indicate a strong market demand. We're also seeing more new single-family listings, suggesting increased market activity," 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.
Looking to purchase, sell or lease a home in the Greenwich, CT area? Find a REALTOR® who can help.
Media Inquiries: Stacey Loh, EVP/CEO
Greenwich Association of REALTORS®/Greenwich Multiple Listing Service, Inc.
40 East Elm Street, Greenwich, CT 06830