June 5, 2025 (Greenwich, CT) - The Greenwich Association of REALTORS® announces the statistics for home sales for the month of May 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 59 single-family residential closings reported across all areas of Greenwich during the month of May 2025. This figure increased, compared to May 2024 when there were 46 closings.
The Median Sale Price for a single-family home decreased 8.11% to $2,700,000 from the median sales price in May 2024, which was $2,938,150.
The average Days On Market (DOM) for residential homes was 56 days; which was a 5.66% increase from 53 days in May 2024.
There were 86 new single-family listings brought to the market in May 2025, which is a 14% decrease in New Listings when compared to May 2024 when there were 100.
At month-end, Active single-family inventory totaled 175 units, which is a 8.4% decrease from May 2024 when there were 191 units available.
Condominium and Co-op Sales
There were 17 condo/co-op residential closings reported across all areas of Greenwich during the month of May 2025. This was a decrease, compared to May 2024 when there were 18 closings.
The Median Sale Price for a condo/co-op decreased 35.64% to $790,000 from the median sales price in May 2024, which was $1,227,500.
The average Days On Market (DOM) for condo/co-op residential homes was 60, which was a 32.58% decrease from 89 days in May 2024.
There were 19 new condo/co-op units brought to the market in May 2025, which is an increase of 5.56%, compared to May 2024 when there were 18.
At month-end, Active condo/co-op inventory totaled 41 units, which is a 0% increase from May 2024 when there were also 41 units available.
"The May 2025 data reveals a dynamic market. We observed an increase in single-family home closings despite a decrease in inventory, indicating continued strong buyer demand for Greenwich real estate. Separately, the condo and co-op market remains consistent from the year prior from a unit sales and inventory standpoint. Market times for both Single Family and Condo Units are at or below 60 days, which points to efficient transactions for newly added inventory in the spring market," stated Brian Amen, 2025 President of the Greenwich Association of REALTORS®.
Pending closings as of Wednesday, June 18th for Single Family homes were 87 and 18 for Condo/Co-Op sales.
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