The second quarter of 2025 reinforced the Greenwich market’s longstanding appeal, with sustained demand across price points, particularly in the $3 million and above category, according to the Houlihan Lawrence Q2 Greenwich Market Report released today. Properties that combine location, condition, and lifestyle amenities continue to generate significant buyer interest.
According to the report, the coastal sections of Greenwich remain highly desirable, with proximity to town centers, marinas, and beaches driving competition for well-located homes. Similarly, properties north of the Parkway, offering privacy, acreage, and estate-style living, continue to perform well, a continuation of the demand for space and lifestyle flexibility that emerged several years ago.
The report noted that the ultra-luxury segment, priced above $10 million, remains active but selective. Buyers at this level are discerning, prioritizing updated homes with architectural significance, privacy, and premium locations. Properties that deliver on these expectations continue to command strong results, while homes requiring major updates face longer days on market.
Limited inventory across Greenwich has helped support price stability and competitive conditions. Buyers remain motivated, many prepared to pay in cash or with substantial equity, allowing them to act quickly when the right property becomes available.
“Looking ahead to the second half of the year, we anticipate continued strength in Greenwich, particularly in the upper price brackets. While elevated mortgage rates and broader economic headwinds may introduce some caution among buyers in certain segments, the area’s core fundamentals, desirable location, quality housing stock, and lifestyle appeal, remain intact. The market is likely to maintain its competitive edge, with updated, well-located properties continuing to lead the way,” said Liz Nunan, President & CEO of Houlihan Lawrence.
Q2 MARKETS AT A GLANCE (Q2 2025 VS Q2 2024)
Greater Greenwich
Homes Sold: Up 6%
Median Sale Price: Up 21.2%
Greenwich
(North of the Parkway)
Homes Sold: Up 53.8%
Median Sale Price: Up 12%
Greenwich
(South of the Parkway)
Homes Sold: Down 12.5%
Median Sale Price: Up 9.9%
Greenwich
(South of Post Road)
Homes Sold: Up 17.6%
Median Sale Price: Up 14.1%
Cos Cob
Homes Sold: Down 10%
Median Sale Price: Up 3.9%
Riverside
Homes Sold: Up 10%
Median Sale Price: Up 22.3%
Old Greenwich
Homes Sold: Up 26.1%
Median Sale Price: Up 32.3%
