Greenwich Housing Update: Prices Climb, 84-Unit Proposal Advances
Greenwich, CT – March 13, 2026 – Home prices remain elevated with strong January sales, while new affordable units and luxury listings shape spring supply.
Greenwich’s housing market continues to show strength heading into spring, with rising sale prices, steady deal flow and new multifamily proposals under review.
Top takeaways
- Median sale price reached about $3.0M in January 2026, up 17.5% year over year.
- Homes are selling faster, averaging 44 days on market.
- An 84-unit below-market rental project is under Planning & Zoning review.
- Luxury inventory remains active, including multiple listings above $20M.
Market snapshot
According to Redfin data for January 2026, the median sale price in Greenwich was approximately $2,995,000, a 17.5% increase from a year earlier. Fifty-seven homes sold during the month, up from 43 last year, and average days on market fell to 44 from 57.
Zillow reports 124 homes listed for sale as of late January, with typical home values around $2,186,000 and properties going pending in roughly 30 days. The combination of higher prices and quicker sales suggests resilient demand despite elevated borrowing costs.
Development and zoning
The Planning & Zoning Commission is continuing its review of a proposed 84-unit development at 200 Pemberwick Road. All units are planned as below-market rentals under Connecticut’s affordable housing framework. Recent coverage notes discussion around parking, traffic safety and potential flooding impacts as part of the ongoing review.
Statewide, housing permit activity has picked up to levels not seen since the mid-2000s, with Fairfield County towns, including Greenwich, drawing renewed builder interest even as land and construction costs remain high.
Luxury and active listings
At the top end, Greenwich accounts for a significant share of Connecticut’s most expensive homes currently on the market. Recent reporting highlights several properties priced above $20M, including waterfront estates and newly built residences exceeding 10,000 square feet.
With limited land and continued interest in both luxury and below-market segments, supply dynamics remain a central story this spring. What changes are you seeing in pricing, competition or new construction in your neighborhood?
Sources
https://www.redfin.com/city/33059/CT/Greenwich/housing-market
https://www.zillow.com/home-values/121144/mianus-greenwich-ct/
https://www.stamfordadvocate.com/news/article/ct-greenwich-housing-development-21959115.php
https://www.greenwichtime.com/realestate/article/connecticut-housing-permits-2025-apartments-21950105.php
https://www.houstonchronicle.com/realestate/article/most-expensive-properties-for-sale-ct-17531245.php