Welcome to Old Greenwich
Old Greenwich is where it all began. On July 18, 1640, the Siwanoy Indians, for the price of 25 English coats, sold the land that is now Old Greenwich to four Englishmen. One of the Englishmen, Jeffrey Ferris, named the area after his birthplace, Greenwich, England. As Greenwich developed to the west, Old Greenwich became known as “Old Town.” In 1872 the New Haven Railroad objected to adding Old Town as a rail stop as they deemed it too confusing having two Greenwich stops. Thus the name of Old Town was changed to Sound Beach. That name would remain until 1930 when it was renamed, Old Greenwich. Old Greenwich has evolved from a farming community to a summer resort to the quiet commuter community it is today. With its quaint downtown shopping district and its proximity to Greenwich’s largest public beach, Old Greenwich is a desirable location for many.
Market Data for Old Greenwich Real Estate
Household Incomes
Housing Stock
Median Sale Price
August, 2021
$2,166,661
-18.2% since July, 2021
15.6% since August, 2020
| August, 2021 | July, 2021 | August, 2020 | |
|---|---|---|---|
| MEDIAN SALE PRICE | $2,166,661 | -18.2% | 15.6% |
| AVERAGE SALE PRICE | $2,377,826 | -24.8% | 14.5% |
| HOMES SOLD | 24 | 0.0% | 41.2% |
| AVERAGE DAYS ON MARKET | 41 | 28.1% | -58.6% |
| % OF SALE PRICE TO LIST PRICE | 95.79 | -5.6% | -0.3% |
| HOMES FOR SALE | 15 | -31.8% | -68.1% |
| MONTHS OF INVENTORY | 0.63 | -31.8% | -77.4% |
