There are currently 11,747 real estate properties in Greenwich, CT, with a median automated valuation model (AVM) price of $1,810,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Greenwich, CT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Greenwich, CT, is $2,535,587.00, with the most expensive house in Greenwich, CT, topping out at $55,000,000.00 and the cheapest home in Greenwich, CT, clocking in at $16,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Greenwich, CT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Greenwich, CT, is on a rollercoaster ride. The average rent price in Greenwich, CT, is $4,167.00. Indeed, when looking to rent in Greenwich, CT, you can expect to pay as little as $1,800.00 or as much as $8,900.00, with the average rent median estimated to be $3,960.00. The good news is that finding an affordable and desirable property to rent in Greenwich, CT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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