In the third quarter of 2025, the luxury real estate market across Westchester, Putnam, Dutchess, and Fairfield County remained strong, with rising transaction volume, competitive pricing, and robust demand. Sellers continued to benefit from low inventory, fast-moving deals, and above-ask sale prices in most areas.
Westchester County recorded 292 luxury sales ($2M+), a 13% increase yearover-year. Homes sold at an average of 104.4% of asking price, spending just 32 days on market. While the median sale price dipped slightly to $2.6M, strength in the $5M–$10M segment and steady activity in the $3M–$5M range underscore sustained buyer appetite.
Putnam and Dutchess Counties posted a 61% jump in $1M+ sales in Q3. Median price declined 10% to $1.3M, influenced by increased activity at the entry luxury level. However, homes sold quickly and competitively at 103% of asking.
Greenwich, CT saw a slight 3% dip in sales but a median sale price increase of 11% to $4.8M. The average price per square foot jumped 12% to $1,008. Homes sold faster and demand was strong.
Darien, New Canaan, and Rowayton collectively experienced strong luxury activity in Q3. Darien led with a 35% increase in sales, driven by a surge in $2M–$3M transactions. New Canaan followed with a 34% rise in sales while Rowayton remained steady. Across all three, homes sold quickly and often above asking, underscoring continued buyer demand in coastal and suburban luxury markets.
Overall, the Q3 luxury market remains highly active, with fast absorption rates, limited supply, and notable gains in high-end price bands. While median prices fluctuated slightly in some areas, strong demand and low inventory suggest continued momentum into Q4.
With Warm Regards,
Liz Nunan President and CEO
LUXURY MARKET REPORT
WESTCHESTER COUNTY LUXURY HOME SALES | $2 M AND HIGHER
GREENWICH, CT LUXURY HOME SALES | $3 M AND HIGHER
LUXURY MARKET REPORT
DARIEN LUXURY HOME SALES | $2 M AND HIGHER
ROWAYTON LUXURY HOME SALES | $2 M AND HIGHER
NEW CANAAN LUXURY HOME SALES | $2 M AND HIGHER
LUXURY MARKET REPORT
3rd QUARTER 2025
WESTCHESTER COUNTY LUXURY HOME SALES
PUTNAM AND DUTCHESS COUNTY LUXURY HOME SALES
GREENWICH, CT LUXURY HOME SALES
Source: Onekey MLS and Greenwich MLS
LUXURY MARKET REPORT
3rd QUARTER 2025
DARIEN LUXURY HOME SALES
ROWAYTON LUXURY HOME SALES
$5,000,000 - $9,999,999
NEW CANAAN LUXURY HOME SALES
$5,000,000 - $9,999,999
LUXURY MARKET REPORT
COUNTY LUXURY HOME
| $2M AND HIGHER
DUTCHESS COUNTY LUXURY HOME
LUXURY MARKET REPORT
CONNECTICUT LUXURY MARKETS
GREENWICH, CT LUXURY HOME SALES | $3M AND HIGHER
SOUTHERN FAIRFIELD COUNTY, CT LUXURY HOME SALES | $2M AND HIGHER
Source: Greenwich MLS and Smart MLS
LUXURY MARKET REPORT
3rd QUARTER 2025
SUPPLY/DEMAND SNAPSHOT
SOUTHERN WESTCHESTER COUNTY | $2M AND HIGHER
NORTHERN WESTCHESTER COUNTY | $2M AND HIGHER
PUTNAM COUNTY | $1M AND
DUTCHESS COUNTY | $1M AND HIGHER
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
LUXURY MARKET REPORT
3rd QUARTER 2025
SUPPLY/DEMAND SNAPSHOT
GREENWICH, CT | $3M AND HIGHER
DARIEN | $2M AND HIGHER
ROWAYTON | $2M AND HIGHER
NEW CANAAN | $2M AND HIGHER
LUXURY MARKET REPORT
3rd QUARTER 2025
TEN-YEAR MARKET HISTORY
WESTCHESTER COUNTY LUXURY HOME SALES | $2M AND HIGHER
PUTNAM COUNTY LUXURY HOME SALES | $1M AND HIGHER
Source : Onekey MLS.
LUXURY MARKET REPORT
3rd QUARTER 2025
TEN-YEAR MARKET HISTORY
DUTCHESS COUNTY LUXURY HOME SALES | $1M AND HIGHER
GREENWICH, CT LUXURY HOME SALES | $3M AND HIGHER
Source : Onekey MLS and Greenwich MLS.
LUXURY MARKET REPORT
3rd QUARTER 2025
TEN-YEAR MARKET HISTORY
DARIEN, CT LUXURY HOME SALES | $2M AND HIGHER
ROWAYTON, CT LUXURY HOME SALES | $2M AND HIGHER
Source : Smart MLS.
LUXURY MARKET REPORT
3rd QUARTER 2025
TEN-YEAR MARKET HISTORY
NEW CANAAN, CT LUXURY HOME SALES | $2M AND HIGHER
Source : Smart MLS.
Q3-2025 LUXURY MARKET REPORT
45 BINNEY LN, OLD GREENWICH, CT
Custom built modern compound. 300'+ feet of waterfront, pier, guest & boat houses.
Offered at $27,950,000
Ellen Mosher & Amanda Miller | M 203.705.9680
40 MORTON RD, RHINEBECK, NY
An enchanting Hudson River estate where striking design meets meditative living.
