Is Greenwood, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Greenwood was a Seller's Market.

Key Takeaway

Greenwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Greenwood, AL

How much do homes in Greenwood, AL cost?

Median Sold Price

$320,000

$149/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$5,550(+1.8%)

Key Takeaway

Homes in Greenwood have sold for 1.8% more than they did a month ago.

Summary: The median home sold price in Greenwood was $320,000 in September 2024, up 1.8% from last month, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$185K
N/A
3 $306.4K$298.5K
-2.6%
4 $309.9K$337.5K
+8.9%
5+ $382.4K$362.4K
-5.2%

Summary: Greenwood housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Greenwood
+1.8%
Bessemer
-1.0%
Alabaster-Helena
-2.1%
Hoover
-3.1%
Helena
-8.3%

Housing Supply in Greenwood, AL

How many homes are available in Greenwood, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
133153+15.0%

Summary: The Greenwood real estate market had 153 homes for sale in September 2024, a 15.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 66
0.0%
3 5370
+32.1%
4 5461
+13.0%
5+ 2016
-20.0%

Summary: The Greenwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Greenwood in September 2024, down by 3.8% month-over-month. Of the 25 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% were sold over asking.

Days on Market for Greenwood, AL

How long does it take to sell a home in Greenwood, AL?

Average Sale Time

Aug 2024Sep 2024CHANGE
28 Days25 Days-9.5%

Summary: Homes in Greenwood had an average of 25 days on market in Sep 2024, down by 9.5% compared to last month.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenwood are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 25 homes were sold in Greenwood; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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