Is Greenwood, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Greenwood has remained a Buyer's Market.
Key Takeaway
Greenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greenwood, DE
How much do homes in Greenwood, DE cost?
Median Sold Price
$350,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greenwood have sold for 32.1% more than they did a year ago.
Summary: The median home sold price in Greenwood was $350,000 in March 2024, up 32.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $267.4K | $315K | +17.8% |
| 4 Bedrooms | $268K | $468.2K | +74.7% |
| 5+ Bedrooms | $159.8K | $422K | +164.1% |
Summary: Greenwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 74.7%, and 5+ bedroom homes increased by 164.1%.
Median Sold Price Compared To Nearby Cities
| Greenwood | $265K | $350K | +32.1% |
| Bridgeville-Greenwood | $320K | $339.7K | +6.2% |
Housing Supply in Greenwood, DE
How many homes are available in Greenwood, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The Greenwood real estate market had 40 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Greenwood housing inventory by bedroom type for March 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 21.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwood, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Greenwood in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Greenwood, DE
How long does it take to sell a home in Greenwood, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 118 Days | 35 Days | -70.4% |
Summary: Homes in Greenwood had an average of 35 days on market in Mar 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenwood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Greenwood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
