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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Greenwood has remained a Seller's Market.

Key Takeaway

Greenwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Greenwood, IN cost?

Median Sold Price

$275,795

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$45,676(+19.8%)

Key Takeaway

Homes in Greenwood have sold for 19.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $112K$145K
+29.5%
2 $168K$201K
+19.6%
3 $210K$257.5K
+22.6%
4 $275K$330K
+20.0%
5+ $332.5K$381.5K
+14.7%

Median Sold Price Compared To Nearby Cities

New Whiteland
+22.6%
Greenwood
+19.8%
Pleasant Township
+18.6%
White River Township
+17.7%

How many homes are available in Greenwood, IN?

Number of Homes For Sale

Jul 2022Aug 2022%
253262+3.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 2523
-8.0%
3 118142
+20.3%
4 8374
-10.8%
5+ 2622
-15.4%

Number of Homes Sold

Jul 2022Aug 2022%
8897+10.2%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood, you could pay more than the asking price. 40.2% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
5 Days12 Days+122.3%

Breakdown of Home Sale Times

90 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Greenwood, IN

Number of homes for sale in Greenwood, IN real estate market have reached 262. The inventory of homes for sale in Greenwood, IN between July 2022 and August 2022 increased by 3.6%. Listings spent 12 days on the market in August 2022, and had a median list price of $275,795 during the same period. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 29.5%, prices of 2 bedrooms properties went up by 19.6%, 3 bedrooms properties prices increased by 22.6%, prices of 4 bedrooms properties increased by 20%, 5 bedrooms properties prices increased by 14.7%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 8%, the quantity of 3 bedrooms homes went up by 20.3%, 4 bedrooms homes inventory decreased by 10.8%, number of 5 bedrooms homes decreased by 15.4%. While more than 39 listings in Greenwood, IN in August 2022 were sold above asking price, there were more than 24 listings sold at asking price, and more than 34 were sold below.

Related Housing Market Reports