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 January 2023

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.

Housing Prices in Greenwood, IN

How much do homes in Greenwood, IN cost?

Median Sold Price

$300,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$19,916(+7.1%)

Key Takeaway

Homes in Greenwood have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Greenwood was $300,000 in January 2024, up 7.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $148.5K$166.5K
+12.1%
2 $200K$228.5K
+14.2%
3 $260K$272.6K
+4.8%
4 $336.2K$359.9K
+7.1%
5+ $412.5K$433.5K
+5.1%

Summary: Greenwood housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Greenwood
+7.1%
New Whiteland
+4.5%
White River Township
+3.8%
Pleasant Township
+0.8%

Housing Supply in Greenwood, IN

How many homes are available in Greenwood, IN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
285251-11.9%

Summary: The Greenwood real estate market had 251 homes for sale in January 2024, a 11.9% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 3429
-14.7%
3 11498
-14.0%
4 9279
-14.1%
5+ 4545
0.0%

Summary: The Greenwood housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
8750-42.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 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. 70% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Greenwood in January 2024, down by 42.5% month-over-month. Of the 50 sold homes, 70% were sold under asking, 16% were sold at asking, and 14% were sold over asking.

Days on Market for Greenwood, IN

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

Average Sale Time

Jan 2023Jan 2024CHANGE
36 Days50 Days+37.8%

Summary: Homes in Greenwood had an average of 50 days on market in Jan 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greenwood has remained consistent over time.

Summary: During January 2024, 50 homes were sold in Greenwood; 34% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 14% 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 29 Days Ago

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