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 March 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

$305,132

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,466(+8.3%)

Key Takeaway

Homes in Greenwood have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Greenwood was $305,132 in March 2024, up 8.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $148.5K$166.5K
+12.1%
2 $199.9K$235K
+17.5%
3 $260K$273.5K
+5.2%
4 $335.6K$359.3K
+7.1%
5+ $420.5K$415K
-1.3%

Summary: Greenwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Cities

Greenwood
+8.3%
White River Township
+5.1%
New Whiteland
+0.7%
Pleasant Township
-1.0%
Clark Township
-1.1%

Housing Supply in Greenwood, IN

How many homes are available in Greenwood, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
302316+4.6%

Summary: The Greenwood real estate market had 316 homes for sale in March 2024, a 4.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2829
+3.6%
3 116115
-0.9%
4 98110
+12.2%
5+ 6062
+3.3%

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 increased by 3.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 3.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
7889+14.1%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

16 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. 53.9% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Greenwood in March 2024, up by 14.1% month-over-month. Of the 89 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% 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

Mar 2023Mar 2024CHANGE
60 Days46 Days-22.7%

Summary: Homes in Greenwood had an average of 46 days on market in Mar 2024, down by 22.7% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

21 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 March 2024, 89 homes were sold in Greenwood; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% 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 18 Days Ago

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