Is Greenwood, IN 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 Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148.5K | $166.5K | +12.1% |
2 Bedrooms | $199.9K | $235K | +17.5% |
3 Bedrooms | $260K | $273.5K | +5.2% |
4 Bedrooms | $335.6K | $359.3K | +7.1% |
5+ Bedrooms | $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 | $281.6K | $305.1K | +8.3% |
White River Township | $352.6K | $370.7K | +5.1% |
New Whiteland | $225K | $226.5K | +0.7% |
Pleasant Township | $264.9K | $262.3K | -1.0% |
Clark Township | $445K | $440K | -1.1% |
Housing Supply in Greenwood, IN
How many homes are available in Greenwood, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
302 | 316 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 28 | 29 | +3.6% |
3 Bedrooms | 116 | 115 | -0.9% |
4 Bedrooms | 98 | 110 | +12.2% |
5+ Bedrooms | 60 | 62 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 89 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 46 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
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.