Is Greenfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenfield is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Greenfield was a Seller's Market.

Key Takeaway

Greenfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Greenfield, MA

How much do homes in Greenfield, MA cost?

Median Sold Price

$310,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,000(+8.4%)

Key Takeaway

Homes in Greenfield have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Greenfield was $310,000 in September 2024, up 8.4% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $215K-
N/A
2 $244K$265K
+8.6%
3 $295K$303K
+2.7%
4 $303.4K$345K
+13.7%
5+ $318.5K$407.4K
+27.9%

Summary: Greenfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 27.9%.

Median Sold Price Compared To Nearby Cities

Greenfield
+8.4%
Greenfield Town
+8.3%

Housing Supply in Greenfield, MA

How many homes are available in Greenfield, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4346+7.0%

Summary: The Greenfield real estate market had 46 homes for sale in September 2024, a 7.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1115
+36.4%
3 1311
-15.4%
4 1116
+45.5%
5+ 73
-57.1%

Summary: The Greenfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
207-65.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenfield, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Greenfield in September 2024, down by 65.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.

Days on Market for Greenfield, MA

How long does it take to sell a home in Greenfield, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
31 Days19 Days-38.8%

Summary: Homes in Greenfield had an average of 19 days on market in Sep 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenfield are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Greenfield; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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