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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenfield is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Greenfield was a Neutral Market.

Key Takeaway

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

Housing Prices in Greenfield, MA

How much do homes in Greenfield, MA cost?

Median Sold Price

$299,950

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,950(+10.3%)

Key Takeaway

Homes in Greenfield have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Greenfield was $299,950 in February 2024, up 10.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $275K-
N/A
2 $243K$262K
+7.8%
3 $282.5K$306K
+8.3%
4 $320K$330K
+3.1%
5+ $294.9K$330K
+11.9%

Summary: Greenfield housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Cities

Greenfield
+10.3%
Greenfield Town
+9.8%

Housing Supply in Greenfield, MA

How many homes are available in Greenfield, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3433-2.9%

Summary: The Greenfield real estate market had 33 homes for sale in February 2024, a 2.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1110
-9.1%
3 1212
0.0%
4 74
-42.9%
5+ 36
+100.0%

Summary: The Greenfield housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenfield, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Greenfield in February 2024, up by 100.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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

Feb 2023Feb 2024CHANGE
14 Days55 Days+284.5%

Summary: Homes in Greenfield had an average of 55 days on market in Feb 2024, up by 284.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 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 February 2024, 12 homes were sold in Greenfield; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% 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 27 Days Ago

Newest Listings in Greenfield, MA

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