Is Greenfield Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Greenfield Town was a Seller's Market.
Key Takeaway
Greenfield Town 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 Town, MA
How much do homes in Greenfield Town, MA cost?
Median Sold Price
$303,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greenfield Town have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Greenfield Town was $303,000 in March 2024, up 10.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $250K | $252K | +0.8% |
| 3 Bedrooms | $283.2K | $303K | +7.0% |
| 4 Bedrooms | $320K | $335K | +4.7% |
| 5+ Bedrooms | $299.9K | $337.5K | +12.5% |
Summary: Greenfield Town housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Greenfield | $273.5K | $306K | +11.9% |
| Montague | $275K | $306.5K | +11.5% |
| Greenfield Town | $273.5K | $303K | +10.8% |
| Turners Falls | $275K | $300K | +9.1% |
Housing Supply in Greenfield Town, MA
How many homes are available in Greenfield Town, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The Greenfield Town real estate market had 30 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Greenfield Town 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 decreased by 9.1%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greenfield Town, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Greenfield Town in March 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Greenfield Town, MA
How long does it take to sell a home in Greenfield Town, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 102 Days | +167.4% |
Summary: Homes in Greenfield Town had an average of 102 days on market in Mar 2024, up by 167.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenfield Town are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Greenfield Town; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
