Is Greenfield, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, MI
How much do homes in Greenfield, MI cost?
Median Sold Price
$76,500
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Greenfield have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Greenfield was $76,500 in April 2024, down 5.6% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $67K | $57.1K | -14.8% |
| 3 Bedrooms | $89.9K | $80K | -11.1% |
| 4 Bedrooms | $121K | $132.5K | +9.5% |
| 5+ Bedrooms | - | $107.9K | N/A |
Summary: Greenfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke | $115K | $115K | 0.0% |
| Upper West | $87.7K | $85K | -3.1% |
| Greenfield | $81K | $76.5K | -5.6% |
| North | $129.7K | $119.4K | -7.9% |
| Bagley | $165K | $149.4K | -9.4% |
Housing Supply in Greenfield, MI
How many homes are available in Greenfield, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 116 | +2.7% |
Summary: The Greenfield real estate market had 116 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 78 | 81 | +3.8% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Greenfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenfield, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Greenfield in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 6% were sold at asking, and 28% were sold over asking.
Days on Market for Greenfield, MI
How long does it take to sell a home in Greenfield, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 40 Days | -14.9% |
Summary: Homes in Greenfield had an average of 40 days on market in Apr 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Greenfield; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.