Is Greenville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Greenville has remained a Seller's Market.
Housing Prices in Greenville, MI
How much do homes in Greenville, MI cost?
Median Sold Price
$245,250
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Greenville was $245,250 in February 2024, up 19.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.9K | $84K | -74.0% |
2 Bedrooms | $165K | $185K | +12.1% |
3 Bedrooms | $198.4K | $240K | +21.0% |
4 Bedrooms | $225K | $292K | +29.8% |
5+ Bedrooms | $300K | $335K | +11.7% |
Summary: Greenville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Greenville | $205K | $245.2K | +19.6% |
Montcalm Township | $219.5K | $250K | +13.9% |
Eureka Township | $293K | $272.5K | -7.0% |
Housing Supply in Greenville, MI
How many homes are available in Greenville, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 37 | -11.9% |
Summary: The Greenville real estate market had 37 homes for sale in February 2024, a 11.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 20 | 16 | -20.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Greenville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Greenville in February 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Greenville, MI
How long does it take to sell a home in Greenville, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
20 Days | 34 Days | +73.1% |
Summary: Homes in Greenville had an average of 34 days on market in Feb 2024, up by 73.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Greenville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.