Is Greenville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenville is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Greenville has remained a Seller's Market.

Key Takeaway

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

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

+$40,250(+19.6%)

Key Takeaway

Homes in Greenville have sold for 19.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $322.9K$84K
-74.0%
2 $165K$185K
+12.1%
3 $198.4K$240K
+21.0%
4 $225K$292K
+29.8%
5+ $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
+19.6%
Montcalm Township
+13.9%
Eureka Township
-7.0%

Housing Supply in Greenville, MI

How many homes are available in Greenville, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4237-11.9%

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

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 99
0.0%
3 2016
-20.0%
4 109
-10.0%
5+ 21
-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 2024Feb 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenville, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
20 Days34 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Greenville, MI

Nearby Markets to Greenville, MI