Is Greenwood Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Township is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Greenwood Township was a Seller's Market.

Key Takeaway

Greenwood Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Greenwood Township, MI cost?

Median Sold Price

$211,950

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$28,050(-11.7%)

Key Takeaway

Homes in Greenwood Township have sold for 11.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 -$160K
N/A
3 $265K$213.9K
-19.3%
4 $199.9K$216K
+8.1%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Avoca
-8.3%
Greenwood Township
-11.7%

How many homes are available in Greenwood Township, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
67+16.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 11
0.0%
3 34
+33.3%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
32 Days69 Days+115.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greenwood Township has remained consistent over time.

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

About Greenwood Township, MI

Greenwood Township, MI has 7 homes on the market. The number of homes for sale in Greenwood Township, MI increased by 16.7% between August 2022 and September 2022. In September 2022, listings were on the market for 69 days. During the same period, the median list price in this real estate market was $211,950. This housing market listing prices have changed between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices decreased by 19.3%, prices of 4 bedrooms properties went up by 8.1%, the cost of 5 bedrooms properties went up by 0%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes did not move, 3 bedrooms homes became 33.3% more available, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes have not changed. In September 2022 more than 0 listings in Greenwood Township, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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