Is Greenfield, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenfield is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Greenfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Greenfield, MN

How much do homes in Greenfield, MN cost?

Median Sold Price

$620,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,000(-0.8%)

Key Takeaway

Homes in Greenfield have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Greenfield was $620,000 in September 2024, down 0.8% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $328.2K$250K
-23.8%
3 $334K$305.7K
-8.5%
4 $690K$720K
+4.3%
5+ $685K$897.5K
+31.0%

Summary: Greenfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 31%.

Median Sold Price Compared To Nearby Cities

Hanover
+5.2%
Greenfield
-0.8%
Rockford
-1.4%
Rockford
-1.4%
Rockford Township
-2.0%

Housing Supply in Greenfield, MN

How many homes are available in Greenfield, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1415+7.1%

Summary: The Greenfield real estate market had 15 homes for sale in September 2024, a 7.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 67
+16.7%
5+ 55
0.0%

Summary: The Greenfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

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 Greenfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Greenfield in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Greenfield, MN

How long does it take to sell a home in Greenfield, MN?

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days55 Days+98.8%

Summary: Homes in Greenfield had an average of 55 days on market in Sep 2024, up by 98.8% compared to last year.

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 Greenfield has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Greenfield; 0% of homes were sold within 30 days, 100% 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 8 Days Ago

Newest Listings in Greenfield, MN

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