Is Greensburg, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensburg is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Greensburg, IN

How much do homes in Greensburg, IN cost?

Median Sold Price

$215,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,000(+15.0%)

Key Takeaway

Homes in Greensburg have sold for 15% more than they did a year ago.

Summary: The median home sold price in Greensburg was $215,000 in May 2024, up 15% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $80K$100K
+25.0%
2 $122.2K$157K
+28.4%
3 $191K$215K
+12.6%
4 $240K$335K
+39.6%
5+ $362.5K$325K
-10.3%

Summary: Greensburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Cities

Adams Township
+28.2%
Washington Township
+16.9%
Greensburg
+15.0%

Housing Supply in Greensburg, IN

How many homes are available in Greensburg, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8269-15.9%

Summary: The Greensburg real estate market had 69 homes for sale in May 2024, a 15.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1511
-26.7%
3 4737
-21.3%
4 1716
-5.9%
5+ 23
+50.0%

Summary: The Greensburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2723-14.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensburg, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Greensburg in May 2024, down by 14.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.

Days on Market for Greensburg, IN

How long does it take to sell a home in Greensburg, IN?

Average Sale Time

May 2023May 2024CHANGE
47 Days31 Days-33.1%

Summary: Homes in Greensburg had an average of 31 days on market in May 2024, down by 33.1% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 23 homes were sold in Greensburg; 78% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

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