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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Greenwood, IN

How much do homes in Greenwood, IN cost?

Median Sold Price

$309,119

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,119(+8.5%)

Key Takeaway

Homes in Greenwood have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Greenwood was $309,119 in April 2024, up 8.5% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $147K$166.5K
+13.3%
2 $200K$238.3K
+19.2%
3 $260K$275K
+5.8%
4 $341.5K$358K
+4.8%
5+ $420K$412.5K
-1.8%

Summary: Greenwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Greenwood
+8.5%
New Whiteland
+7.3%
White River Township
+3.5%
Pleasant Township
0%
Clark Township
-1.9%

Housing Supply in Greenwood, IN

How many homes are available in Greenwood, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
328349+6.4%

Summary: The Greenwood real estate market had 349 homes for sale in April 2024, a 6.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3033
+10.0%
3 118138
+16.9%
4 113117
+3.5%
5+ 6761
-9.0%

Summary: The Greenwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
90117+30.0%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood, you may be able to get a good deal. 59.8% of homes here sold below asking price last month.

Summary: A total of 117 homes were sold or pending in Greenwood in April 2024, up by 30.0% month-over-month. Of the 117 sold homes, 60% were sold under asking, 26% were sold at asking, and 15% were sold over asking.

Days on Market for Greenwood, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days34 Days-9.2%

Summary: Homes in Greenwood had an average of 34 days on market in Apr 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

79 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 117 homes were sold in Greenwood; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% 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 6 Days Ago

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