Is Greenwood Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Greenwood Township has remained a Seller's Market.
Housing Prices in Greenwood Township, MI
How much do homes in Greenwood Township, MI cost?
Median Sold Price
$285,000
$161/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Greenwood Township was $285,000 in May 2024, up 5.6% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $320K | $285K | -10.9% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $270K | - | N/A |
Summary: Greenwood Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Greenwood Township, MI
How many homes are available in Greenwood Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Summary: The Greenwood Township real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Greenwood Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -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
Summary: A total of 1 homes were sold or pending in Greenwood Township in May 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 Greenwood Township, MI
How long does it take to sell a home in Greenwood Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 Days | 37 Days | -64.9% |
Summary: Homes in Greenwood Township had an average of 37 days on market in May 2024, down by 64.9% compared to last month.
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
Summary: During May 2024, 1 homes were sold in Greenwood Township; 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.