Is Greenfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Greenfield was a Neutral Market.
Key Takeaway
Greenfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenfield, MA
How much do homes in Greenfield, MA cost?
Median Sold Price
$306,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenfield have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Greenfield was $306,000 in May 2024, up 12.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $250K | $262.5K | +5.0% |
| 3 Bedrooms | $282K | $310K | +9.9% |
| 4 Bedrooms | $320K | $325K | +1.6% |
| 5+ Bedrooms | $318.5K | $369K | +15.9% |
Summary: Greenfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Bernardston | $288K | $346K | +20.1% |
| Greenfield | $272K | $306K | +12.5% |
| Greenfield Town | $272K | $303K | +11.4% |
Housing Supply in Greenfield, MA
How many homes are available in Greenfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 47 | +20.5% |
Summary: The Greenfield real estate market had 47 homes for sale in May 2024, a 20.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Greenfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Greenfield in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Greenfield, MA
How long does it take to sell a home in Greenfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 43 Days | +66.3% |
Summary: Homes in Greenfield had an average of 43 days on market in May 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Greenfield; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
