Is Greenfield, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenfield has remained a Seller's Market.
Key Takeaway
Greenfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenfield, WI
How much do homes in Greenfield, WI cost?
Median Sold Price
$282,250
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenfield have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Greenfield was $282,250 in May 2024, up 6.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.7K | $125K | +9.9% |
| 2 Bedrooms | $195.5K | $220K | +12.5% |
| 3 Bedrooms | $290K | $315K | +8.6% |
| 4 Bedrooms | $363.2K | $350K | -3.6% |
| 5+ Bedrooms | $436K | $455.5K | +4.5% |
Summary: Greenfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Hales Corners | $315K | $356.4K | +13.1% |
| Greendale | $320K | $350K | +9.4% |
| West Allis | $222.1K | $242.9K | +9.4% |
| Greenfield | $265K | $282.2K | +6.5% |
| Milwaukee | $225.2K | $234.9K | +4.3% |
Housing Supply in Greenfield, WI
How many homes are available in Greenfield, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 90 | +12.5% |
Summary: The Greenfield real estate market had 90 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 29 | 36 | +24.1% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Greenfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenfield, you could pay more than the asking price. 69.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Greenfield in May 2024, up by 13.8% month-over-month. Of the 33 sold homes, 6% were sold under asking, 24% were sold at asking, and 70% were sold over asking.
Days on Market for Greenfield, WI
We’re sorry, we don't have information for this market at the moment
