$180,000
20.00 Acres
Land
Jen Harris, Listing Office: ARC Realty Cahaba Heights
Is Greenwood, AL 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 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, AL
How much do homes in Greenwood, AL cost?
Median Sold Price
$313,000
$155/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$3,150(+1.0%)
Key Takeaway
Homes in Greenwood have sold for 1% more than they did a month ago.
Summary: The median home sold price in Greenwood was $313,000 in November 2024, up 1% from last month, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $208.2K | N/A |
| 3 Bedrooms | $292.5K | $300K | +2.6% |
| 4 Bedrooms | $312.3K | $339.9K | +8.8% |
| 5+ Bedrooms | $507.4K | $460.2K | -9.3% |
Summary: Greenwood housing prices by bedroom type for November 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 increased by 2.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Hoover | $419.5K | $485.5K | +15.7% |
| Helena | $319K | $344.7K | +8.1% |
| Alabaster-Helena | $344.9K | $349K | +1.2% |
| Greenwood | $309.8K | $313K | +1.0% |
| Bessemer | $258K | $200.9K | -22.1% |
Housing Supply in Greenwood, AL
How many homes are available in Greenwood, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 150 | +9.5% |
Summary: The Greenwood real estate market had 150 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 53 | 51 | -3.8% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Greenwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwood, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Greenwood in November 2024, up by 8.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Greenwood, AL
How long does it take to sell a home in Greenwood, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +17.0% |
Summary: Homes in Greenwood had an average of 37 days on market in Nov 2024, up by 17% compared to last month.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Greenwood; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
