$4,749 Closing Credit*
$399,900
1,785 SqFt
4 Beds
•3 Full Baths
KATHLEEN CRAMER, Listing Office: BETHANY AREA REALTY LLC
Is Greenwood, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Greenwood has remained a Buyer's Market.
Key Takeaway
Greenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greenwood, DE
How much do homes in Greenwood, DE cost?
Median Sold Price
$334,995
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,955(-2.9%)
Key Takeaway
Homes in Greenwood have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Greenwood was $334,995 in November 2024, down 2.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $300K | N/A |
| 3 Bedrooms | $301.5K | $325K | +7.8% |
| 4 Bedrooms | $420K | $479K | +14.0% |
| 5+ Bedrooms | $411K | $277.5K | -32.5% |
Summary: Greenwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Bridgeville-Greenwood | $320K | $349.9K | +9.4% |
| Greenwood | $344.9K | $334.9K | -2.9% |
Housing Supply in Greenwood, DE
How many homes are available in Greenwood, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Greenwood real estate market had 30 homes for sale in November 2024, a 11.8% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
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 remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwood, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Greenwood in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Greenwood, DE
How long does it take to sell a home in Greenwood, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 62 Days | +526.7% |
Summary: Homes in Greenwood had an average of 62 days on market in Nov 2024, up by 526.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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, 3 homes were sold in Greenwood; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
