$350,000
4.76 Acres
Land
Gina Cockerille, Listing Office: Patterson-Schwartz-Rehoboth
Is Greenwood, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Greenwood was a Buyer's Market.
Key Takeaway
Greenwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Greenwood, DE
How much do homes in Greenwood, DE cost?
Median Sold Price
$332,500
$227/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$50,005(+17.7%)
Key Takeaway
Homes in Greenwood have sold for 17.7% more than they did a month ago.
Summary: The median home sold price in Greenwood was $332,500 in October 2024, up 17.7% from last month, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $215K | $332.5K | +54.7% |
| 4 Bedrooms | $349.9K | $790K | +125.7% |
| 5+ Bedrooms | - | $295K | N/A |
Summary: Greenwood housing prices by bedroom type for October 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 54.7%, 4 bedroom homes increased by 125.7%, and 5+ bedroom homes did not change.
Housing Supply in Greenwood, DE
How many homes are available in Greenwood, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Greenwood real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Greenwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Greenwood in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 32 Days | +80.6% |
Summary: Homes in Greenwood had an average of 32 days on market in Oct 2024, up by 80.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were 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 October 2024, 6 homes were sold in Greenwood; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
