$4,038 Closing Credit*
$340,000
1,232 SqFt
3 Beds
•2 Full Baths
Kaitlyn Cole Collins, Listing Office: Benson & Mangold, LLC
Is Greensboro, MD 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, Greensboro has remained a Seller's Market.
Key Takeaway
Greensboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greensboro, MD
How much do homes in Greensboro, MD cost?
Median Sold Price
$365,000
$228/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$16,000(+4.6%)
Key Takeaway
Homes in Greensboro have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Greensboro was $365,000 in October 2024, up 4.6% from last month, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $334K | $377.4K | +13.0% |
| 4 Bedrooms | $405K | $313K | -22.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Greensboro 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 13%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes did not change.
Housing Supply in Greensboro, MD
How many homes are available in Greensboro, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Greensboro real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Greensboro 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 decreased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensboro, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Greensboro in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Greensboro, MD
How long does it take to sell a home in Greensboro, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 20 Days | -56.6% |
Summary: Homes in Greensboro had an average of 20 days on market in Oct 2024, down by 56.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greensboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Greensboro; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
