$3,858 Closing Credit*
$324,900
1,800 SqFt
3 Beds
•2 Full Baths
#50159668, Faye Maraman, Listing Office: Real Estate One Clinton
Is Greenwood Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Greenwood Township has remained a Seller's Market.
Key Takeaway
Greenwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenwood Township, MI
How much do homes in Greenwood Township, MI cost?
Median Sold Price
$167,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,425(-11.4%)
Key Takeaway
Homes in Greenwood Township have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Greenwood Township was $167,000 in October 2024, down 11.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $28K | N/A |
| 2 Bedrooms | $117.1K | $125.5K | +7.2% |
| 3 Bedrooms | $235K | $225K | -4.3% |
| 4 Bedrooms | $176.8K | $399.9K | +126.1% |
| 5+ Bedrooms | - | $450K | N/A |
Summary: Greenwood Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 126.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hayes Township | $77K | $110K | +42.9% |
| Lincoln Township | $156K | $158K | +1.3% |
| Greenwood Township | $188.4K | $167K | -11.4% |
Housing Supply in Greenwood Township, MI
How many homes are available in Greenwood Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The Greenwood Township real estate market had 8 homes for sale in October 2024, a 27.3% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Greenwood Township 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 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenwood Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Greenwood Township in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Greenwood Township, MI
How long does it take to sell a home in Greenwood Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 46 Days | +833.3% |
Summary: Homes in Greenwood Township had an average of 46 days on market in Oct 2024, up by 833.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Greenwood Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Greenwood Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.