Is Greenwood Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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

$238,000

$187/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$44,500(-15.8%)

Key Takeaway

Homes in Greenwood Township have sold for 15.8% less than they did a month ago.

Summary: The median home sold price in Greenwood Township was $238,000 in October 2024, down 15.8% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $282.5K$238K
-15.8%
4 --
N/A
5+ --
N/A

Summary: Greenwood Township 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 decreased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Buckley
-0.5%
Paradise Township
-15.4%
Greenwood Township
-15.8%

Housing Supply in Greenwood Township, MI

How many homes are available in Greenwood Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
75-28.6%

Summary: The Greenwood Township real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 64
-33.3%
4 11
0.0%
5+ 00
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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2 homes were sold or pending in Greenwood Township in October 2024, down by 50.0% month-over-month. Of the 2 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

Sep 2024Oct 2024CHANGE
56 Days61 Days+9.3%

Summary: Homes in Greenwood Township had an average of 61 days on market in Oct 2024, up by 9.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greenwood Township has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Greenwood Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Greenwood Township, MI

Nearby Markets to Greenwood Township, MI

What housing markets are near Greenwood Township, MI?