Is Greenwood, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Greenwood has remained a Seller's Market.

Key Takeaway

Greenwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenwood, WA

How much do homes in Greenwood, WA cost?

Median Sold Price

$768,800

$567/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$50,466(+7.0%)

Key Takeaway

Homes in Greenwood have sold for 7% more than they did a year ago.

Summary: The median home sold price in Greenwood was $768,800 in September 2024, up 7% from last year, and the median price per square foot was $567.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $360K$349.9K
-2.8%
2 $614.9K$690K
+12.2%
3 $766.9K$830K
+8.2%
4 $1.2M$1.1M
-9.8%
5+ $1.7M$1.1M
-33.7%

Summary: Greenwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 33.7%.

Housing Supply in Greenwood, WA

How many homes are available in Greenwood, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
90106+17.8%

Summary: The Greenwood real estate market had 106 homes for sale in September 2024, a 17.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 910
+11.1%
2 3134
+9.7%
3 3139
+25.8%
4 1416
+14.3%
5+ 57
+40.0%

Summary: The Greenwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2331+34.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood, you could pay more than the asking price. 38.7% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Greenwood in September 2024, up by 34.8% month-over-month. Of the 31 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.

Days on Market for Greenwood, WA

How long does it take to sell a home in Greenwood, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days25 Days+11.0%

Summary: Homes in Greenwood had an average of 25 days on market in Sep 2024, up by 11% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenwood are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 31 homes were sold in Greenwood; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

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