Is Greenwood Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenwood Township has remained a Buyer's Market.
Housing Prices in Greenwood Township, MI
How much do homes in Greenwood Township, MI cost?
Median Sold Price
$159,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenwood Township was $159,000 in May 2024, down 4.5% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | $94K | +276.0% |
2 Bedrooms | $149.9K | $120K | -20.0% |
3 Bedrooms | $195K | $215K | +10.3% |
4 Bedrooms | $176.8K | $399.9K | +126.1% |
5+ Bedrooms | - | $450K | N/A |
Summary: Greenwood Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 276%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 126.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Albert Township | $182K | $217.5K | +19.5% |
Lewiston | $158K | $167.5K | +6.0% |
Greenwood Township | $166.5K | $159K | -4.5% |
Housing Supply in Greenwood Township, MI
How many homes are available in Greenwood Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Summary: The Greenwood Township real estate market had 18 homes for sale in May 2024, a 80.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 2 | 7 | +250.0% |
4 Bedrooms | 0 | 3 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Greenwood Township housing inventory by bedroom type for May 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 250%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Greenwood Township in May 2024, the same as the previous 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?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Greenwood Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.