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Featured local agent — Greenwood, IL
Sarah Mitchell
Compass Real Estate · Greenwood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Greenwood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$550,000median sale price
How is the Greenwood, IL housing market right now?
The median home sale price in Greenwood, IL is $550,000. Homes sell in an average of 113 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Greenwood a buyer's or seller's market?
Greenwood, IL is currently a seller's market, based on 1.0 months of supply and homes selling in about 113 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
113
Average pace
Active listings
1
1.0 months supply
Sale-to-list
101.8%
Above asking
What does the Greenwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $550,000 |
| Average days on market | 113 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $294/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Greenwood by property type?
How the Greenwood, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $550,000 | $294/sq ft | 1 | 113 days |
Source: Redfin · Updated monthly
The Greenwood housing market is currently classified as a seller's market with a median sale price of $550,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 113 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Greenwood
There are currently 1 homes listed for sale in Greenwood, Illinois.
Active listings
1
Homes on market
Avg. days on market
113
Days until sale
Who lives in Greenwood?
Population
559
Median income
$138,750/yr
Median age
41.7 years
Owner-occupied
78.9%
College grads
32.1%
Avg commute
26.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Greenwood?
Greenwood is a community of approximately 1K residents with a median age of 41.7 years.The median household income is $138,750, which reflects a relatively affluent area with strong earning potential. 32.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Greenwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Greenwood, IL?
Want a head-to-head view? Compare Greenwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Greenwood?
The median home sale price in Greenwood is $550,000, down 0.0% from last year.
How long do homes stay on market in Greenwood?
Homes typically spend 113 days on market before going under contract.
What is the median income in Greenwood?
The median household income is $138,750 per year.
Is Greenwood a buyer's or seller's market?
With 1.0 months of supply, Greenwood is currently a seller's market.
How much does a single-family home cost in Greenwood?
The median single-family home price in Greenwood, IL is $550,000 (about $294 per square foot).
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