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Featured local agent — Greenwood, IN
Sarah Mitchell
Compass Real Estate · Greenwood, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Greenwood, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$304,500median sale price
How is the Greenwood, IN housing market right now?
The median home sale price in Greenwood, IN is $304,500, down 1.8% year-over-year. Homes sell in an average of 19 days with 199 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 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, IN is currently a seller's market, based on 2.1 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
94
Last 12 weeks
Days on market
19
Fast-moving
Active listings
199
2.1 months supply
Sale-to-list
97.8%
Below asking
What does the Greenwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $304,500 |
| Median list price | $323,000 |
| Year-over-year price change | -1.8% |
| Average days on market | 19 days |
| Active inventory | 199 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $160/sq ft |
| Homes sold (latest month) | 94 |
| New listings (latest month) | 141 |
| Listings with a price cut | 35.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Greenwood by property type?
How the Greenwood, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $310,000 | $160/sq ft | 85 | 19 days |
| Condo / Co-op | $270,000 | $162/sq ft | 7 | 30 days |
| Townhouse | $260,000 | $125/sq ft | 1 | 21 days |
Source: Redfin · Updated monthly
The Greenwood housing market is currently classified as a seller's market with a median sale price of $304,500. Prices have fallen 1.8% compared to last year, with homes spending an average of 19 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Greenwood
There are currently 199 homes listed for sale in Greenwood, Indiana. The median listing price is $323K.
Active listings
199
Homes on market
Median list price
$323K
Avg. days on market
19
Days until sale
New this week
141
Newly listed
Who lives in Greenwood?
Population
64,237
Median income
$78,765/yr
Median age
36.4 years
Owner-occupied
60.9%
College grads
31.0%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Greenwood?
Zillow home value
$331,142
Zillow rent index
$1,609/mo
Price-to-rent ratio
17.1x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Greenwood?
Greenwood is a community of approximately 64K residents with a median age of 36.4 years.The median household income is $78,765, which reflects a relatively affluent area with strong earning potential. 31.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.9%, showing a blend of owner and renter-occupied properties. The average commute time is 24.7 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 public schools serve Greenwood?
17 schools tracked · 15,147 students
The largest public schools serving Greenwood, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Center Grove High School
Grades 9-12 · 2,893 students
Clark Pleasant Middle School
Grades 6-8 · 1,635 students
Center Grove Middle School Central
Grades 6-8 · 1,264 students
Greenwood Community High Sch
Grades 9-12 · 1,219 students
Center Grove Middle School North
Grades 6-8 · 1,069 students
Greenwood Middle School
Grades 6-8 · 967 students
Sugar Grove Elementary School
Grades PK-5 · 802 students
Grassy Creek Elementary School
Grades PK-5 · 750 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Greenwood, IN?
Want a head-to-head view? Compare Greenwood side-by-side with any other U.S. city using our market-comparison tool.
Is Greenwood a good real estate investment market?
For investors evaluating Greenwood, the price-to-rent ratio of 17.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Greenwood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Greenwood's median home price.
Frequently asked questions
What is the average home price in Greenwood?
The median home sale price in Greenwood is $304,500, down 1.8% from last year.
How long do homes stay on market in Greenwood?
Homes typically spend 19 days on market before going under contract.
What is the median income in Greenwood?
The median household income is $78,765 per year.
Is Greenwood a buyer's or seller's market?
With 2.1 months of supply, Greenwood is currently a seller's market.
What is the Zillow home value estimate for Greenwood?
The Zillow Home Value Index (ZHVI) for Greenwood is $331,142, representing the typical home value in the area.
What is the median condo price in Greenwood?
The median condo/co-op sale price in Greenwood, IN is $270,000, compared to $310,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Greenwood?
The median single-family home price in Greenwood, IN is $310,000 (about $160 per square foot).
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