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Featured local agent — Greenwood, LA
Sarah Mitchell
Compass Real Estate · Greenwood, LA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Greenwood, LA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$239,000median sale price
How is the Greenwood, LA housing market right now?
The median home sale price in Greenwood, LA is $239,000. Homes sell in an average of 238 days with 19 active listings. The market is currently a buyer'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, LA is currently a buyer's market, based on 19.0 months of supply and homes selling in about 238 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
238
Average pace
Active listings
19
19.0 months supply
Sale-to-list
95.6%
Below asking
What does the Greenwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $239,000 |
| Median list price | $219,900 |
| Average days on market | 238 days |
| Active inventory | 19 listings |
| Months of supply | 19.0 months |
| Sale-to-list price ratio | 95.6% |
| Median price per sq ft | $126/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 8 |
| Listings with a price cut | 5.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Greenwood by property type?
How the Greenwood, LA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $239,000 | $126/sq ft | 1 | 238 days |
| Townhouse | $160,000 | $113/sq ft | 1 | 78 days |
Source: Redfin · Updated monthly
The Greenwood housing market is currently classified as a buyer's market with a median sale price of $239,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 238 days on market, indicating 19.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.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 19 homes listed for sale in Greenwood, Louisiana. The median listing price is $220K.
Active listings
19
Homes on market
Median list price
$220K
Avg. days on market
238
Days until sale
New this week
8
Newly listed
Who lives in Greenwood?
Population
3,123
Median income
$60,540/yr
Median age
50 years
Owner-occupied
82.7%
College grads
26.5%
Avg commute
22.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Greenwood?
Zillow home value
$255,120
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Greenwood?
Greenwood is a community of approximately 3K residents with a median age of 50 years.The median household income is $60,540, which represents a working-class community with solid middle-income opportunities. 26.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.7 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 cities are near Greenwood, LA?
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 $239,000, down 0.0% from last year.
How long do homes stay on market in Greenwood?
Homes typically spend 238 days on market before going under contract.
What is the median income in Greenwood?
The median household income is $60,540 per year.
Is Greenwood a buyer's or seller's market?
With 19.0 months of supply, Greenwood is currently a buyer's market.
What is the Zillow home value estimate for Greenwood?
The Zillow Home Value Index (ZHVI) for Greenwood is $255,120, representing the typical home value in the area.
How much does a single-family home cost in Greenwood?
The median single-family home price in Greenwood, LA is $239,000 (about $126 per square foot).
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