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Featured local agent — Greenfield, MN
Sarah Mitchell
Compass Real Estate · Greenfield, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Greenfield, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$385,000median sale price
How is the Greenfield, MN housing market right now?
The median home sale price in Greenfield, MN is $385,000, down 38.4% year-over-year. Homes sell in an average of 184 days with 12 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 Greenfield a buyer's or seller's market?
Greenfield, MN is currently a seller's market, based on 2.4 months of supply and homes selling in about 184 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
184
Average pace
Active listings
12
2.4 months supply
Sale-to-list
103.3%
Above asking
What does the Greenfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $385,000 |
| Median list price | $1.04M |
| Year-over-year price change | -38.4% |
| Average days on market | 184 days |
| Active inventory | 12 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 103.3% |
| Median price per sq ft | $235/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 4 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Greenfield by property type?
How the Greenfield, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $385,000 | $235/sq ft | 5 | 184 days |
| Townhouse | $275,000 | $132/sq ft | 1 | 71 days |
Source: Redfin · Updated monthly
The Greenfield housing market is currently classified as a seller's market with a median sale price of $385,000. Prices have fallen 38.4% compared to last year, with homes spending an average of 184 days on market, indicating 2.4 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Greenfield
There are currently 12 homes listed for sale in Greenfield, Minnesota. The median listing price is $1.0M.
Active listings
12
Homes on market
Median list price
$1.0M
Avg. days on market
184
Days until sale
New this week
4
Newly listed
Who lives in Greenfield?
Population
2,897
Median income
$147,184/yr
Median age
44.8 years
Owner-occupied
97.9%
College grads
49.8%
Avg commute
35.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Greenfield?
Zillow home value
$608,184
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Greenfield?
Greenfield is a community of approximately 3K residents with a median age of 44.8 years.The median household income is $147,184, which reflects a relatively affluent area with strong earning potential. 49.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 97.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Greenfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Greenfield, MN?
Want a head-to-head view? Compare Greenfield side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Greenfield?
The median home sale price in Greenfield is $385,000, down 38.4% from last year.
How long do homes stay on market in Greenfield?
Homes typically spend 184 days on market before going under contract.
What is the median income in Greenfield?
The median household income is $147,184 per year.
Is Greenfield a buyer's or seller's market?
With 2.4 months of supply, Greenfield is currently a seller's market.
What is the Zillow home value estimate for Greenfield?
The Zillow Home Value Index (ZHVI) for Greenfield is $608,184, representing the typical home value in the area.
How much does a single-family home cost in Greenfield?
The median single-family home price in Greenfield, MN is $385,000 (about $235 per square foot).
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