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Featured local agent — Greenwood, MN
Sarah Mitchell
Compass Real Estate · Greenwood, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Greenwood, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$3.00Mmedian sale price
How is the Greenwood, MN housing market right now?
The median home sale price in Greenwood, MN is $3.00M with 3 active listings. The market is currently a balanced 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, MN is currently a balanced market, based on 3.0 months of supply. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
—
Average pace
Active listings
3
3.0 months supply
Sale-to-list
100.0%
Above asking
What does the Greenwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $3.00M |
| Median list price | $3.00M |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $642/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Greenwood by property type?
How the Greenwood, 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 | $3.00M | $642/sq ft | 1 | — |
| Condo / Co-op | $2.00M | $712/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Greenwood housing market is currently classified as a balanced market with a median sale price of $3.00M. Prices have fallen 0.0% compared to last year, indicating 3.0 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 8.6x provides context for how home values compare to local earning capacity.
Homes for sale in Greenwood
There are currently 3 homes listed for sale in Greenwood, Minnesota. The median listing price is $3.0M.
Active listings
3
Homes on market
Median list price
$3.0M
New this week
3
Newly listed
Who lives in Greenwood?
Population
720
Median income
$199,063/yr
Median age
48.8 years
Owner-occupied
90.0%
College grads
79.5%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Greenwood?
Zillow home value
$1.71M
Price-to-income
8.6x
Source: Zillow Research
What is it like to live in Greenwood?
Greenwood is a community of approximately 1K residents with a median age of 48.8 years.The median household income is $199,063, which reflects a relatively affluent area with strong earning potential. 79.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 90.0%, reflecting strong community stability and long-term resident commitment. 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 cities are near Greenwood, MN?
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 $3.00M, down 0.0% from last year.
What is the median income in Greenwood?
The median household income is $199,063 per year.
Is Greenwood a buyer's or seller's market?
With 3.0 months of supply, Greenwood is currently a balanced market.
What is the Zillow home value estimate for Greenwood?
The Zillow Home Value Index (ZHVI) for Greenwood is $1.71M, 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, MN is $2.00M, compared to $3.00M 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, MN is $3.00M (about $642 per square foot).
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