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Featured local agent — Greenwood, MS
Sarah Mitchell
Compass Real Estate · Greenwood, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Greenwood, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$40,000median sale price
How is the Greenwood, MS housing market right now?
The median home sale price in Greenwood, MS is $40,000, down 76.5% year-over-year. Homes sell in an average of 10 days with 34 active listings. The market is currently a leaning buyer's. (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, MS is currently a leaning buyer's, based on 6.8 months of supply and homes selling in about 10 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
10
Fast-moving
Active listings
34
6.8 months supply
Sale-to-list
88.8%
Below asking
What does the Greenwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $40,000 |
| Median list price | $155,000 |
| Year-over-year price change | -76.5% |
| Average days on market | 10 days |
| Active inventory | 34 listings |
| Months of supply | 6.8 months |
| Sale-to-list price ratio | 88.8% |
| Median price per sq ft | $18/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 12 |
| Listings with a price cut | 11.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Greenwood by property type?
How the Greenwood, MS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Townhouse | $78,000 | $65/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The Greenwood housing market is currently classified as a leaning buyer's with a median sale price of $40,000. Prices have fallen 76.5% compared to last year, with homes spending an average of 10 days on market, indicating 6.8 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 2.3x provides context for how home values compare to local earning capacity.
Homes for sale in Greenwood
There are currently 34 homes listed for sale in Greenwood, Mississippi. The median listing price is $155K.
Active listings
34
Homes on market
Median list price
$155K
Avg. days on market
10
Days until sale
New this week
12
Newly listed
Who lives in Greenwood?
Population
13,983
Median income
$34,659/yr
Median age
35.4 years
Owner-occupied
54.1%
College grads
23.5%
Avg commute
19.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Greenwood?
Zillow home value
$78,962
Price-to-income
2.3x
Source: Zillow Research
What is it like to live in Greenwood?
Greenwood is a community of approximately 14K residents with a median age of 35.4 years.The median household income is $34,659, which represents a working-class community with solid middle-income opportunities. 23.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.1%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 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?
13 schools tracked · 3,460 students
The largest public schools serving Greenwood, MS 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.
GREENWOOD HIGH SCHOOL
Grades 9-12 · 660 students
AMANDA ELZY HIGH SCHOOL
Grades 9-12 · 387 students
DAVIS ELEMENTARY SCHOOL
Grades K-6 · 374 students
THREADGILL ELEMENTARY SCHOOL
Grades 2-6 · 322 students
BANKSTON ELEMENTARY SCHOOL
Grades K-6 · 307 students
GREENWOOD MIDDLE SCHOOL
Grades 7-8 · 273 students
CLAUDINE F BROWN ELEMENTARY SCHOOL
Grades PK-2 · 260 students
Leflore Legacy Academy
Grades 6-8 · 227 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, MS?
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 $40,000, down 76.5% from last year.
How long do homes stay on market in Greenwood?
Homes typically spend 10 days on market before going under contract.
What is the median income in Greenwood?
The median household income is $34,659 per year.
Is Greenwood a buyer's or seller's market?
With 6.8 months of supply, Greenwood is currently a leaning buyer's.
What is the Zillow home value estimate for Greenwood?
The Zillow Home Value Index (ZHVI) for Greenwood is $78,962, representing the typical home value in the area.
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