Mitch's Weekly Market Report

Greenwood, IN 46142

Condos/Townhomes

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Greenwood, IN 46142

Sun Feb 23 2025
This week the median list price for Greenwood, IN 46142 is $202,450 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 4. Click here to stay informed with the Greenwood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Greenwood, IN 46142

Sun Feb 23 2025
This week the median list price for Greenwood, IN 46142 is $202,450 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 4. Click here to stay informed with the Greenwood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Greenwood market.
Median List Price $202,450
Median Price of New Listings $229,950
Per Square Foot $165
Average Days on Market 61
Median Days on Market 32
Price Decreased 25%
Price Increased 0%
Relisted 25%
Inventory 4
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$299,900 1,651 0 - 4,500 sqft 2 2 22 1 0 0
$244,900 1,198 0 - 4,500 sqft 2 2 22 0 0 182
$160,000 1,065 6,500 - 8,000 sqft 2 2 37 1 1 0
$135,000 1,088 0 - 4,500 sqft 2 1.5 51 0 1 63