Is Greenville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenville has remained a Seller's Market.
Key Takeaway
Greenville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenville, MI
How much do homes in Greenville, MI cost?
Median Sold Price
$245,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenville have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Greenville was $245,000 in May 2024, up 6.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438.9K | $259.9K | -40.8% |
| 2 Bedrooms | $168.7K | $185K | +9.6% |
| 3 Bedrooms | $225K | $238.5K | +6.0% |
| 4 Bedrooms | $255K | $275K | +7.8% |
| 5+ Bedrooms | $409.9K | $297K | -27.5% |
Summary: Greenville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Montcalm Township | $219.5K | $250K | +13.9% |
| Greenville | $230K | $245K | +6.5% |
| Eureka Township | $294K | $275.9K | -6.1% |
Housing Supply in Greenville, MI
How many homes are available in Greenville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 66 | -1.5% |
Summary: The Greenville real estate market had 66 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Greenville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 16 | -46.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Greenville in May 2024, down by 46.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Greenville, MI
How long does it take to sell a home in Greenville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +41.7% |
Summary: Homes in Greenville had an average of 17 days on market in May 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Greenville; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
