Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Greenwood right now.
You have the upper hand in Greenwood. Most homes for sale still have no buyer. Many sellers have already dropped their price once. Sellers are competing for you. Use it.
Only 63 out of every 100 homes for sale have found a buyer. The other 37 are still waiting. Your offer may be the only one on the table. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.
A typical Greenwood home takes 43 days to find a buyer. Half of them take even longer. That is 18% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 279 homes for sale in Greenwood. That is 9.3 times the tightest month on record, but below the peak of 327. Supply is growing against last year.
Asking prices are 13.0% below their May 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Greenwood prices have risen in 93 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.
In Greenwood, 31 out of every 100 households rent. Most own their home. That share has held steady for five years. Greenwood added about 1,400 renter households in five years. Renter households average 2.3 people. Two and three bedrooms fit the typical renter.
Households grew 13% in five years. The housing stock grew 9%. Demand is outrunning supply. Just 4.3% of homes sit empty. A well-priced rental fills fast here.
The median Greenwood household earns $90,578 a year. Incomes here have grown 3.9% a year since 2019. Incomes and home prices are rising in step. A typical home costs 4.1 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,264 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Yes, if you negotiate. Buyers have the upper hand in Greenwood right now. 63 out of every 100 homes for sale have a buyer, 29% of sellers have cut their price, and a typical home takes 43 days to sell.
Asking prices are 13.0% below their May 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
Assume +4.3% a year. Greenwood has grown about 4.3% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices rose 1.9% over the last year. That is a timing signal, not a trend.
A typical Greenwood home takes 43 days to find a buyer. Half of them take even longer. That is 18% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
In Greenwood, 31 out of every 100 households rent. Most own their home. That share has held steady for five years. Just 4.3% of homes sit empty. A well-priced rental fills fast here.
A tenant on the median income can pay about $2,264 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Greenwood household earns $90,578 a year.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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