Greenfield Housing Market Report February 2025•Wayne County, Michigan

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Housing Prices in Greenfield, MI

How much do homes in Greenfield, MI cost?

Housing Market Conditions

Is Greenfield, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Greenfield is a Neutral Market

Difference Since February 2024

At the same time last year, Greenfield was a Seller's Market.

Insight

Greenfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$85,000$70/SqFt
+$10,000
+13.3%

Based on all homes sold in the last 12 months

Insight

Homes in Greenfield have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Greenfield was $85,000 in February 2025, up 13.3% from last year, and the median price per square foot was $70.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Bagley
+27.6%
Greenfield
+13.3%
North
+12.3%
Upper West
+10.7%
Pembroke
-1.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$58.5K$59K
+0.9%
3$77K$91K
+18.2%
4$130K$101.5K
-21.9%
5$107K$107.9K
+0.9%

Summary: Greenfield housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +0.9%. The home price for 3 bedroom homes increased by +18.2%. The home price for 4 bedroom homes decreased by -21.9%. The home price for 5 bedroom homes increased by +0.9%.

How does Greenfield, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Greenfield, MI

Housing supply in Greenfield, MI

How many homes are available in Greenfield, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
121Last MonthFeb 2025
1242 months agoJan 2025
-2.4 %
Change MoMJan – Feb

Summary: The Greenfield real estate market had 121 homes for sale in Feb 2025, a 2.4 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
18Last MonthFeb 2025
262 months agoJan 2025
-30.8 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
21414
0.0%
310197
-4.0%
4910
+11.1%
500
0.0%

Summary: Greenfield housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -4.0%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Greenfield, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price11 Homes

At Asking Price1 Home

Under Asking Price6 Homes

Insight

If you're buying a home in Greenfield, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Greenfield in February 2025, down by 30.8% month-over-month. Of the 18 sold homes, 33% were sold under asking, 6% were sold at asking, and and 61% were sold over asking.

Days on Market for Greenfield, MI

How long does it take to sell a home in Greenfield, MI?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days5 Homes

Over 90 Days4 Homes

Insight

Many homes in Greenfield are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 18 homes were sold in Greenfield; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
40 DaysThis YearFeb 2025
37 Days1 year agoFeb 2024
+9.3 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Greenfield had an average listing age of 40 days in Feb 2025, up by 9.3% compared to the previous year.

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Newest Listings in Greenfield, MI

What homes are available in Greenfield, MI?

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MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025

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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.