Is Greenwood, DE 19950 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Greenwood is a seller’s market. With about 3.3 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score42/ 100

More competitive than 42% of U.S. ZIP codes, and #30 of 47 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.3Under 4 months = seller’s market
Sold above original list23.8%Share of sales, last 3 months
Median sale-to-list95.8%Sold price ÷ list price
Median days on market39Listing to accepted offer
Median price per sq ft$202▲ +4.8% vs. last year

The Greenwood housing market right now

In the three months ending August 31, 2026, 24% of homes in Greenwood, DE 19950 sold above their list price, the typical home went under contract in 39 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 35%, homes sold faster (63 days then) and the median sale price fell 6% to $344,851. Overall, Greenwood is less competitive than a year ago, which gives buyers more room.

Within Sussex County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Greenwood ranks #30 of 47 DE ZIP codes with enough sales (score 42 out of 100).

Nearby, buyers who want less competition could look at Millville 19967 (0% sold over asking) or Millsboro 19966 (8% sold over asking), while Delmar 19940 (50% sold over asking) and Harbeson 19951 (36% sold over asking) are even more competitive.

Nearby markets

Bethany Beach 19930Seller’s market $529 /sq ftBridgeville 19933Balanced $201 /sq ftDagsboro 19939Seller’s market $245 /sq ftDelmar 19940Balanced $152 /sq ft Browse all markets →

Where Greenwood is

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Questions about Greenwood real estate

Is Greenwood a buyer’s or seller’s market?

A seller’s market: there were 3.3 months of supply in Greenwood, DE 19950 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Greenwood?

The typical home went under contract in 39 days in the latest three months.

Do homes in Greenwood sell over asking?

24% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.

What are property taxes in Greenwood?

About 0.32% of a home’s value a year in Sussex County, or roughly $1,280 on a $400,000 home.

What is the median home price in Greenwood?

The median sale price was $344,851 in the three months ending August 31, 2026, about $202 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology