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Is Greenwood, VA 22943 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Greenwood is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market45Listing to accepted offer
Median price per sq ft$366▲ +90.1% vs. last year

The Greenwood housing market right now

In the three months ending August 31, 2026, 50% of homes in Greenwood, VA 22943 sold above their list price and the typical home went under contract in 45 days. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (267 days then) and the median sale price rose 654% to $1,809,320. Overall, Greenwood is more competitive than a year ago, so tougher for buyers.

Within Albemarle County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at North Garden 22959 (0% sold over asking) or Esmont 22937 (0% sold over asking).

Run the numbers for 22943

Prefilled for 22943Can I win this house?Multiple-offer likelihood for a listing Prefilled for 22943Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Barboursville 22923Seller’s market $213 /sq ftCharlottesville 22901Balanced $272 /sq ftCharlottesville 22902Seller’s market $290 /sq ftCharlottesville 22903Seller’s market $304 /sq ft Browse all markets →

Where Greenwood is

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Questions about Greenwood real estate

How fast do homes sell in Greenwood?

The typical home went under contract in 45 days in the latest three months.

Do homes in Greenwood sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.

What are property taxes in Greenwood?

About 0.75% of a home’s value a year in Albemarle County, or roughly $3,000 on a $400,000 home.

What is the median home price in Greenwood?

The median sale price was $1,809,320 in the three months ending August 31, 2026, about $366 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