Is Greenwood, IN 46142 a buyer’s or seller’s market?
Greenwood is a seller’s market. With about 2.1 months of supply and 16% 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.
More competitive than 58% of U.S. ZIP codes, and #122 of 306 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
The Greenwood housing market right now
In the three months ending August 31, 2026, 16% of homes in Greenwood, IN 46142 sold above their list price, the typical home went under contract in 15 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 122 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (12 days then) and the median sale price fell 4% to $314,814. Overall, Greenwood is less competitive than a year ago, which gives buyers more room.
Within Johnson County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Greenwood ranks #122 of 306 IN ZIP codes with enough sales (score 57 out of 100).
Nearby, buyers who want less competition could look at Needham 46162 (0% sold over asking) or Bargersville 46106 (8% sold over asking).
Run the numbers for 46142
Nearby markets
Bargersville 46106Seller’s market $178 /sq ftFranklin 46131Seller’s market $166 /sq ftGreenwood 46143Seller’s market $159 /sq ftNeedham 46162Seller’s market $226 /sq ft Browse all markets →Towns like Greenwood nearby
Find towns like Greenwood in other states →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 2.1 months of supply in Greenwood, IN 46142 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 15 days in the latest three months.
Do homes in Greenwood sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Greenwood?
About 0.71% of a home’s value a year in Johnson County, or roughly $2,840 on a $400,000 home.
What is the median home price in Greenwood?
The median sale price was $314,814 in the three months ending August 31, 2026, about $157 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