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Condo Foreclosures in Greenwood, MN

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Greenwood, MN Foreclosures

Current Market Conditions in in Greenwood, MN As of April 2026?
In the past month, Greenwood has seen a slight decrease in the pace of home sales due to a rise in mortgage rates, which has led prospective buyers to be more cautious. However, the inventory remains tight, keeping prices stable. The average days on the market have increased slightly, indicating that buyers are taking their time to search for homes that meet their needs.
How much do homes sell for in Greenwood, MN?
The average home price is currently $1,952,820.
What’s the average rental cost in Greenwood, MN?
The average rental price in Greenwood is $2,806.
What is the most expensive home in Greenwood?
The most expensive home sold in Greenwood had a price of $11,270,727.
What is currently the cheapest priced home in Greenwood, MN?
The cheapest home for sale in Greenwood is priced at $197,384.

Living in Greenwood, MN

Greenwood, Minnesota, is a picturesque residential community nestled along the shores of Lake Minnetonka. It offers a tranquil suburban atmosphere combined with easy access to bustling urban amenities in nearby cities. Residents enjoy a close-knit community feel, beautiful natural surroundings, and a variety of outdoor recreational activities.

Buyer vs Seller Market in Greenwood, MN

As of now, Greenwood's real estate market is moderately competitive, with homes appreciating steadily due to the area's desirability and limited inventory. Seasonal trends show a slight uptick in listings as spring approaches, leading to higher buyer activity during that time.

The interest rates and in-demand homes keep the market robust, especially with younger families looking to settle in a peaceful community with good schools and recreational facilities.

Home Value Estimator For Greenwood, MN

There are currently 269 real estate properties in Greenwood, MN, with a median automated valuation model (AVM) price of $1,682,696.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Greenwood, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Greenwood, MN, is $1,952,820.00, with the most expensive house in Greenwood, MN, topping out at $11,270,727.00 and the cheapest home in Greenwood, MN, clocking in at $197,384.00. In other words, there’s something for every potential homebuyer or savvy investor in Greenwood, MN!

Rent Prices In Greenwood, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Greenwood, MN, is on a rollercoaster ride. The average rent price in Greenwood, MN, is $2,806.00. Indeed, when looking to rent in Greenwood, MN, you can expect to pay as little as $1,240.00 or as much as $3,720.00, with the average rent median estimated to be $2,660.00. The good news is that finding an affordable and desirable property to rent in Greenwood, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Greenwood, MN Condos


Market Trend for Greenwood, MN

Total Listings Available: 0

Market Values:

Home Prices from $197,384 to $11,270,727

Average Sales Price: $1,952,820

Rental Values:

Rental from $1,240 to $3,720

Average Rent Value: $2,806 / month

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