Greenwood, IN Rental & Sales Market Update – August 2025
Greenwood continues to prove itself as one of the most stable and reliable markets in the Indianapolis metro area. For August 2025, the data shows that rental prices are experiencing small seasonal dips while sales activity remains strong, making Greenwood a consistent performer for real estate investors.
Rental Market Trends
- Active homes: Inventory declined slightly, down over 5.5% month-over-month.
- Average rent: $1,920, ticking down modestly — likely a factor of seasonality, though saturation from new construction could also be at play.
- Days on market: 36, down 10% month-over-month — very healthy compared to other Indy suburbs.
- Price per sq. ft.: $1.12.
- Apartments: ~35 units listed, averaging $1,229 per month ($1.30/sq. ft.).
- Condos: 4 available, averaging $1,549 per month, 31 days on market, $1.29/sq. ft.
Looking at historical graphs, Greenwood shows a clear seasonal cycle but with steady year-over-year rent growth. Investors can count on predictable performance in this market.
Sales Market Trends
- Average days on market: 31, up 19% month-over-month but still very quick for sales activity.
- Average price per sq. ft.: $175.
- Average sales price: $341,000, continuing an upward trend.
- Homes sold: 93, flat month-over-month.
The sales market in Greenwood remains strong, with pricing fairly consistent with 2024 but showing more recent growth in mid-summer. Homes priced between $200K–$250K continue to be the sweet spot for investors targeting reliable rental returns.
Investor Takeaways
Greenwood offers predictability and relative affordability compared to higher-priced suburbs like Noblesville or Fishers. While rents show normal seasonal dips, long-term growth remains strong, and sales activity is steady. Investors looking for a stable, lower-risk play in the Indianapolis metro should keep Greenwood at the top of their list.
From Red Door Property Management Indianapolis
Transcript Here
0:01 — Greenwood Rental Market Update
Greenwood. All right. I love Greenwood. It’s my sister market to the Noblesville area on the south side of Indianapolis. Number of active homes—we’re ticking down over five and a half percent. Average rental price—here we are yet again—ticking down. Seasonality very likely the factor here, but it could also be a factor of new home construction and saturation. Don’t know until we get into the next few months, but more than likely we’re just talking seasonality here. So $1,920. Average days on market is 36, which is down an even 10% month over month. A very healthy 36—you’re smashing that if you’re putting a property with Red Door. Average price per square foot at $1.12. Now we got apartments and condos down there, those two lines, which really isn’t a market for apartments and condos in my opinion. About 35 apartments—$1,229 is your average rental rate at $1.30 per square foot. Four condos on the market for $1,549, 31 days on the market, $1.29 per square foot. Now, man, look at that graph there in the bottom left hand. If you can’t predict seasonality from that graph, I don’t know what else to tell you. I mean, listen, we have year-over-year increase, which is the difference between light blue and dark blue lines, and everything else I would say is literally seasonality.
No, that’s—yeah man. Talk about a stable market. Greenwood is great. I really, really like Greenwood. So, yeah. Anyway, I was going to talk about a personal experience, but I’m not going to do that. Let’s get into the sales data, unless you have anything to add on the rental side.
Now, it kind of reminds me of Indy, our first graph, where it’s like super predictable. It’s up year-over-year—kind of boring and awesome if I’m an investor.
Yeah, exactly.1:59 — Greenwood Sales Market Update
Sales information, August 2025 for the Greenwood, Indiana market. Average days on market: 31—continuing to tick up over 19% month over month. Average price per square foot is $175 and your average sales price is ticking up here—so $341k—so this market’s still on an upswing. Number of homes sold at 93, which is flat month over month. Average sales price over time is—man, from that graph—it’s pretty consistent with last year. Although we look at our year-over-year, we’re seeing the difference as we get into July and August for sure. Number of homes sold—so anything selling under $500,000—that’s how much you’re going to spend to enter this market. So $200k–$250k is the sweet spot there, I think, for a great rental property in Greenwood. Yeah, anything you want to add to the sales side?
Just on that bottom-right graph—the average sales price is pretty similar to some of these other ones we’ve looked at in Westfield and Noblesville and Fishers. Although, if you look at that bottom-right graph, you can quickly see that Greenwood—although it does have that average sales price—is actually a little bit more of an affordable market. You can see very quickly that you can get a lot more homes under $250k, certainly under $300k, than in some of those other areas. So, I wouldn’t exactly call it a value play, but more value than some of these other areas we’re talking about.
Yeah. Yeah. Exactly. Yeah.
