π‘ Greenwood, Indiana – June 2025 Rental & Sales Market Report
π Rental Market Overview
- Active Rental Listings: 98 homes on market
- Average Rent: $1,999 (π Down 1.25% MoM, β¬οΈ Up 4.5% YoY)
- Average Days on Market: 34 days (β¬οΈ Up 25% MoM, still very healthy)
- Price per Sq Ft (SFH): $1.70 (π Down nearly 2%)
π’ Multi-Family and Townhome Breakdown
- Apartments & Condos: 39 units, $1,333 average rent, $1.32/sq ft
- Townhomes: 7 units, $1,495 average rent, 24 days on market, $1.22/sq ft
Greenwood’s rental market continues to shine thanks to its affordability, consistent tenant demand, and highly predictable seasonal rent patterns. Rents peak in summer months—often increasing $200–$300 compared to winter rates.
This trend reinforces the importance of working with a local Greenwood property management company that understands seasonality. By aligning lease expirations with high-demand months like June and July, investors can dramatically boost returns.
ποΈ Sales Market Overview
- Average Sales Price: Ticking down slightly month-over-month
- Average Days on Market: 31 days (β¬οΈ Down from May)
- Price per Sq Ft: $167 (βΈοΈ Unchanged MoM)
- Homes Sold: 123 (β¬οΈ Higher than last month)
The sales side in Greenwood is starting to show signs of stabilization. While prices aren’t dropping dramatically, they're also not surging—indicating a balanced market.
Greenwood remains one of the strongest submarkets in Indianapolis for acquiring rentals. Over 230 homes sold between $200K–$250K, showing strong affordability and investor access.
Learn more about Greenwood’s investor-friendly metrics by exploring our Indianapolis property management services.
π‘ Key Investor Insights
- π― Summer leasing cycles boost ROI by $200–$300/month
- π Strong inventory in the $200K–$250K range – perfect entry point for new investors
- π Stabilized sales prices mean greater predictability and reduced volatility
Whether you’re an experienced landlord or just getting started, Greenwood delivers reliable returns and consistent market performance. Partner with Red Door Property Management in Greenwood to maximize your investment potential.
Transcript Here
Greenwood Rental Market: Seasonality, Stability, and Opportunity
Greenwood continues to be a standout rental market and remains a personal favorite for investors seeking a reliable, affordable alternative to northern suburbs like Noblesville. This month, there are 98 active homes with an average rental price of $1,999 — just shy of a round number. That figure is down slightly month-over-month, but up 4.5% year-over-year, indicating stable long-term growth.
Average days on market sits at 34, up 25% month-over-month, but still very strong — especially when paired with sound pricing strategy and guidance from a knowledgeable property manager. Price per square foot is currently $1.07, slightly down nearly 2%.
Rental Breakdown: Apartments, Condos, and Townhomes
Greenwood has 39 apartments and condos currently listed with an average rent of $1,333 and $1.32 per square foot. Townhomes remain an excellent value play with just seven on the market, renting at an average of $1,495. Those townhomes are moving quickly — just 24 days on market — and averaging $1.22 per square foot.
Predictable Seasonal Trends Are Greenwood’s Strength
The single-family rental graph tells a predictable and reassuring story: a reliable seasonal upswing from winter through summer. Peak rents arrive in May through July, followed by a decline into the fall and winter months. This seasonal rhythm can easily mean a $200–$300/month swing in rent, depending on when the lease is signed.
That’s why smart lease structuring matters. We regularly suggest 14- to 18-month leases to align renewals with summer months. Signing a lease that ends in November or December could mean missing out on that rental premium — a difference of up to $400 annually. Investors: work with a property manager who knows how to keep your property aligned with seasonal market cycles.
Greenwood Sales Market: Stable, Slightly Softening
On the sales side, average days on market dropped to 31 — a healthy pace and down month-over-month. The price per square foot remained steady at $167. However, average sales price is beginning to show slight softening, part of a trend we've seen in several Indianapolis-area suburbs.
Still, sales volume remains strong: 123 homes sold this month, up from last month. While the average price trend line is ticking slightly downward, it closely mirrors last year’s pattern, indicating this could simply be seasonal balancing.
Investor Opportunity: Affordable Price Points with Proven Demand
Greenwood’s sweet spot for investment homes is under $500K — and especially in the $200K–$250K range, where 232 homes were sold recently. This is a highly active price band, offering solid rental potential and good value for buy-and-hold strategies.
While prices may be “flattening” or “stalling,” the better word might be “stabilizing” — and that’s a good thing for long-term buy-and-hold investors. With strong rental performance and accessible entry prices, Greenwood remains a balanced, investor-friendly market.
