Greenwood, MN Home Prices — 2025 Guide
Real, current home price data for Greenwood — median values, price tiers by budget, bedroom breakdowns, and neighborhood comparisons from The PRO Team at RE/MAX RESULTS.
Median Home Price
$1,150,000
As of 2025
Price Per Sq Ft
$395
Median, single-family
Annual Appreciation
+6.5%
Year-over-year
Days on Market
42 days
Median time to offer
Home Price Ranges by Budget — Greenwood
Greenwood real estate spans a wide range of budgets. Here's how the market segments break down relative to the $1,150,000 median.
Entry-Level / Starter Homes
Entry-Level$550K – $780K
Condos, townhomes, and smaller single-family homes. Ideal for first-time buyers and downsizers looking for value and low maintenance.
Mid-Market / Move-Up Homes
Most Active$920K – $1.4M
3–4 bedroom single-family homes in established neighborhoods — the most active segment of the market with strong resale demand.
Premium Upper-Market
Premium$1.6M – $2.1M
4–5 bedroom homes with premium finishes, larger lots, and upgraded amenities in the best school zones.
Luxury & Estate Homes
Luxury$2.3M+
Custom estates, lakefront properties, and architecturally significant homes — often off-market or pre-marketed through luxury networks.
Price by Bedroom Count — Greenwood
Typical price ranges by bedroom count based on recent Greenwood sales. Actual prices vary by neighborhood, condition, and lot size.
Studio / 1 Bed
Condos & co-ops
$370K – $600K
2 Bedroom
Condos & townhomes
$600K – $865K
3 Bedroom
Single-family — most common
$895K – $1.2M
4 Bedroom
Move-up single-family
$1.3M – $1.7M
5+ Bedroom
Estate & luxury homes
$1.7M+
Price by Neighborhood
+6.5%
At this pace, today's median $1,150,000 home could be worth approximately $1.2M within a year.
Greenwood sellers operate in the most exclusive segment of the Lake Minnetonka market. Confidential marketing strategies and direct buyer relationships are often employed. The PRO Team's luxury network is essential for maximizing outcomes in this market.
Price Analysis — Greenwood Real Estate
Greenwood has appreciated 6.5% annually — the strongest consistent appreciation rate on the lake, driven by its extreme inventory scarcity and irreplaceable prestige positioning.
- Median price: $1,150,000 — reflecting consistent, sustained buyer demand in Greenwood
- $395 per square foot — a reliable benchmark when comparing individual listings
- 42 median days on market — balanced conditions giving buyers time to evaluate carefully
- +6.5% annual appreciation — outpacing most national housing benchmarks
- 5+ active listings — inventory that favors sellers with scarcity driving strong offers
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* Price ranges are based on recent market activity and are informational only. Contact The PRO Team for a precise, personalized market analysis.
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