Hennepin County, Minnesota

Greenwood, MN Real Estate Market Report 2026

Track Greenwood, MN housing market trends — median prices, days on market, appreciation rates, and expert analysis from The PRO Team at RE/MAX RESULTS.

Overview Market Trends Home Prices Neighborhoods Schools Buyer Guide Seller Guide Relocation Things to Do Luxury Homes Commute

Greenwood Housing Market Snapshot

Current market data for Greenwood, MN — updated regularly by The PRO Team at RE/MAX RESULTS.

Median Home Price

$1,150,000

As of 2025

Avg Days on Market

42 days

Median, all home types

Active Listings

Currently available

Price Per Sq Ft

$395

Median single-family

Year-Over-Year Change

+6.5%

Greenwood has appreciated 6.5% annually — the strongest consistent appreciation rate on the lake, driven by its extreme inventory scarcity and irreplaceable prestige positioning.

Market Conditions

Median home price: $1,150,000 — representing strong demand in the Greenwood market
Average days on market: 42 — a buyer-friendly market with more time to decide
Price appreciation: +6.5% year-over-year, indicating positive momentum and continued buyer demand
5+ active listings across all home types at any given time
$395 price per square foot — useful benchmark for evaluating any specific listing

Price Ranges by Segment

Greenwood Lakefront Estates$1.8M – $7M+

Greenwood Lake Access$900K – $1.8M

Expert Market Analysis

Greenwood has appreciated 6.5% annually — the strongest consistent appreciation rate on the lake, driven by its extreme inventory scarcity and irreplaceable prestige positioning.

Greenwood is part of the broader West Metro Twin Cities market, which consistently outperforms the national average for residential appreciation. Buyers benefit from strong resale values, excellent infrastructure, and high quality of life — all factors that sustain long-term demand.

For Buyers

Greenwood attracts the highest echelon of Twin Cities real estate buyers — individuals for whom privacy, prestige, and lake access are non-negotiable. The community is home to prominent business leaders and families who have chosen the lake's most exclusive address.

Search Greenwood Homes

For Sellers

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.

Get Your Home Value

Search Greenwood Homes on MLS

Browse every active listing — updated every 15 minutes with new listings, price changes, and coming-soon homes.

* Market data is for informational purposes. Contact The PRO Team for a personalized, real-time analysis.

Frequently Asked Questions

Common questions about Greenwood real estate market trends from buyers and sellers.

Is it a buyer's or seller's market in Greenwood right now?

Greenwood is currently operating in a more balanced market. Homes are averaging 42 days on market, and year-over-year appreciation stands at +6.5%. Greenwood has appreciated 6.5% annually — the strongest consistent appreciation rate on the lake, driven by its extreme inventory scarcity and irreplaceable prestige positioning.. The PRO Team provides up-to-date absorption rate analysis on request.

What is the price per square foot in Greenwood?

Greenwood's current median price per square foot is $395. This varies significantly by neighborhood, home age, and condition — newer construction and lake-proximity properties typically command a meaningful premium above this figure. The PRO Team can provide a property-specific price-per-square-foot comparison for any home you're evaluating.

How has the Greenwood real estate market changed in the past year?

Greenwood home values have moved +6.5% year-over-year. Greenwood has appreciated 6.5% annually — the strongest consistent appreciation rate on the lake, driven by its extreme inventory scarcity and irreplaceable prestige positioning. Active inventory stands at approximately 5 listings, which represents a tight supply environment.

What is the average days on market for homes in Greenwood?

Greenwood homes are currently selling in an average of 42 days on market. Well-priced, move-in-ready homes in desirable neighborhoods often sell faster. Homes that are overpriced or need significant work tend to sit longer. The PRO Team's market expertise helps both buyers and sellers calibrate to realistic timelines.

Home Valuation

What's Your Greenwood Home Really Worth?

Get a no-obligation valuation from a local Greenwood expert — not Zillow's algorithm. We pull real comparables, account for your home's specific features, and deliver a number you can actually plan around.