HERE YOU CAN... View Recaps Of The Greenwood Area's Current Vs Prior Monthly & Yearly Activity, Search Active Listings By... Zip Code, Type Of Property, & Open Houses OR Search Another Area Or Community.
THE CURRENT GREENWOOD AREA REAL ESTATE MARKET
MITCH ANSWERS THE QUESTION... IS IT A BUYER'S OR SELLER'S MARKET RIGHT NOW?
The Market Action Index Shown Below Compares The Rate Of Sales Versus Inventory, To Create An Easy To Understand Visual Of How The Market Is Currently Preforming... Since This Information Is All Based On Data That's Updated Weekly!
A Market Action Index ("MAI") Of 0-29 Indicates a Buyer's Market Where Demand Exceeds Supply. The Lower The Number, The Greater The Buyer's Advantage. An MAI of 30 Indicates a Balanced Market Where Demand Matches Supply. And An MAI Of 31-100 Indicates A Seller's Market, Where Supply Is Less Than The Demand. The Higher The Number, The Greater The Seller's Advantage.
Selecting either the Single Family Houses or Condos/Townhouses button below allows you to see more details... Like a Market Narrative that adds context to the Market Action Index where we break down, in plain English for you, what all of these numbers mean. This narrative also provides clarity on which direction the market appears to be heading. Similarly, with the Real-Time Market Profile, you can explore each of the 11 trend lines to see how the indicator has changed over the past three months. You can also generate multi-year trend charts for 9 different market stats. Lastly, since the high end of the market often behaves differently than the low end, you can see the trends at all of the price points in your market to compare how the market is performing in the price segments that interest you most. If you still have questions, feel free to Connect with Mitch.
Note: Many Areas Have Multiple Zip Codes, & Some Zip Codes Also Span Multiple Areas. So, Accurate Market Data Varies Both On The Zip Code & The Area. Mitch Advises Clients Using, When Available, More Specific Neighborhood / Development Activity.
Select The Type Of Listings You Want To View:

About Mitch
Mitch leverages his local expertise, combined with his meaningful business and life experiences, and decades of professional leadership and growth in the construction and technology industries to contribute to his success as one of Greater Indy's Top REALTORs.
Mitch is committed to helping change the lives of his clients as they start their next chapter, by making it easier, more enjoyable and more profitable for his clients that design, build, buy, and sell their home, condo, townhouse or investment property!
Or Select Another Greater Indianapolis Area To See How The Real Estate Market Is For Houses, Townhouses & Condominiums
Regardless Of The Direction... Mitch Can help U Make The Right Move!
Find Out About Recent Market Activity If You Are Considering Buying Or Selling!
Generally Speaking What Goes Into The Value Of A Property
1/3 Is About The Property Itself: The Location, Condition, Updates, Bed & Bath Count, Size, Age & All Features
1/3 Is About Similar Places For Sale A Buyer Could Also Buy, At The Same Time, In The Same & Similar Areas
1/3 Is About What Similar Properties, In The Same Or Similar Areas, Have Sold for In The Last 6-12 Months
Real estate values are not like a ten-dollar bill that is worth $10 regardless of if it’s crisp and brand new, or if it’s twenty years old, dirty and torn. Neither the condition of the bill in your hand, the condition of other ten-dollar bills, nor the location of where you are holding the bill will change its value! If the value of real estate was also this precise and exact, just like the value of a dollar bill, then there would frankly be no need for real estate agents!
When you are thinking about buying or selling accurately evaluating the value of a house, townhouse, or condominium is a complex calculation that leverages years of experience and expertise like Mitch has, as one of the Top REALTOR's in the Greater Indy area! So let's start at the very beginning - with the RIGHT price! And the best way to find the RIGHT price is to ask Mitch.
What Is A Greater Indianapolis Property Worth
For Sellers, Get An Even More Precise Valuation Of Your Greater Indy Property, After You Have Completed The 1st Above... Feel Free To Share Additional Details Here
The 4 Most Common Ways To Determine The Value Of A Property, From The Highest Accuracy (4 stars) To The Least Accurate (1 star)
Comparative Market Analysis (CMA)
This is an indication of the property’s value based on a detailed and adjusted analysis of the 4-6 most relevant and similar properties that have recently sold in your development and/or nearby.
A CMA should also increase or decrease the value based on the current market conditions including, interest rates, and the supply and demand at that moment in time. Most real estate agents will perform a CMA before listing a home for sale and great Buyer’s Agents will also complete a CMA when working for a buyer who is considering submitting an offer on a property.
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This is an indication of the property’s value based on a detailed and adjusted analysis of the 4-6 most relevant and similar properties that have recently sold in your development and/or nearby.
A CMA should also increase or decrease the value based on the current market conditions including, interest rates, and the supply and demand at that moment in time. Most real estate agents will perform a CMA before listing a home for sale and great Buyer’s Agents will also complete a CMA when working for a buyer who is considering submitting an offer on a property.
This is an indication of the property’s value based on a detailed and adjusted analysis of the 4-6 most relevant and similar properties that have recently sold in your development and/or nearby.
A CMA should also increase or decrease the value based on the current market conditions including, interest rates, and the supply and demand at that moment in time. Most real estate agents will perform a CMA before listing a home for sale and great Buyer’s Agents will also complete a CMA when working for a buyer who is considering submitting an offer on a property.
This is an indication of the property’s value based on a detailed and adjusted analysis of the 4-6 most relevant and similar properties that have recently sold in your development and/or nearby.
A CMA should also increase or decrease the value based on the current market conditions including, interest rates, and the supply and demand at that moment in time. Most real estate agents will perform a CMA before listing a home for sale and great Buyer’s Agents will also complete a CMA when working for a buyer who is considering submitting an offer on a property.
An Appraisal
State-licensed appraisers will walk through a property and write an official appraisal report. While appraisals offer a little protection for buyers regarding the value of a property, the customer for the appraiser is the mortgage lender not the buyers. Banks typically require appraisals when refinancing your home, or getting a mortgage for a new home, to minimize the lender’s risk by making sure the bank is loaning no more than what the property could be resold for if the buyer was unable to repay their mortgage loan.
Instant Online Value Estimators

The Iron Triangle Of Service: Good, Fast, And Cheap -- PICK TWO. You Can Never Have All Three, As The Saying Goes!
Online Value Estimators are Fast and Free... And Free is the ultimate definition of cheap! So, since you can NOT have all three, and these online instant valuations are Fast and Free, then that means these Estimators can NOT also be Good!
There are many real estate and lending websites offering estimators out there. You can use this if you want a general estimate of your home may be worth. While these can help you decide if it’s worth considering selling or refinancing, these sites tend to dramatically undervalue or overvalue property values. So, using these when selling or purchasing a new place could create unrealistically high or unreasonably low expectations that could cost you thousands of dollars as both a seller or a buyer!
Price Per Square Foot Calculations
Price per square foot calculations are often used by sellers, buyers and unfortunately even by many real estate agents to determine the value of a property in comparison to other recent sales. This approach divides the sale or list price by the above ground square feet to arrive at a price per square foot.
If you are comparing to identical floor plans, with identical finishes and features, built at the same time, by the same builder on lots next to each other and both places have continued to have identical updates, then this approach might yield a meaningful value. However, this is rarely the case since price per square foot calculations do not reflect the many differences in properties like, bed and bathroom configurations, land value and location, views, garage spaces, finishes, updates and improvements, the year the place was built or any of the hundreds of differences between homes.
Mitch Refers To This Calculation As Only Pricing Validation, NOT Pricing Valuation!
Once a property CMA has been completed this calculation can be used to determine if a property has been overimproved or is overpriced within the neighborhood, development or area. If the price per square foot, based on a proper CMA, is dramatically higher than similar nearby places then the property is likely overimproved! Additionally if the price per square foot, based on the CMA, is dramatically lower than the price per square foot based on the list price, then the property is likely overpriced.
USE THESE RESOURCES & TOOLS TO HELP YOU MAKE THE RIGHT MOVE IN THE GREATER INDY AREA
Buyers
Thinking of buying a greater Indianapolis home, condominium or townhouse... While it's easy to see the asking price, let Mitch show you what the property should sell for based on other comparable places in your favorite greater neighborhood or development.
Sellers
Thinking of listing your greater Indy home, condominium or townhouse... Are you curious to know what your place should sell for along with the selling prices, days on market, and list price to sales price ratios of other places in your neighborhood, development or area?
Explore Featured Greenwood Neighborhoods
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
See Greenwood Condominiums & Townhouses Below
( A ) Neighborhoods/Subdivisions ( Menu )
( B ) Neighborhoods/Subdivisions ( Menu )
- BARNES
- BARRINGTON EAST
- BARRINGTON WEST
- BARTON LAKES
- BASS
- BEECH PARK
- BERKSHIRE
- BERKSHIRE SUB
- BLUFF ACRES
- BLUFF CREEK HEIGHTS
- BO-MAR SUB
- BRADFORD PARK
- BRADFORD PLACE
- BRANDYWINE
- BRENTRIDGE ESTATES
- BRENTWOOD
- BRIARSTONE
- BRIARWOOD
- BRIGGS
- BRIGHTON ESTATES
- BROADUS
- BROCKTON MANOR
- BROOKHAVEN
- BROOKSTONE
- BUCKMOOR MANOR
( C ) Neighborhoods/Subdivisions ( Menu )
- CALVERT FARMS
- CAREFREE
- CAREFREE ESTATES
- CARNES
- CARPENTERS
- CEDAR GROVE
- CEDAR HILLS
- CENTRAL PARK
- CHARLES HIATTS
- CHAS HIATTS
- CHATEAUX AT WOODFIELD
- CHERRY TREE
- Cherry Tree Walk
- CLARK
- CLEARBROOK
- CLEARBROOK LAKES
- CLEARBROOK PARK
- CLEARBROOK VILLAGE
- CLEARVIEW
- COBBLESTONE
- COLONIAL MEADOWS
- COLONIAL SPRINGS
- COMMONS AT UNIVERSITY PARK
- CONCORD FARMS
- COOPER PLEASANT PARK
- COOPER SUB
- COOPERS
- COPPERFIELD
- COPPERLEAF
- COUNTRY AIRE
- COUNTRY AIRE ESTATES
- COUNTRY GATE
- CREST VIEW
- CRITCHFIELD
- CROOKED BEND
- CRYSTAL LAKE
( D ) Neighborhoods/Subdivisions ( Menu )
( E ) Neighborhoods/Subdivisions ( Menu )
( F ) Neighborhoods/Subdivisions ( Menu )
( G ) Neighborhoods/Subdivisions ( Menu )
( H ) Neighborhoods/Subdivisions ( Menu )
- HADLEY HIGHLANDS
- HARRISON CROSSING
- HAWKS
- HEATHERWOOD VILLAGE
- HENDERSON
- HENDRICKS
- HERITAGE TRACE
- HERON RIDGE
- HIATTS
- HICKORY
- HICKORY RIDGE
- HICKORY STICK
- HICKORY WOODS
- HIGHLAND MEADOWS
- HIGHLAND PARK
- HOLMAN HEIGHTS
- HOMECOMING AT UNIVERSITY PARK
- HOMECREST
- HONEY CREEK
- HONEY CREEK HEIGHTS
- HONEY CREEK MEADOWS
- HORIZON ESTATES
- HUGHES
- HUNTERS POINTE
- HUNTING CREEK
- HYLTON
( J ) Neighborhoods/Subdivisions ( Menu )
( K ) Neighborhoods/Subdivisions ( Menu )
( L ) Neighborhoods/Subdivisions ( Menu )
( M ) Neighborhoods/Subdivisions ( Menu )
- MADISON HEIGHTS
- MAKENA RIDGE
- MAP OF CUERNAVACA
- MAPLE GROVE
- MARK II
- MARY SUTTON
- Mascari Minor
- MATTIE E BREWERS PLEASANT
- MC CARTYS SUBDIVISION
- MCCARTY ADD
- MEADOW ACRES
- MEADOW GLEN
- MEADOW HILLS
- MEADOW LAKE
- MEADOWGLEN
- MEADOWS AT BAINBRIDGE
- MEADOWS AT UNIVERSITY PARK
- MERIDIAN MEADOWS
- METES & BOUNDS
- MT PLEASANT
( O ) Neighborhoods/Subdivisions ( Menu )
( P ) Neighborhoods/Subdivisions ( Menu )
( R ) Neighborhoods/Subdivisions ( Menu )
( S ) Neighborhoods/Subdivisions ( Menu )
- S LAKE WOOD ADD
- SABLE RIDGE
- SALEM BROOK ESTATES
- SANCTUARY AT HARRISON CROSSING
- SANDERS
- SHADOW HILL
- SHADOW RIDGE
- SHADOW RIDGE VILLAGE
- SHADY CREEK
- SHEEKS
- SHEEKS ADD
- SHEFFIELD PARK
- SHELBY SQUARE
- SHEPARDS
- SHEPHERDS GROVE
- SHILOH RUN
- SILVER SPRINGS
- SIMPSON
- SMART'S
- SMOCKS
- SMOKEY ROW
- SOCKS
- SOUTH CREST ADD
- SOUTH LAKE
- SOUTHERN GREEN
- SOUTHERN PINES
- SOUTHLAKE
- SOUTHWIND ESTATES
- SPRING MEADOW
- SPRINGDALE
- STANLEY
- STONE VILLAGE
- STONEGATE
- STONERIDGE
- STONES BAY
- STONES CROSSING
- STONEY POINT AT HICKORY STICK
- STONEY POINTE VILLAGE
- STONEYBROOK GROVE
- STONEYBROOK SPRINGS
- SUBDIVISION NOT AVAILABLE See Legal
- SUBURBAN
- SUBURBAN ACRES
- SUMMERFIELD
- SUMMERFIELD PLACE
- SUMMERFIELD VILLAGE
- SUNCREST
- SUTTON PARK
- SWEET GRASS
- SWEETGRASS
- SYCAMORE RIDGE SUB
( T ) Neighborhoods/Subdivisions ( Menu )
( V ) Neighborhoods/Subdivisions ( Menu )
( W ) Neighborhoods/Subdivisions ( Menu )
- WAKEFIELD
- WAKEFIELD WEST
- WALKERS
- WALNUT WOOD
- WATERS EDGE
- WESTRIDGE
- WESTSIDE
- WESTVIEW
- WHEATCRAFT
- WHISPER WOODS
- WHISPERING PINES
- WHISPERING TRAILS
- WHISPERING WOODS
- WILLHITE MINOR SUB
- WILLOW LAKES
- WILLOW LAKES EAST
- WIND SONG
- WINDING BROOK
- WINDSONG
- WINDSONG ESTATES
- WINDSONG MEADOW
- WISHARDS
- WOOD CREEK ESTATES
- WOODCREEK TERRACE
- WOODFIELD
- WOODFIELD ESTATES
- WOODGATE
- WOODLAND
- WOODLAND STREAMS
- WOODRIDGE ESTATES
- WYNCREST
Explore Greenwood Featured Condominiums and Townhouses
A B C D E F G H I J K L M N O P Q R S T U V W X Y ZOr See Greenwood Neighborhoods
- ASHTON PLACE
- ASHWOOD
- ASHWOOD CONDOMINIUMS
- BRITTANY GREEN
- CIELO VISTA
- COMMONS AT UNIVERSITY PARK
- EDEN ESTATES
- FAIRWAYS
- GREENWOOD MAPLES
- GREENWOOD TRAILS
- HERON RIDGE
- LIBRARY PARK
- LOFTS OF VALLE VISTA
- MEADOWS AT BAINBRIDGE
- MERIDIAN MANOR
- NO SUBDIVISION
- PARK
- PINEHURST
- POLK VILLAGE
- RESERVE AT ROCKLANE RIDGE
- RESERVE AT ROYAL OAKS
- RESERVE AT TIMBERS EDGE
- ROYAL OAKS
- SHEPHERDS GROVE
- STONES BAY
- SYCAMORE RIDGE SUB
- THE TRACE
- TIMBER CREEK
- VILLAGE PINES OF GREENWOOD
- VILLAS ON THE FAIRWAYS