Greenfield, WI Real Estate

Greenfield Properties

Engulfed in rich history, the city of Greenfield has become a prominent southwestern suburb of Milwaukee County. Since its establishment in 1839, the city’s proximity has been reduced, but its population has increased by more than 9,000 percent. The city’s boundary lines are so irregular that it is tricky to define the exact location of the area at times. Populated by 36,130 people, Greenfield has developed into a city of prosperity.

Real Estate
There is a wide selection of homes in Greenfield. The selection of single-family homes includes three-bedroom Ranches, Tudors with old world charm, Cape Cods, and custom built homes. The average price of a home in Greenfield is $170,280 with the cost of living at 12.96 percent below the U.S. average.

Amenities
The Greenfield Parks and Recreation Department is highly invested in helping enhance the development of the community. The department provides programs, special events, and services to the community. The events offered include Pilates Plus, water fitness classes, and “Kidnastics” which are held at various public buildings. Recently, the department has asked residents to participate in the funding for the renovation of a building for a community center.

Shopping plazas are conveniently established throughout the area. Residents can enjoy fine dining in the Greenfield area from all cultures. Kopp’s Frozen Custard is a prime location for a fantastic original hamburger in the area. With their menu filled with American cuisine, Kopp’s is known as a local favorite in Milwaukee County.

History
In 1839, the town where Greenfield is based was developed through land sales by the United States government. With more than the 300 resident limit in town the area became the Town of Kinnickinnic on March 8, 1839. The land area met the required population, so the southern half of town was separated and named Franklin on December 20, 1839. A lawyer from New York, Olney Harrington and his family, moved to Kinnickinnic in 1837. Harrington became the town’s postmaster and named the post office Greenfield, which was a very popular name at the time.

After the city of Milwaukee experimented with new communities and annexing land from Greenfield, the town lost half of its remaining land. Incorporated in 1957, Greenfield was left with odd boundaries lined around the city.

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Schools
Market Conditions
Market Conditions for Greenfield - April 2020 | Shorewest Realtors®
April 2020

Market Conditions for Greenfield

Median Sale Price Graph

Median Sale Price

The median sale price for homes in April was $215,250. The median sales price for homes in April fell by ($7,250) compared to last month. This represents a 3.25% decrease from March. Compared to the same month last year, the median price of homes rose by $21,850 representing a 11.29% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale remained level in April to 52. Compared to the same month last year when there were 42 homes for sale, the inventory of homes for sale has risen by 10 representing a 23.8% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 40 homes sold in April was 6 more than in March. This represents a 17.64% increase in sales from March. Compared to the same month last year, the number of homes sold decreased by 1, a -2.43% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in April (21) decreased by 14 days compared to March. This represents a 40% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 6, a 40% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 99.39% in April rose by 1.88% compared to March and decreased 1.29% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in April (34) fell by 11 compared to March, a 24.44% change. Compared to April 2019, the number of new listings decreased by 27, a -44.26% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in April was $237,400. The median list price for homes in April rose by $27,500 compared to last month. This represents a 13.1% increase from March. Compared to the same month last year, the median list price of homes increased $42,500 representing a 21.8% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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