Greenwood, Indiana – June 2025 Rental & Sales Market Report

📈 Rental Market Overview

• Active Rental Listings: 98 homes on market
• Average Rent: $1,999 (📉 Down 1.25% MoM, ⬆️ Up 4.5% YoY)
• Average Days on Market: 34 days (⬆️ Up 25% MoM, still very healthy)
• Price per Sq Ft (SFH): $1.70 (📉 Down nearly 2%)

🏢 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.

🏘️ Sales Market Overview

• Average Sales Price: Ticking down slightly month-over-month
• Average Days on Market: 31 days (⬇️ Down from May)
• Price per Sq Ft: $167 (⏸️ Unchanged MoM)
• Homes Sold: 123 (⬆️ 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.

💡 Key Investor Insights

• 🎯 Summer leasing cycles boost ROI by $200–$300/month
• 📊 Strong inventory in the $200K–$250K range – perfect entry point for new investors
• 🏠 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

  00:00 Greenwood June 2025 Market Report – Rentals
  All right, let's get into Greenwood.
  Everyone knows I love Greenwood. It is my sister market for Noblesville. Uh, and all these numbers are going to indicate why. So, I'm not going to linger too much on any of this information. This could be your market in a minute right here. Number of active homes. You've got 98 active homes in the market. An average rental price of $19.99. Man, give me a dollar, will you? Uh, so month over month, you're down just over just over one and a quarter, but year-over-year, you're up over four and a half%. Average days on market is 34, which is absolutely stellar, and that's up 25% month-overmonth. But, uh, it's it's incredible days on market in the Greenwood area. As long as you're listening to your property manager, that is. Check back to an earlier podcast if you want the scoop on a couple properties that we had in this area. Your average price per square foot is at a$1.7. So, that's down month over month. Uh, one point almost an unspeakable amount, almost 2%.

  Uh, your apartments and condos at 39. Average rental rate for those 1333 and $132 for your average price per square foot. And then your wonderful town homes at seven of those beauties at 14.95. So, considerably less for a town home when comparing to a single family home. But your average days on market for that is 24. Uh, $1.22 is your average price per square foot. And man, gez, look at this year's trend line. So, I'm uh my eyes are now on the bottom lefthand corner looking at the single family home graphs. Uh and then of course, you got the apartments and condos uh town homes that you can consume there. But the single family homes almost mirrors identically only uh only a hundred bucks more. You know, only a hundred bucks more is what you're getting month over month compared to last last year. But man, that is uh predictable market. And this is this is Yeah, this is seasonality at its finest. I mean, you're ticking into the the beautiful months of May, June, July when you're going to hit peak rents. Uh August is going to start to tick down with schools starting and people starting to set settle down. Uh and then, of course, your your winter months where you're going to see the least amount of activity. Although things are still moving, uh you're still likely going to secure uh probably $100 or a little bit more during your peak season months. So yeah, that's your rental data for Greenwood.

  What's up, Mike?
  Uh yeah, I mean again the seasonality, the graph on the bottom left is super awesome, super predictable. What's interesting to me is um and I haven't paid attention to this on the other ones and maybe just because look at the difference in like say January and August. Uh your average rent's going to be what 17 maybe 50 there in January and then almost 2,000 in uh in August. So I know we harped on this before. We talk about it a lot, but just the importance of trying to get on that like spring summer cycle. Uh I mean according to this graph can mean the difference of couple two 300 bucks in uh in your rental rate. So that's why we are always asking tenants, hey do you want to do a 14-month lease, a 16-month lease, an 18-month lease? If we get somebody who has a renewal coming up in November, that's not ideal. We want it, we honestly we want to be leasing it up in June and July and August, not uh November, December and January. So, uh this graph just speaks to that I think tremendously.
  Absolutely. Yes. I just had a long conversation yesterday about that that with another owner um and seasonality and I just tried to highlight it there, but you're right. It takes a few it's worth taking another minute to mention that yes, seasonality is huge. The importance of having a property manager who's aware of that so that they can make those adjustments when you have a property that's coming up on Thanksgiving Day uh for renewal that tenant moves out. Uh the importance of of them and you being aware of the necessity to try and get this back on a a more positive seasonality uh trajectory is huge.
  Exactly. It makes the difference between potentially another couple hundred per month, 400 bucks a year. That is huge.
  Yeah, that's huge. Yeah. Yeah. Good point.

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  04:06 Greenwood June 2025 Market Report – Sales
  All right, let's get into the sales data.
  Uh, all right. Sales data for Greenwood. Average days on market, we're ticking down at 31, which uh I think I read a report as we were quickly going over some economic news to pull up, but um I think nationally it's right around right around 30. But anyway, average days on market uh down month over month. Average price per square foot 167, which is completely unchanged month over month. Average sales price ticking down. Uh we're seeing this more and more. I'm telling you, we're seeing this more and more slight tick downs. Uh each each month we do these except for Westfield for God's sakes. That market is that's the only one you're seeing a 20% increase month over month. But no, no, in all seriousness, uh we're seeing this consistently month over month where these are ticking down 1% 1% uh 1%.

  So, uh, number of homes sold, uh, you're still selling more than you did last month at 123. And here we are. Average, uh, price over time, we're seeing that tick down in real time here. So, um, it's it's which I mean, honestly, it it looks like we're trending right along with last year. So, uh, buyers market, maybe, maybe not. I don't I don't know. We'll we'll see. If it's not, I refuse to admit it.
  So—
  Balance. Balance.
  Balance. Balance market. Number of homes sold in the bottom right hand corner. Uh awesome little graph so you can see exactly within your budget how many homes are selling and uh and the likeliness that you can pick up a home within your budget um and and how that becomes a reality. So I mean between 200 and $250,000 232 homes sold. So I'd say it's a it's a great market to get in at a great investment uh price point. So, and this is within the investor point of view of under 500,000.

  Mike, anything you want to add about sales data?
  Uh, no. I just I just kind of seeing a trend here that, you know, the last two, three, four, five that we've gone over is this uh sales price over time is kind of um flatlining because it has a bad bad connotation to it. Maybe stalling. I'm not sure. Um, but there's there's definitely it's not just kind of continuing to go up and up and up and up. It's uh and I I think we've talked about it before, but I think it's inventory which is causing the prices to stabilize.
  Yeah. Yeah. For sure. Yeah.
  Yep.

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