Greenwood Real Estate Market Steadies with Modest Growth and Buyer Momentum

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Market Snapshot

As of May 2025, Greenwood's median home price stands at $359,466, up slightly from the previous month. This positions Greenwood as one of BC’s most affordable communities for homeownership. - Single-family homes: Median price $452,919 - Apartments & small dwellings: Typically $300,000+ - Average days on market: Down to 93 days from 144 - Listing growth: Active listings rose 14.29% month-over-month

What’s Driving the Market?

Greenwood's real estate values have grown 3.5% year-over-year, with local agents noting increased buyer interest from retirees and urban escapees. The population has increased 7.1% since 2020, reaching 15,000 in the broader area—driving a modest but steady demand for homes. Additionally, a notable reduction in days on the market suggests homes are selling faster, likely due to Greenwood's affordability and rural appeal.

Investment Opportunity

Investors are keeping an eye on Greenwood for two key reasons: 1. High owner-occupancy rate: At 91.6%, Greenwood offers stability in its residential base. 2. Low rental saturation: With only 8.4% renter occupancy, there's clear potential to grow the rental housing supply.

Outlook: Cautiously Positive

While Greenwood remains a relatively insulated market, potential headwinds include provincial interest rate hikes and shifting federal housing policies. However, its low entry prices and small-town infrastructure offer stability. The balanced growth in listings, pricing, and population all suggest Greenwood is well-positioned for sustainable development, particularly for investors and families looking to plant roots.

Greenwood’s blend of affordability and livability make it a rising star in the BC interior!

Main Street, Greenwood, BC – A hub of history and small-town revitalization