Market Overview
Home Prices in Greenwood, DE
The median home value in Greenwood, DE is $289,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Greenwood are priced29% below average. Greenwood is part of the Salisbury, MD-DE metro area.
Over the past five years, Greenwood home values have risen by approximately20.0%, reflecting steady appreciation in this market.
Price History
Greenwood Home Price Trend
City Comparison
Greenwood vs. National Median
At $289,729, homes in Greenwood cost 29% below the national median of $410,000. This makes Greenwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Greenwood?
20% Down Payment
$57,946
on $289,729
Monthly P&I
$1,511/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,919/mo
incl. taxes & insurance
Income Needed
$76,760
gross annual (30% rule)
10% Down Option
$28,973
+ PMI applies
Loan Amount (20% dn)
$231,783
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Greenwood, DE?
The median home value in Greenwood is $289,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Greenwood?
Over the past year, home values in Greenwood have increased by 0.6%. Over five years, prices have risen approximately 20.0%.
How much do I need to earn to buy a home in Greenwood?
To comfortably afford the median home price of $289,729 with a 20% down payment ($57,946) at today's rates (6.8%), you'd need a gross annual income of approximately $76,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Greenwood compare to the national average home price?
The national median home value is approximately $410,000. At $289,729, homes in Greenwood are 29% below the national average.
What metro area is Greenwood part of?
Greenwood is part of the Salisbury, MD-DE metropolitan area. Home prices and market conditions can vary across the broader metro region.