GREENFIELDS MARKET SNAPSHOT – MAY 2025

Greenfields continues to offer great value for buyers and investors, with rising prices and solid rental returns. While sales activity has dipped slightly, demand for well-priced homes remains strong.

HOUSE PRICES RISING

The median house price in Greenfields has climbed to $595,000 — up 19.7% in a year and more than double the figure from five years ago.

SALES

IThere were 265 residential sales in the 12 months to May — down 13% from the year prior. Houses made up the bulk, with 242 transactions. The dip is likely due to limited stock rather than reduced demand.

LISTINGS

Just 13 properties were listed for sale at the end of May — slightly down from 15 last year and well below the long-term average. Stock remains tight across all property types.

LAND

Land values in Greenfields are on the rise, with the median price now sitting at $216,500 — up nearly 20% from 2024. Vacant lots remain tightly held, with limited supply contributing to the upward pressure on prices.

RENTALS

More rentals are entering the higher price bracket, with 15% now leasing for $600 or more per week. Three-bedroom homes remain in demand, with 76 leased at a median of $550 and an average of 20 days on market.