Why Live in Greenwood
Greenwood, located about 12 miles south of Fort Smith in the Arkansas River Valley, is a community of nearly 10,000 residents known for its top-rated schools and strong business climate. The Greenwood School District, encompassing Greenwood Elementary, Middle, Junior High, and High School, is highly rated and offers specialized programs including STEM and gifted education. The local economy is supported by manufacturing companies producing items like corrugated boxes and medical treatment tables. Housing options range from ranch-style and newer brick-built homes to spacious, multi-level modern homes in subdivisions like East Village. Recreational opportunities abound with the Arkansas River nearby for boating and fishing, and city parks offering athletic amenities and hiking trails. Bell Park hosts the annual Fall Festival, while City Square is the hub for community events like the 4th of July Freedom Fest. Retail and dining options are concentrated along Center Street, featuring stores like Walmart and Harps Food Stores, and eateries such as The Dari and Lin’s House. Greenwood is conveniently connected to Fort Smith via U.S. Highway 71, with Fort Smith Regional Airport just 15 miles away. The area experiences hot summers and mild winters, with rainstorms being the most common severe weather event.
Home Trends in Greenwood, AR
On average, homes in Greenwood, AR sell after 58 days on the market compared to the national average of 50 days. The median sale price for homes in Greenwood, AR over the last 12 months is $238,900, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$238,900
Median Single Family Sale Price
$260,750
Average Price Per Sq Ft
$159
Number of Homes for Sale
57
Last 12 months Home Sales
188
Median List Price
$270,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
6%