Greenwood Hills Homes for Sale
Greenwood Hills is an established Richardson neighborhood made up of several phases and subdivisions with similar home styles, build periods, and price ranges.
Greenwood Hills Market Snapshot
Updated monthly using NTREIS MLS data.
Trends compare the latest month to the prior month and prior year.
Market data reflects combined activity from Greenwood Hills and nearby subdivisions such as Richardson Heights, and Parkview Estates to provide a more reliable monthly snapshot.
Market data includes subdivisions such as Greenwood Hills, Richardson Heights, and nearby similar subdivisions to provide a more reliable monthly snapshot.
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Updated monthly using NTREIS MLS market data. Metrics reflect recent activity in Greenwood Hills
About Greenwood Hills
Greenwood Hills is an established neighborhood in Richardson, TX, originally developed beginning in 1959 and known for its mature trees, larger lots, and consistent housing styles. The area features a mix of traditional and ranch-style homes, many of which have been updated over time while maintaining the neighborhood’s original character. Greenwood Hills also includes nearby communities such as Richardson Heights and Parkview Estates, which share similar home sizes, build periods, and overall market characteristics.
Because homes across these neighborhoods are comparable in age, layout, and price range, market trends tend to move together, making a combined analysis more reliable than evaluating smaller subdivisions individually. Buyer demand in Greenwood Hills is often driven by its established setting, central Richardson location, and access to major commuting routes and employment centers in Richardson, Plano, and North Dallas.
Market performance can vary depending on condition, updates, and pricing strategy, with well-prepared homes typically attracting stronger interest, while others may require more time or adjustments depending on current market conditions.
Living in Greenwood Hills
Living in Greenwood Hills offers the appeal of an established Richardson neighborhood with a strong sense of stability and long-term desirability. The area is known for quiet residential streets, mature landscaping, and homes built during a time when neighborhoods emphasized functional layouts and comfortable lot sizes. Many homes have been renovated or updated, while others retain their original character, giving buyers a range of options depending on preferences and price point.
Greenwood Hills, along with nearby neighborhoods such as Richardson Heights and Parkview Estates, attracts homeowners looking for a central location with convenient access to everyday amenities and major commuting routes. Residents benefit from proximity to U.S. 75, President George Bush Turnpike, and nearby business corridors in Richardson, Plano, and North Dallas.
Because the surrounding neighborhoods share similar housing characteristics, the market often moves together across the area. Updated homes that are priced appropriately tend to see the strongest activity, while others may require more time or pricing adjustments depending on inventory levels and buyer demand.
Greenwood Hills at a Glance
Housing Snapshot
- Average Home Size: 1,673 sq ft
- Average Year Built: 1963
- Number of Homes: 1,484
- Primary Architectural Syles: Traditional, Ranch, Contemporary
- Most expensive home sold: $817,000 sold 4/2024
- Owner Occupied: 92%
Demographics Snapshot
- Population: 3,992 (approx)
- Median Household Income: $87,492
- Median Resident Age: 42 yrs
- College Educated (at least a Bachelor’s): 52%
- Neighborhood Established: 1959
Nearby Greenwood Hills Neighborhoods
What Today's Market Means in Greenwood Hills
Monthly Update
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Selling a Home in Greenwood Hills
Selling a home in Greenwood Hills requires understanding current inventory levels, buyer demand, and recent comparable sales. While well-priced homes continue to attract strong interest, changing market conditions mean that accurate pricing and property condition play a larger role than in previous years. Reviewing recent NTREIS MLS sales, current listings, and buyer activity provides a clearer picture of the market than relying on automated estimates alone.
More Homes for Sale Near Greenwood Hills
Explore more homes for sale near Greenwood Hills, including nearby neighborhoods, popular Richardson area, and surrounding cities. These communities offer a range of home styles, price points, and lifestyles, making it easy to find the right fit for your needs.