Market Research Report: 303 Elmwood Dr Properties

Background

The address "303 Elmwood Dr" corresponds to multiple residential properties located in various cities across the United States, including Greensboro, NC; Colorado Springs, CO; Lafayette, LA; and Davison, MI. Each property is unique, reflecting the local real estate market conditions and characteristics of its respective area.

Property Profiles

303 Elmwood Dr, Greensboro, NC 27408

Property Details: A single-family home built in 1951, featuring 4 bedrooms and 3 bathrooms, with a total area of 2,669 square feet on a 0.35-acre lot.

Recent Sale: Sold on July 2, 2025, for $645,000, equating to approximately $242 per square foot.

Market Trends: As of January 2026, the Greensboro area is experiencing a seller's market, with a median sale price of $377,000 and an average of 48 days on the market.

303 Elmwood Dr, Colorado Springs, CO 80907

Property Details: A single-family home built in 1956, comprising 3 bedrooms and 1 bathroom, with a total area of 1,358 square feet on a 6,000 square foot lot.

Recent Sale: Last sold on December 1, 1999, for $117,000.

Market Trends: As of December 2025, the Colorado Springs market is balanced, with homes selling at an average of 15 days on the market.

303 Elmwood Dr, Lafayette, LA 70503

Property Details: A single-family home built in 1962, featuring 3 bedrooms and 2 bathrooms, with a total area of 1,641 square feet on a 9,500 square foot lot.

Recent Sale: Sold on January 22, 2021, for $190,500.

Market Trends: As of November 2025, the Lafayette area is experiencing a balanced market, with a median sale price of $270,000 and an average of 50 days on the market.

303 Elmwood Dr, Davison, MI 48423

Property Details: A single-family home built in 1986, comprising 3 bedrooms and 2 bathrooms, with a total area of 1,072 square feet on a 0.37-acre lot.

Recent Sale: Sold on October 25, 2022, for $173,000.

Market Trends: As of October 2025, the Elmwood area in Illinois is a seller's market, with a median home sale price of $149,000, reflecting a 9.8% increase from the previous year.

Market Insights and Dynamics

Greensboro, NC: The seller's market indicates strong demand and limited inventory, leading to higher sale prices and quicker transactions.

Colorado Springs, CO: A balanced market suggests stable conditions, with neither buyers nor sellers having a distinct advantage.

Lafayette, LA: The balanced market reflects steady demand and supply, resulting in moderate price fluctuations and average days on the market.

Davison, MI: The seller's market indicates increased demand, leading to higher prices and faster sales compared to the previous year.

Competitor Analysis

In each of these markets, local real estate agents and agencies play a significant role in facilitating transactions. For instance, in Greensboro, NC, local agencies are actively involved in the market, while in Colorado Springs, CO, and Lafayette, LA, various real estate firms offer services to buyers and sellers. In Davison, MI, local real estate professionals are integral to the market dynamics.

Strategic Collaborations and Partnerships

Local real estate agencies often collaborate with national platforms to enhance their reach and service offerings. For example, agencies in these areas may partner with platforms to list properties and attract a broader audience.

Operational Insights

The real estate market conditions in these areas are influenced by factors such as local economic health, employment rates, and population growth. Properties in desirable neighborhoods with good schools and amenities tend to sell faster and at higher prices.

Strategic Opportunities and Future Directions

Investors and developers can capitalize on the current market trends by focusing on properties in high-demand areas, particularly those with limited inventory. Renovating older homes to meet modern standards can also attract buyers seeking updated features. Additionally, understanding local market dynamics and consumer preferences is crucial for successful investment strategies.