January 2025 Greenville Real Estate Statistics

Here's the latest update on the Greenville real estate market. This page is updated every month to keep a running archive of Greenville's real estate statistics from our local MLS. If you're moving to Greenville and have questions about Greenville real estate market, don't hesitate to contact us. We'd love to discuss in detail the activities in our local market. If you're on the market to sell your home or buy a home, this data will help you gauge if it's a good time to sell or buy.

The Current State of the Real Estate Market in Greenville

Updated February 19, 2024

NOTE: The average sales price is the combined average of all sold properties in greater Greenville for the same time period. The median home price is the most common sales price of all the homes sold in greater Greenville from our last month’s sales in January 2025.

Price Trend in Greenville Real Estate Market

The market trend reflects the home value index for January2025, going back 10 years.

Historical Inventory of Homes for Sale by Month in Greenville Real Estate Market

Is Greenville in a buyer’s or seller’s market right now?

Greenville is a BALANCED market in January 2025

The real estate market in Greenville, South Carolina, is showing some interesting trends, according to recent data. While the national market saw a boost in home sales, Greenville’s local market tells a slightly different story. Let’s break it down in simple terms.

Slight Dip of Available Listings on the Market: Nationally, home sales have been rising for three straight months, hitting a 10-month high, with more expensive homes (over $500,000) driving much of the growth. However, in Greenville, the market is experiencing some shifts. New listings dropped by 2.4%, meaning fewer homes are being put up for sale.

Inventory is Growing: On the flip side, inventory (the number of homes available for sale) grew significantly, up 32.4% to 4,638 units. This means there are more homes to choose from compared to last year. 

Home Prices Are Adjusting: The median sales price in Greenville dipped slightly by 2.1% to $305,000, which could be good news for buyers looking for a deal. 

Homes Still Selling But Slower:While homes are still selling, the pace has slowed down. The average time to sell a home increased to 61 days, up 17.3%. This indicates that homes are taking more time to sell as buyers weigh their options. Sellers need to be prepared for homes to sit on the market longer than they did in previous years.

Closed Sales Are Up:Despite shifts in other areas of the market, closed sales in Greenville saw a positive trend, increasing by 10.9% to 977 homes sold. This suggests that deals that are closing are steady and even improving. This could indicate growing confidence among committed buyers and sellers working to finalize transactions.

WHAT TO EXPECT

Greenville’s market is becoming more balanced, with more homes available and prices softening a bit. This could be a great opportunity for buyers to find their next home, while sellers might need to adjust expectations as competition increases. Keep an eye on how these trends evolve in the coming months! Whether you're looking to make a move or just keeping an eye on trends, these shifts offer opportunities for all sides.

Is it a good time to buy a home in Greenville, SC?

As the rising costs of homeownership caused some volatility in demand as more buyers find themselves unable to afford the much higher payment, home prices will likely stay even though the demand has lessened.

Whether this is a good time for you to buy a house in Greenville or not depends on your financial situation, goals, and readiness to become a homeowner. If your situation needs to buy a home now, it pays if you understand what you can actually afford. Shop for mortgage rates and find the best lender that will offer you the best financing option.

In this balanced market, sellers are more inclined to give concessions to attract more buyers. It is one of those times buyers should take advantage of. Therefore, it's essential to have a good Greenville realtor and mortgage lender to help navigate through this market.

*Based on information from GGAR, for the period January 1, 2025, through January 31, 2025.