March 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 April 20, 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 March 2025.

Price Trend in Greenville Real Estate Market

The market trend reflects the home value index for March2025, 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 March 2025

Greenville’s housing market is showing signs of change as we move further into the year. Here’s what the latest numbers mean for buyers and sellers:

More Homes for Sale:  The number of homes available in Greenville jumped by 26% to 4,681. That's a big shift from where we were a year ago. More homes mean more option for buyers and less pressure to make fast decisions.

Sellers Are Listing Again:  New Listings are up 24.6%, so more homeowners are putting their properties for sale. This could be a sign that confidence is returning, even with mortgage rates still in the mid-to-high 6% range.

Home Prices Are Nudging Up: The median sales price in Greenville rose slightly by 1.6% to $315,000, This slight rise shows that prices are holding steady, even as inventory grows.

Homes Still Selling But Slower: While homes are still selling, the pace has slowed down. The average time to sell a home increased to 58 days, up 7.4%. Sellers should expect their home to stay on the market a bit longer than it would have last year.

Closed Sales Are Up: Closed sales in Greenville saw a positive trend, increasing by 13.3% to 1,586 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 March 1, 2025, through March 31, 2025.