May 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 June 13, 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 May 2025.

Price Trend in Greenville Real Estate Market

The market trend reflects the home value index for May2025, 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 May 2025

The Greenville housing market continues to shift, with more options for buyers and slightly higher prices for sellers.

More Homes For Sale: Inventory in Greenville jumped nearly 46%, with over 6,100 homes now on the market. That’s a big change from last year and gives buyers more choices than they’ve had in a long time.

More Sellers Listing Their Homes: New listings rose 18.7%, showing that more homeowners are trying to sell. This boost in supply could help balance the market, especially for buyers who’ve been waiting for more variety.

Home Prices Are Nudging Up: The median home price in Greenville is now $322,900, up 2.5% from last year. While it’s not a major jump, it shows prices remain strong despite slower sales.

Time on Market Holding Steady: Homes are taking about 46 days to sell, the same as last year. So while activity has cooled a bit, homes that are priced right are still selling in a reasonable amount of time.

Closed Sales Are Up: Closed sales in Greenville saw a positive trend, increasing by 9% to 1,763 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 balance is slightly leaning more in favor of buyers,  with more homes to choose from and more time to decide. But sellers shouldn’t worry, prices are still going up, just more gradually than before. 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 May 1, 2025, through May 30, 2025.