Greenville Real Estate Market Update - Jan 2025

The local housing market remains steady, with a median sale price of $314,900, indicating that home prices are holding strong. Homes are sitting on the market for an average of 54 days, suggesting that while buyers have a bit more time to shop compared to last year, well-priced homes are still selling. With 3.3 months of inventory, the market leans slightly toward sellers, but buyers have more options than in an ultra-competitive market.

For buyers, this means you’ll have some breathing room to explore homes, but with a list-to-sale price ratio of 98.2%, sellers are still getting close to their asking prices. If you find a home you love, don’t expect deep discounts. For homeowners thinking about selling, demand remains steady—1,424 homes sold last month, showing that buyers are still active. However, with 4,413 active listings, competition is increasing, making pricing and presentation more important.

Overall, the market is balanced, favoring neither buyers nor sellers too heavily. If interest rates stabilize or decrease, buyer demand could increase, pushing prices up. For now, both buyers and sellers should approach the market with realistic expectations—buyers should be ready to act when they find the right home, and sellers should ensure their pricing strategy is competitive.