Greenville Real Estate Market: What January 2025 Means for You!
- All About Greenville
- Feb 21
- 3 min read
If you’re thinking about buying or selling a home in Greenville, SC, you’re probably wondering: What’s the market like right now? Understanding the latest real estate trends can help you make informed decisions, whether you're searching for your dream home, selling a property, or investing in the market. Let’s break down the latest numbers from January 2025 and see what they mean for you!
Key Market Statistics Explained
Understanding real estate trends is crucial, whether you’re buying, selling, or investing. Let’s break down the latest numbers and what they mean for you in easy to understand break downs:
Average Days on Market: 61 days (+17.3%) Homes are taking about nine days longer to sell than they did a year ago. This suggests a slightly slower market, giving buyers a bit more time to make decisions. However, well-priced and well-presented homes are still selling quickly.
Percentage of List Price Received: 97.7% (-0.4%) On average, sellers are accepting offers slightly below their asking price. While this small dip may not seem significant, it reflects a shift towards a more balanced market where buyers have a little more room to negotiate.
Average Sales Price: $384,478 (+1.7%) Home values are continuing to rise, but at a slower and steadier pace. This is great news for sellers who are still seeing appreciation, while buyers can feel more confident that prices aren’t skyrocketing out of reach.
Months Supply of Inventory: 3.5 months (+29.6%) Inventory is increasing, meaning there are more homes on the market. While we’re still technically in a seller’s market (anything under 6 months is considered a seller’s market), buyers now have more options to choose from, reducing the intense competition we saw in previous years.
Closed Sales: 977 (+10.9%) More homes were sold compared to January of last year, showing that demand is still strong. Even with longer days on market and more inventory, buyers are actively purchasing homes, which is a positive sign for market stability.
What This Means for Buyers, Sellers, and Investors
For Buyers:
More inventory (+29.6%) means more options, giving you a bit more negotiating power. However, homes are still selling relatively quickly, so don’t sit on a great opportunity for too long! With the average sales price up slightly (+1.7%), home values are holding strong, making now a great time to buy before prices potentially rise further.
Pro Tip: Getting pre-approved before house hunting is a must, this way you’re ready to make a competitive offer when you find the right home.
For Sellers:
While homes are taking a little longer to sell (61 days on average), demand is still solid—closed sales are up 10.9%! Pricing your home correctly is key to attracting buyers and getting top dollar. Even though the percentage of list price received dipped slightly (-0.4%), sellers are still getting nearly full asking price in most cases.
Pro Tip: Staging, organizing, and pricing your home competitively can help you sell faster in this slightly shifting market. I can help or refer you to one of my preferred vendors to maximize your home's potential!
For Investors:
The growing inventory and steady price appreciation make Greenville an attractive market for investors. More inventory means more opportunities, while stable sales prices indicate a resilient market. Whether you’re considering flipping homes or buying rental properties, now is a great time to explore your options.
Pro Tip: Focus on areas with strong rental demand and growing property values to maximize your return on investment. Click the contact me link below and I can help you narrow down the areas that may entice you!
What’s Next?
The Greenville real estate market is showing signs of balance—offering benefits for both buyers and sellers. If you're considering making a move, having the right strategy is key.
📞 Ready to navigate this market with confidence? Contact me today for expert guidance, personalized advice, and access to the best listings in Greenville. Let’s make your real estate goals a reality!
Stay tuned for more updates, and if you have any questions about buying, selling, or investing, I’m here to help!
Want to Dive Deeper Into the Greenville Market or Start Your Real Estate Journey? Check out these free tools:
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