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May 2025 Greenville Real Estate Market Update
Are home prices going down in 2025? Zillow thinks they might. But what does that mean for Greenville, South Carolina? Let’s take a look.
Zillow Says Prices May Drop
Zillow just shared some big news. They believe home prices across the country could drop by almost 2% next year. That means some homes might sell for a little less in 2025. But every city is different—and Greenville is doing well.
Greenville Is Still Growing
Greenville’s population is going up. That’s good for the housing market. When more people move here, they need homes to live in. This helps keep prices strong. South Carolina is one of the fastest growing states, and Greenville is a big part of that.
Homes Are Still Affordable
Even though prices have gone up, homes in Greenville are still cheaper than in many other parts of the country. People moving from bigger cities are finding better deals here. That helps keep the market busy.
Prices Are Going Up
In Greenville, home prices went up this year. Depending on what you look at, prices increased between 1.7% and 6.2%. Closed sales (homes that sold) also went up by almost 9%. That means many people are still buying homes here.
Watch Our March Market Update Video
Jobs and Wages Are Getting Better
People in Greenville are making more money. Wages went up almost 5% from last year. That helps more families afford homes. Also, Greenville has many different kinds of jobs—like manufacturing, health care, and more. That makes the local economy strong.
Greenville Is Not Like Big Tech Cities
Zillow said that cities with lots of tech jobs—like San Francisco or Austin—might be hit the hardest if the market slows down. But Greenville has a mix of jobs and strong companies like BMW that are growing. That helps keep our market safe and steady.
Final Thoughts
Even though Zillow says home prices may drop in some places, Greenville is holding strong. More people are moving here, prices are still going up, and jobs are growing. That’s good news for buyers and sellers.
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