April 2025 Greenville Real Estate Market Update

Are you thinking about buying or selling a home in Greenville, South Carolina? This April, the local real estate market is showing some big changes. Whether you're planning a move or just want to stay updated, here's everything you need to know about what’s going on.

Home Prices Are Still Going Up

In April, we’re still seeing home prices go higher. In fact, the average home price went up by 12% from last month, and the median price went up by 5%. That means homes in Greenville are becoming more valuable. This is good news for people who already own a home—and something to think about for buyers who want to get in before prices rise even more.

More Homes for Sale

The number of homes for sale is also growing. In February, there were 4,780 homes on the market. That’s a 33% increase compared to last year. More homes mean more choices for buyers—but it also means sellers need to be smart with how they price and prepare their homes.

Price Drops Are Back

Here’s something interesting: about 1 in 4 homes had a price drop before they sold. That means sellers are realizing they can’t just ask for any price—they need to be more realistic. Buyers today are paying close attention and have more options, so they’re not rushing into deals unless it feels right.

What About the Luxury Market?

Homes priced between $500,000 and $750,000 saw the biggest jump in listings. These homes are great for people moving up, relocating from bigger cities, or retiring in Greenville.

Even homes priced over $1 million had more buyers. Sales in that range went up by 24.7% compared to last year. More people are moving here from other places and are willing to pay higher prices for beautiful homes.

New Construction = More Competition

If you're a seller, be aware of nearby new construction homes. Builders are offering special deals, so your home needs to stand out. Make sure it looks great, is priced right, and feels move-in ready.

Homes Are Taking a Little Longer to Sell

The average time it takes for a home to sell is now 62 days. That’s longer than in the past when homes sold almost right away. Buyers have more time and more homes to choose from. But if your home is well-maintained and priced right, it can still sell fast—sometimes even with multiple offers.

Watch Our March Market Update Video

What Buyers Should Know

This could be a great time to buy. More homes are available, and you have more time to choose. But if interest rates go down more, more buyers will jump in, and prices could rise even faster. So acting sooner might save you money.

What Sellers Should Know

Sellers still have a lot to be happy about. Prices are going up, and there’s strong demand. But with more homes for sale, there’s more competition. You’ll need to:

• Price your home wisely

• Make it look its best (maybe even do some small repairs)

• Consider a pre-listing inspection to make buyers feel confident

Working with a real estate expert can help you plan the best strategy.

What to Watch Next

Here are a few key things to keep your eye on:

• Interest rates: If they go down, more people may start buying.

• Inventory levels: Are more homes coming, or fewer?

• Closed sales: How many homes are actually selling?

Final Thoughts

Greenville is still one of the top places to live in the country. The National Association of Realtors even named it a top 10 real estate market this year! If you own a home here, you made a smart choice. If you're thinking about buying or selling, now could be the perfect time.