Fresh insights for buyers, sellers, and investors from Morton’s Realty

If you're keeping an eye on the Greenwood housing market, June 2025 has brought some interesting shifts. Here's your comprehensive update—with the latest data, trends, and actionable insights for navigating today’s market confidently.

📉 Median Home Prices: Mixed Signals

  • Realtor.com reports the median listing price in Greenwood city at $285,000 in May 2025, marking a 5% decrease year-over-year (realtor.com).

  • Meanwhile, Redfin shows a median sale price around $258,000 in May, surprisingly up 32.8% from last May (redfin.com).

Why the disparity? Sellers are listing higher, but actual sale prices and volume suggest strong demand—possibly fueled by limited inventory and buyer urgency.

🏡 Market Supply & Demand Snapshot

  • Inventory has rebounded: Rocket Homes reported about 78 listings in May—a 12.2% increase from April (rocket.com).

  • New listings hit 134 in April, up from 78 in February (fred.stlouisfed.org).

  • Sales volume rose: Redfin notes 34 homes sold in May, a 78.9% year-over-year jump, though median days on market climbed to 84 days (redfin.com).

Greenwood has shifted from a winter buyer’s market to a more balanced, now slightly competitive landscape.

⏱ Days on Market & Sale Pace

  • Homes are lingering longer: Redfin reports average days on market at 84, compared to 48 last May—a 75% year-over-year increase (redfin.com).

  • Rocket Homes shows 104 days average in May, up nearly 900% since April. Despite slower pace, 50% of properties still sold below asking price, so buyers maintain some leverage (zillow.com).

This indicates a more deliberate buyer base, though multiple offers still emerge for standout homes.

🏷 Price Per Square Foot Trends

Variation comes from comparing listing vs. selling prices, as well as older resale homes versus new inventory.

🌐 County-Level Context

  • Greenwood County summary:

    • Median sale price: $267,000, up 4.4% year-over-year (redfin.com)

    • Homes sell in ~66 days, compared to 56 days last year (redfin.com)

    • Sale-to-list ratio: ~98.3%, with 28% selling above list (redfin.com)

County stats show moderate growth and healthy activity, though not as dramatic as city-level gains.

📈 Rental Market Insight

  • Average Greenwood rent is $901/month, up 4.6% year-over-year—about 45% below national averages (apartments.com).

This strong but affordable rental market could attract investors and provide rental security for homeowners.

🔍 What’s Driving the Market?

  1. Supply & Demand Shifts
    Inventory dipped in early 2025, giving sellers power—but this spring's rebound has eased the heat.

  2. Price Adjustment
    Sellers are listing higher, but negotiations and below-asking sales indicate a recalibration aligning with what buyers can afford.

  3. Balanced Buyer Interests
    Continued job growth in manufacturing and research, modest interest rate hikes, and our local economic strength support a sturdier market.

  4. Seasonal Recovery
    Spring and early summer traditionally bring more listings; April and May saw notable inventory increases.

🧭 What Buyers & Sellers Should Know

For Buyers:

  • More options ahead: Spring listings provide variety and negotiating room.

  • Still competitive: Up to 28% of homes still sell above asking, so strong, clean offers are advisable.

  • Price wisely: Median sale prices ($258k–$285k range) suggest realistic budgets are key.

  • Focus on quality: Priced-at-market or under-budget homes in desirable condition tend to sell faster.

For Sellers:

  • Set the right price: Overpricing slows deals—50% selling below list shows pricing matters.

  • Refresh before listing: Homes in great condition appeal faster and with less discounting.

  • Seasonal advantage: May/June listings capitalize on peak buyer activity—but consider mid-summer if marketplace softens.

💵 Tips for Investors

  • Rental plays look strong: With sub-$1,000 rents and steady job growth, buy-to-rent strategies remain viable.

  • Fix-and-flip opportunities: Houses priced below median may still yield solid profits, especially in turnkey condition.

  • Stay local: Greenwood’s mix of aging homes and newer inventory provides scope for diverse investment tactics.

🧩 The Bigger Picture

  • The U.S. housing market has cooled slightly overall, with national home sales down 0.2% in Q1 2025 (redfin.com, rocket.com).

  • Locally, Greenwood’s numbers contrast national stagnation, showing positive growth and resilience.

  • Regional factors—job stability, affordability, and demographic trends—are bolstering Greenwood's housing stability and steady appreciation.

👁 Looking Ahead: June & Beyond

Expect market stability through mid-2025:

  • Inventory should remain above winter lows—roughly 100–140 active listings.

  • Prices likely stay steady in the $260,000–$290,000 range.

  • Selling timelines may settle around 80–100 days.

  • Investor demand may rise as rent growth continues.

  • Interest rates hold in mid‑6% range, keeping affordability in check.

🔑 Takeaway

Greenwood’s real estate market in June 2025 is balanced, leaning slightly seller-friendly—but buyers still hold significant leverage. With rising listings and negotiable terms, both first-time buyers and investors can find opportunities in well-priced, high-callout homes.

📞 Need Guidance?

Whether you're buying, selling, or investing in Greenwood, Morton’s Realty has the local insight and strategy to help you move smart in this evolving market. Contact us today to explore your options.