Greenville’s housing market is indeed heating up. Average home values have risen by 2.5% to 4.8% over the past year, reaching around $165,000, while the median listing price in April 2025 has surged 6.9% to $170,000. This indicates a strong appreciation trend, making Greenville an attractive market for both buyers and sellers. With a balanced inventory of 33 homes and an average time on the market of 55 to 64 days, the market pace is moderate and conducive to healthy transactions. If you’re considering entering this market, understanding these trends can be essential for making informed decisions, and there’s more to explore to help you navigate this dynamic real estate landscape.
Introduction
As you consider the housing market in Greenville, IL, it’s evident that early 2025 is shaping up to be a promising time for both buyers and sellers. The Greenville real estate trends are revealing a market that is gaining momentum, with several key indicators pointing to a healthy and active market.
Average home values in Greenville have seen a notable increase, with some sources indicating a rise of up to 4.8% over the past year, bringing the average home value to around $165,000. The median listing home price as of April 2025 stands at $170,000, marking a 6.9% year-over-year increase.
Inventory levels are also on the rise, with 33 homes currently for sale, and the number of homes sold has doubled from March. This increase in activity suggests a balanced market, where both buyers and sellers have equal opportunities. Homes are selling after an average of 55 days on the market, indicating a moderate pace that is neither too fast nor too slow.
As you navigate these Greenville real estate trends, it’s crucial to stay informed and seek seasoned guidance to make the most of this favorable market.
Greenville’s housing market is shifting
Greenville’s housing market is undergoing significant changes, reflecting broader trends in the real estate sector. As of early 2025, several key indicators suggest a dynamic and evolving market.
Key Metrics in the Greenville, IL Housing Market
| Metric | April 2025 | Year-Over-Year Change |
|---|---|---|
| Median Listing Home Price | $170,000 | Up 6.9% |
| Median Sold Home Price | $143,000 (median sale price) | Up 27.2% |
| Days on Market | 64 days | – |
| Home Value Increase | Up 2.5% to $165,125 (average) | – |
In April 2025, the median listing home price in Greenville, IL stood at $170,000, marking a 6.9% increase year-over-year. The median sold price, however, was slightly lower at $143,000, but still up a significant 27.2% from the previous year.
Homes are selling relatively quickly, with an average of 64 days on the market. The average home value has also risen, reaching $165,125, a 2.5% increase over the past year.
These trends indicate a balanced market, offering equal opportunities for both buyers and sellers in the Greenville, IL housing market. This balance is essential for maneuvering the market effectively, making seasoned guidance invaluable for those looking to buy or sell properties in the area.
Wall Real Estate’s expertise in the local market
Maneuvering the dynamic housing market in Greenville, IL often requires more than just a general understanding of real estate trends. This is where Wall Real Estate comes into play, offering expertise that can navigate you through the local market with ease. With over 35 years of experience, Wall Real Estate is a stalwart in the Greenville real estate scene, committed to meeting all your real estate needs.
When dealing with a market that is seeing a 6.6% year-over-year increase in home values and a median listing price of $170,000, having a reliable guide is vital. Robert Ellsworth, the Broker/Manager of Wall Real Estate, is a lifelong resident of Bond County and holds an Illinois Broker License. He specializes in first-time buyers, relocation services for FCI and Greenville College residents, as well as commercial property and farm ground. His deep-rooted knowledge of the local market guarantees that whether you are buying or selling, you receive professional and timely assistance.
Wall Real Estate’s extensive experience and local insights make them an ideal partner in Greenville, IL’s housing market. They can help you find or sell a home quickly and efficiently, making the most of the current market conditions. Whether you’re a first-time buyer or a seasoned seller, their expertise can make a significant difference in your real estate journey.
Median Home Value
The median home value in Greenville, IL, has seen a significant upward trend in 2025. As of April 2025, the median listing home price in Greenville stands at $170,000, marking a 6.9% increase year-over-year.
If you’re considering purchasing or selling a home in Greenville, understanding the median home value is vital. This figure provides a snapshot of the local housing market’s health and direction. The current median home value indicates that homes are appreciating, reflecting a strong and growing market.
For context, the average home value in Greenville has also risen, currently sitting at around $165,125, up 2.5% over the past year. This alignment between median listing prices and average home values suggests a consistent and positive trend in the local real estate market.
As you navigate Greenville’s housing market, knowing the median home value helps you make informed decisions. Whether you’re a buyer looking for the right investment or a seller aiming to maximize your return, this metric is important for understanding the market’s dynamics and your potential opportunities.
159,187 average value in Jan 2025 (+6.6%)
As you consider the evolving landscape of Greenville’s housing market, it’s important to look at the average home value as of January 2025, which stood at $159,187. This figure represents a 6.6% increase year-over-year, indicating a robust growth in home values. This upward trend is a significant factor for both buyers and sellers, as it reflects the market’s overall health and attractiveness.
When you explore deeper, you’ll find that the median listing price in April 2025 was $170,000, while the median sold price was $152,000. These numbers suggest a balanced market where buyers have a range of options and sellers can expect reasonable offers. The inventory levels have also seen an increase, with 33 homes for sale, which is a positive sign for market activity.
Homes in Greenville are selling after an average of 55 days on the market, a moderate pace that indicates neither a rush nor a lag. This average days on market metric is vital because it shows that homes are not lingering on the market excessively, making the process smoother for both parties involved. Overall, these trends point to a thriving and balanced housing market in Greenville, ideal for informed decision-making.
Listing and Sold Prices
In the Greenville, IL housing market, the gap between listing and sold prices is an important measure to take into account. As of April 2025, the median listing home price in Greenville stands at $170,000, reflecting a notable increase of 6.9% year-over-year. This uptick indicates a strong demand and growing confidence in the market.
When looking at the median sold price, you’ll notice it is slightly lower, at around the figures suggested for the surrounding area, though specific data for April is not available. However, other sources suggest that median sold prices have been in the range of $152,000 to $189,167 in recent months. This difference between listing and sold prices highlights the negotiation room that exists in the market.
Understanding these prices is vital for both buyers and sellers. For buyers, it helps in making informed offers, while for sellers, it aids in setting realistic expectations. With homes selling after an average of 55 days on the market, the market pace is moderate, suggesting a balanced environment where both parties have equal opportunities. This balance, coupled with the rising home values, makes Greenville an attractive and dynamic housing market.
April 2025: $170,000 listed, $152,000 sold
In April 2025, Greenville, IL’s housing market showcased a median listing home price of $170,000, a figure that’s up 6.9% from the previous year. This uptick in greenville il home prices 2025 indicates a robust and growing market. The median listing price per square foot was $95, highlighting the increasing value of homes in the area.
When looking at the sold prices, the median stood at $152,000. This difference between listing and sold prices suggests that buyers are negotiating, but still, the overall trend is upward. With 33 homes for sale, inventory levels are healthy, providing a balanced market that benefits both buyers and sellers.
Homes in Greenville are selling after an average of 64 days on the market, according to some reports, though other data indicates it could be as low as 55 days. This moderate pace indicates a market that is neither too hot nor too cold, making it an ideal time for buyers and sellers to engage in transactions. As you consider your next move in the greenville il home prices 2025 landscape, understanding these trends can help you make informed decisions.
Inventory and Market Activity
The current inventory in Greenville, IL, stands at 33 homes for sale, indicating a healthy and balanced market. This number suggests that there are ample opportunities for both buyers and sellers, creating a dynamic that favors neither party excessively. The Greenville IL market inventory is diverse, ranging from affordable options to more luxurious homes, catering to a variety of buyer needs.
In terms of market activity, the data is encouraging. The number of homes sold in April doubled compared to March, indicating a surge in buyer interest and activity. Homes are selling after an average of 55 days on the market, which points to a moderate pace. This moderate pace is a sign of stability, as it neither favors a seller’s market with rapid sales nor a buyer’s market with prolonged listing times.
The increased inventory and robust market activity make Greenville’s housing market attractive for those looking to buy or sell. With a balanced market, buyers have a reasonable selection of homes to choose from, while sellers can expect their properties to sell within a manageable timeframe. This balance is essential for maintaining a vibrant and sustainable real estate environment in Greenville, IL.
33 homes for sale, 6 sold in April (double March)
Greenville, IL, saw a significant uptick in home sales in April 2025, with the number of homes sold doubling compared to March. This surge in activity is a clear indicator of the market’s momentum, reflecting both buyer interest and seller confidence.
As of April, there were 33 homes for sale in Greenville, IL, offering a diverse range of options for potential buyers. The median listing price stood at $170,000, while the median sold price was $152,000, suggesting a competitive yet balanced market. For instance, a recently sold home at 521 Charles Ave, a cozy 2-bedroom, 2-bathroom property built in 1940, was sold for $142,500 after being on the market for 90 days.
The average time on the market was 55 days, indicating a moderate pace that benefits both buyers and sellers. This balance is essential, as it suggests equal opportunities for those looking to purchase or sell homes in Greenville, IL. With the number of homes sold in April doubling from the previous month, it’s clear that the housing market is heating up, making it an ideal time for buyers to explore the homes for sale in Greenville, IL.
Days on Market
As you consider the vibrant housing market in Greenville, IL, the time homes spend on the market is a key indicator of its health. The days on market metric provides valuable insight into how quickly homes are selling and the overall demand in the area.
In Greenville, IL, as of April 2025, homes are selling at a moderate pace. On average, homes are going pending in around 67 days, although hot homes can sell even faster, often going pending in about 37 days.
This timeframe suggests a balanced market, where neither buyers nor sellers have a significant upper hand. For potential buyers, this means you have a reasonable amount of time to find and secure a home without feeling rushed. For sellers, it indicates that pricing your home correctly and preparing it for sale can lead to a relatively swift transaction.
Understanding these days on market can help you navigate the Greenville housing market more effectively, ensuring you make informed decisions whether you are buying or selling a home.
Average of 55 days to sell a home
How quickly can you expect a home in Greenville, IL, to sell in the current market? As of April 2025, homes in Greenville are selling at a moderate pace, with an average of 55 days on the market. This timeframe indicates a balanced market, offering equal opportunities for both buyers and sellers.
When considering buying homes in Greenville, IL, understanding the days on market is essential. Here’s a breakdown of key metrics to help you navigate the market:
| Metric | April 2025 |
|---|---|
| Average Days on Market | 55 |
| Median Listing Home Price | $170,000 |
| Median Listing Home Price per Square Foot | $95 |
| Average Homes Sold Below List Price | 4% |
| Time for Hot Homes to Go Pending | 37 days |
This data shows that while homes are taking about 55 days to sell on average, those that are priced attractively or considered “hot homes” can go pending much faster, often within 37 days. For buyers, this means being prepared to act swiftly when finding the right property. For sellers, it underscores the importance of accurate pricing and presentation to attract buyers quickly. The moderate days on market suggest a stable and active housing market in Greenville, IL.
Market Status
The housing market in Greenville, IL, is gearing up for a robust year, with several key indicators pointing to a balanced and active market. As of early 2025, the average home value in Greenville has seen a notable increase. According to the Zillow Home Value Index, the average home value stands at around $165,000, reflecting a year-over-year increase of 2.5% to 4.8% depending on the source.
This balance is evident in the current inventory and sales activity. With 33 homes for sale, the market is not overly saturated, providing equal opportunities for both buyers and sellers. The median listing price of $170,000 and the median sold price of $152,000 in April indicate a healthy market where prices are stable and attractive to buyers.
The average time on the market is approximately 55 days, suggesting a moderate pace that neither favors sellers overly nor leaves buyers waiting. This balanced market status makes it an ideal time for both parties to engage, with seasoned guidance from real estate experts like Wall Real Estate being particularly valuable in steering through these trends. Overall, Greenville’s housing market is poised for continued growth and stability.
Balanced market: what it means for buyers/sellers
In a balanced housing market like Greenville’s, you’re likely to find a scenario where neither buyers nor sellers have a significant upper hand. This equilibrium is characterized by a supply of homes that roughly matches the demand from buyers, creating a stable and predictable environment.
For buyers, a balanced market in Greenville means you have a wider selection of homes to choose from without the intense competition and bidding wars often seen in a seller’s market. You can make more informed decisions, as prices are more predictable, and you’re less likely to feel rushed. The moderate pace of home sales, with properties selling after an average of 55 days on the market, allows for more strategic planning.
For sellers, the balanced market guarantees you can expect fair market value for your property. While you may not achieve the quick sales and multiple offers of a seller’s market, the stability of the market means you can plan more effectively, especially if you’re buying and selling simultaneously. This balance also suggests stable interest rates, making financing more accessible and affordable for both parties. In Greenville’s balanced housing market, you can expect a fair and stable transaction process.
Conclusion
As you navigate Greenville’s housing market, you’re likely to find a stable and predictable environment that benefits both buyers and sellers. The recent trends indicate a balanced market, where home values are rising but not at an alarming rate. Here are some key takeaways to contemplate:
Conclusion
- Stable Home Values: The average home value in Greenville, IL, has seen a moderate increase, with some sources indicating a rise to around $165,125, up 2.5% over the past year.
- Moderate Market Pace: Homes are selling after an average of 64 days on the market, suggesting a moderate pace that neither favors extreme buyer urgency nor seller desperation.
- Opportunities for Both Parties: With a median listing price of $170,000 and a median sold price of $143,000, there are clear opportunities for both buyers and sellers to engage in the market effectively.
This balance makes Greenville an attractive location for those looking to buy or sell homes, offering a relatively stable and predictable environment. Whether you’re selling homes in Greenville, IL, or looking to purchase, understanding these trends can help you make informed decisions and navigate the market with confidence.
Summary and Wall Real Estate’s local insights
Greenville’s housing market presents a robust and balanced environment, with home values and market activity showing significant growth. As of 2025, the average home value in Greenville, IL has seen an increase, with various sources indicating a range from $161,644 to $165,125, reflecting year-over-year growth of up to 4.8%.
For those maneuvering the Greenville IL real estate market in 2025, it’s essential to understand the current trends. The median listing home price has reached $170,000, with a median sold price of around $143,000 to $152,000, depending on the source. Inventory levels are favorable, with 33 homes for sale, and the number of homes sold has seen a notable increase. Homes are selling after an average of 55 to 64 days on the market, indicating a moderate pace.
When considering your next move in the Greenville IL real estate market, working with local experts like Wall Real Estate can provide invaluable insights. Their seasoned guidance can help you capitalize on the balanced market, ensuring equal opportunities for both buyers and sellers. With their local knowledge, you can make informed decisions and maneuver the market with confidence.