Greenville Housing Market Report January 2025•Montcalm County, Michigan

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Housing Prices in Greenville, MI

How much do homes in Greenville, MI cost?

Housing Market Conditions

Is Greenville, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Greenville is a Seller's Market

Difference Since January 2024

Since last year, Greenville has remained a Seller's Market.

Insight

Greenville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$245,333$152/SqFt
-$166
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Greenville has remained the same since last year.

Summary: The median home sold price in Greenville was $245,333 in January 2025, down 0.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$101K$220K
+117.8%
2$183K$170K
-7.1%
3$235K$245K
+4.3%
4$294.9K$300K
+1.7%
5$318.5K$320K
0.5%

Summary: Greenville housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +117.8%. The home price for 2 bedroom homes decreased by -7.1%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes increased by +1.7%. The home price for 5 bedroom homes increased by 0.5%.

Housing supply in Greenville, MI

How many homes are available in Greenville, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
60Last MonthJan 2025
642 months agoDec 2024
-6.3 %
Change MoMDec – Jan

Summary: The Greenville real estate market had 60 homes for sale in Jan 2025, a 6.3 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
16Last MonthJan 2025
242 months agoDec 2024
-33.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
2147
-50.0%
32629
+11.5%
41722
+29.4%
572
-71.4%

Summary: Greenville housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +11.5%. The inventory for 4 bedroom homes increased by +29.4%. The inventory for 5 bedroom homes decreased by -71.4%.

Asking Price vs. Sold Price

How much do homes in Greenville, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price4 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Greenville, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Greenville in January 2025, down by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and and 38% were sold over asking.

Days on Market for Greenville, MI

How long does it take to sell a home in Greenville, MI?

Breakdown of Home Sale Times

Under 30 Days11 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in Greenville are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 16 homes were sold in Greenville; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
30 DaysThis YearJan 2025
44 Days1 year agoJan 2024
-31.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Greenville had an average listing age of 30 days in Jan 2025, down by 31.9% compared to the previous year.

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Newest Listings in Greenville, MI

What homes are available in Greenville, MI?

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Based on information from Michigan Regional Information Center LLC, RealComp II Ltd., and Water Wonderland MLS Inc. for the period 02/01/2023 - 02/01/2025

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.