Here’s the latest update on the Greenville real estate market. This page is updated every month to keep a running archive of Greenville’s real estate statistics from our local MLS. If you’re moving to Greenville and have questions about Greenville real estate market, don’t hesitate to contact us. We’d love to discuss in detail the activities in our local market. If you’re on the market to sell your home or buy a home, this data will help you gauge if it’s a good time to sell or buy.
The Current State of the Real Estate Market in Greenville
Updated September 15, 2021
August 2021 Greenville Real Estate Statistics
Average Sales Price
$329,153
*13.5% year-over-year increase
Average Sales Price in August 2020:
$289,947
Median Sales Price
$270,000
*12.2% year-over-year increase
Median Sales Price in August 2020:
$240,593
NOTE: The average sales price is the combined average of all sold properties in greater Greenville for the same time period. The median home price is the most common sales price of all the homes sold in greater Greenville from our last month’s sales in August 2021.
New vs. Sold Listings
1,855 vs. 1,534
August 2020 New Listings: 1,795
August 2020 Sold Listings: 1,485
Days on Market
21 Days
August 2020: 47 Days
The Sold listings from August compared to last year at the same time have increased 3.3% while the new listings have increased 3.3%. Greenville’s inventory of homes has seen a slight increase in the last two months.
On average, homes in Greenville County, SC sell after 21 days on the market in August. The trend for median days on market in Greenville County, SC has gone down 4.5% (22 days on market) from July 2021, and 55.3% down compared to last year in the same time period.
Price Trend in Greenville Real Estate Market
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The market trend reflects the home value index for August 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in August 2021
Greenville’s real estate market is still a strong seller’s market. We’re still seeing a low inventory to keep up with buyers demand. Sold homes are up 3.3% from this time last year. The median price is up 12.2% to $270,000 while the average sales price is up 13.5% to $329,153.
We still see homebuyers skipping the home inspection process to get a home under contract and hot properties getting multiple offers. Looking at the numbers, we’re selling more homes than we did last year, and we’re selling them for more money.
The average homes in Greenville go pending in around 21 days, 4% faster than it was in July so the trend for median days on market is favorable to sellers. Sellers choosing to sell their homes are most likely to get 100% or more.
Is it a good time to buy a home in Greenville, SC?
In August, from the home buyer’s perspective, the market is somewhat competitive as the market is still favorable to sellers. Some sellers are not comfortable selling their homes right now, even with record sales prices so there’s still not enough inventory. Buyers are most likely to pay the full price of the property if not a little above the asking price.
Mortgage rates are still at historically low levels and if you are on the market looking to buy a house, you should take action. Even if the market is leaning towards the sellers, some of these market data are showing signs of cooling down.
*Based on information from GGAR, for the period August 1, 2021, through August 31, 2021.
See previous monthly real estate reports in Greenville
Source: GGAH
