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 State of the Real Estate Market in Greenville in July 2021
Updated August 11, 2021
July 2021 Greenville Real Estate Statistics
Average Sales Price
$316,115
*13.3% year-over-year increase
Average Sales Price in July 2020:
$276,575
Median Sales Price
$265,000
*12% year-over-year increase
Median Sales Price in July 2020:
$235,000
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 July 2021.
New vs. Sold Listings
2,049 vs. 1,564
July 2020 New Listings: 1,917
July 2020 Sold Listings: 1,609
Days on Market
22 Days
July 2020: 57 Days
The Sold listings from July compared to last year at the same time have decreased 2.8%. While the new listings have increased 6.6%. Greenville’s inventory of homes has seen a slight increase in the last two months.
On average, homes in Greenville County, SC sell after 22 days on the market in July. The trend for median days on market in Greenville County, SC has gone down 8% (24 days on market) from July 2021, and 88.6% 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 July 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in July 2021
While some homes still get multiple offers, the Greenville real estate market is showing signs of cooling down. According to GGAR, the median price for active listings grew 12 percent in July 2021 compared with July 2020 to $265,000. However, that pace of growth in July was lower than the 13 percent increase in July and 16.4% percent increase in May year-over-year. It is one of the indications that the housing market may be returning to a more normal pace.
The average homes in Greenville go pending in around 22 days, 2% faster than it was in July so the trend for median days on market is still favorable to sellers. Sellers choosing to sell their homes are most likely to get 100%.
Is it a good time to buy a home in Greenville, SC?
From the home buyer’s perspective, the market is somewhat competitive as there are still more buyers looking for Greenville real estate in July than sellers. Buyers are most likely to pay the full price of the property if not a little above the asking price.
With mortgage rates at historically low levels and the demand for houses are starting to cool down, buying a home in Greenville will get easier. Interest rates have remained low throughout 2021 and are expected to remain low for the months to come.
*Based on information from GGAR, for the period July 1, 2021, through July 31, 2021.
Source: GGAH
