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

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.

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.