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 June 2021
May 2021 Greenville Real Estate Statistics
Average Sales Price
$328,568
*24.0% year-over-year increase
Average Sales Price in May 2020:
$265,070
Median Sales Price
$263,000
*16.4% year-over-year increase
Average Sales Price in May 2020:
$225,900
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 May 2021.
New vs. Sold Listings
1,729 vs. 1,493
May 2020 New Listings: 1,534
May 2020 Sold Listings: 1,225
Days on Market
31 Days
May 2020: 49 Days
The Sold listings from May compared to last year at the same time have increased 21.9%. The same for New listings which increased 12.7%. Despite the numbers, Greenville has been on a decrease in inventory for the last few years.
On average, homes in Greenville County, SC sell after 31 days on the market. The trend for median days on market in Greenville County, SC has gone down 35% (40 days) since last month, and 36.7% down year-over-year.
Price Trend in Greenville Real Estate Market
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The market trend reflects the home value index for May 2021, going back 9 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in May 2021
Greenville is in the strongest seller’s market that we have ever seen. The housing market is so hot right now, buyers are priced out of the market. The pandemic has put a strain on our inventory, and sellers are not comfortable selling their homes right now, even with record sales prices. The Greenville area’s MLS should show somewhere between 7,000 and 8,000 homes on the market and yet we are seeing less of that.
The competition for homes is so fierce, some people are even skipping the home inspection process.
Is it a good time to buy a home in Greenville, SC?
From the home buyer’s perspective, the best time of the year to buy a home in Greenville would be in December or January, as our market slows down for the winter during these months. There are fewer buyers, so there’s less competition for properties. The median home price tends to drop in the Winter. Springtime is the peak of our local market with the highest median sales price for the year. Spring buyers are more likely to pay full price or to pay above the asking price.
These trends can always change, but they hold true for the average selling season. Our local home sales in Greenville typically double from the depths of Winter to the peak of Summer.
It’s A Seller’s Market
*Based on information from GGAR, for the period May 1, 2021, through May 31, 2021.
