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 December 20, 2021
November 2021 Greenville Real Estate Statistics
Average Sales Price
$334,004
*12.6% year-over-year increase
Average Sales Price in November 2020:
$296,658
Median Sales Price
$285,000
*17.3% year-over-year increase
Median Sales Price in November 2020:
$243,000
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 November 2021.
New vs. Sold Listings
1,398 vs. 1,446
November 2020 New Listings: 1,362
November 2020 Sold Listings: 1,249
There were 1,398 new listings submitted to our MLS last month. That was a 2.6% increase from the previous year. There were 1,446 homes sold last month, a 15.8% increase year-over-year.
Inventory of Homes
2,642
*0.8% year-over-year decrease
Inventory of Home in November 2020:
2,664
There were only 2,642 active real estate listings in Greenville last month. There were 2,664 active listings last year at this time. That’s a 0.8% decrease in available homes for sale in one year.
Days on Market
23 Days
November 2020: 39 Days
The average days-on-the-market for homes listed in November 2021 was 23 days. That’s a 41% drop from this same time last year.
Price Trend in Greenville Real Estate Market
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The market trend reflects the home value index for November 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in November 2021
As we head into the holiday season, activities in the real estate market typically slow down as people take time to travel or get busy for the holiday season. Since our economy is improving, the real estate market remains strong. In Greenville, we are seeing the home buying demand ticking up, bolstered by low-interest rates and a low supply of inventory. It is still a seller’s market. There were only 1,446 homes for sale last month. New Listings were only up for 2.6 percent to 1,398. Months Supply of Inventory remained flat at 1.9, indicating a stabilizing supply-demand balance.
Prices moved higher as Median Sales Price was up 17.3 percent to $285,000. The average homes in Greenville go pending in around 23 days, 41% faster than it was last year. Sellers choosing to sell their homes are most likely to get 100% or more.
We still see homebuyers skipping the home inspection process to get a home under contract and hot properties getting multiple offers.
Is it a good time to buy a home in Greenville, SC?
As temperatures drop, existing home sales continue to be plentiful, buoyed by strong demand, low-interest rates, and a slight uptick in new listings, motivated home buyers hoping to lock in their home purchases can take advantage of historically low rates.
*Based on information from GGAR, for the period November 1, 2021, through November 30, 2021.
See previous monthly real estate reports in Greenville
Source: GGAH
