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 November 15, 2021
October 2021 Greenville Real Estate Statistics
Average Sales Price
$324,921
*8.4% year-over-year increase
Average Sales Price in October 2020:
$299,825
Median Sales Price
$275,000
*12.6% year-over-year increase
Median Sales Price in October 2020:
$244,129
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 October 2021.
New vs. Sold Listings
1,713 vs. 1,422
October 2020 New Listings: 1,717
October 2020 Sold Listings: 1,509
There were 1,713 new listings submitted to our MLS last month. That was a .2% decrease from the previous year. There were 1,422 homes sold last month, a 5.8% decrease year-over-year.
Inventory of Homes
2,952
*5% year-over-year increase
Inventory of Home in October 2020:
2,811
There were only 2,952 active real estate listings in Greenville last month. There were 2,811 active listings last year at this time. That’s a 5% increase in available homes for sale in one year.
Days on Market
21 Days
October 2020: 48 Days
The average days-on-the-market for homes listed in October 2021 was 21 days. That’s a 56.3% 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 October 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in October 2021
Greenville’s real estate market is still a seller’s market. There were only 2,952 homes for sale last month. New Listings were down 0.2 percent to 1,713. Months Supply of Inventory remained flat at 2.1, indicating a stabilizing supply-demand balance.
Prices moved higher as Median Sales Price was up 12.6 percent to $275,000. The average homes in Greenville go pending in around 21 days, 56.3% 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 October 1, 2021, through October 31, 2021.
See previous monthly real estate reports in Greenville
Source: GGAH
