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 October 20, 2021
September 2021 Greenville Real Estate Statistics
Average Sales Price
$326,188
*14.43% year-over-year increase
Average Sales Price in September 2020:
$285,048
Median Sales Price
$268,990
*14% year-over-year increase
Median Sales Price in September 2020:
$235,968
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 September 2021.
New vs. Sold Listings
1,732 vs. 1,636
September 2020 New Listings: 1,641
September 2020 Sold Listings: 1,584
Days on Market
23 Days
September 2020: 54 Days
The Sold listings from September compared to last year at the same time have increased 3.3% while the new listings have increased 5.5%. Greenville’s inventory of homes has seen a slight increase in the last two months.
On average, homes in Greenville County, SC sell after 23 days on the market in September. The trend for median days on market in Greenville County, SC has been up 9.5% (21 days on market) from August 2021, and 60.3% 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 September 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in September 2021
Greenville’s real estate market is still a seller’s market. There were only 2,961 homes for sale last month. We’re still seeing a low inventory to keep up with buyers demand. Sold homes are up 3.6% from this time last year. The median price is up 14% to $268,990 while the average sales price is up 14.43% to $326,188.
We still see homebuyers skipping the home inspection process to get a home under contract and hot properties getting multiple offers. Looking at the numbers, we’re selling more homes than we did last year, and we’re selling them for more money.
The average homes in Greenville go pending in around 23 days, 9% slower than it was in August, even so, the trend for median days on market is still favorable to sellers as compared to last year, homes were selling at an average of 54 days. Sellers choosing to sell their homes are most likely to get 100% or more.
Is it a good time to buy a home in Greenville, SC?
In September, from the home buyer’s perspective, the market is somewhat competitive as the market is still favorable to sellers. Some sellers are not comfortable selling their homes right now, even with record sales prices so there’s still not enough inventory. Buyers are most likely to pay the full price of the property if not a little above the asking price.
Mortgage rates are still at historically low levels and if you are on the market looking to buy a house, you should take action. Even if the market is leaning towards the sellers, some of these market data are showing signs of cooling down.
*Based on information from GGAR, for the period September 1, 2021, through September 30, 2021.
See previous monthly real estate reports in Greenville
Source: GGAH
