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 February 16, 2022
January 2022 Greenville Real Estate Statistics
Average Sales Price
*7.8% year-over-year increase
Average Sales Price in January 2021:
Median Sales Price
*17.9% year-over-year increase
Median Sales Price in January 2021:
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 January 2022.
New vs. Sold Listings
1,271 vs. 1,111
January 2021 New Listings: 1,471
January 2021 Sold Listings: 1,042
There were 1,271 new listings submitted to our MLS last month. That was a 13.6% decrease from the previous year. There were 1,111 homes sold last month, a 6.6% increase year-over-year.
Inventory of Homes
*8.0% year-over-year decrease
Inventory of Home in January 2021:
There were only 2,097 active real estate listings in Greenville last month. There were 2,279 active listings last year in January. That’s a 8.0% decrease in available homes for sale in one year.
Days on Market
January 2021: 40 Days
The average days-on-the-market for homes listed in January 2022 was 31 days. That’s a 22.5% drop from the same time last year.
Price Trend in Greenville Real Estate Market
The market trend reflects the home value index for January 2022, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in January 2022
Greenville real estate market continues to favor sellers as median sales price was up 17.9 percent to $280,000 and days on market decreased 22.5 percent to 31 days. Months supply of homes was down to 6.3 percent indicating that there’s more demand than supply.
For many buyers, 2022 marks a new opportunity to make their home purchase as mortgage rates are still low compared to what we see in the last few years. However, home buying won’t be without challenges as we still don’t have enough inventory to meet the demand, competition remains tough, and soaring sales prices also reduce the purchasing power of some buyers.
Is it a good time to buy a home in Greenville, SC?
Mortgage rates are still low, motivated home buyers hoping to lock in their home purchases can take advantage of historically low rates. In this hot market, it’s essential to have a good real estate agent and mortgage lender to help navigate through this challenging market.
*Based on information from GGAR, for the period January 1, 2022, through January 31, 2022.