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 State of the Real Estate Market in Greenville in June 2021
Updated July 12, 2021
June 2021 Greenville Real Estate Statistics
Average Sales Price
*14.1% year-over-year increase
Average Sales Price in June 2020:
Median Sales Price
*13.0% year-over-year increase
Median Sales Price in June 2020:
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 June 2021.
New vs. Sold Listings
1,957 vs. 1,764
June 2020 New Listings: 1,736
June 2020 Sold Listings: 1,603
Days on Market
June 2020: 55 Days
The Sold listings from June compared to last year at the same time have increased 9.5%. The same for New listings which increased 11.9%. 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 24 days on the market in June. The trend for median days on market in Greenville County, SC has gone down 25% (31 days) from May 2021, and 78.4% down year-over-year.
Price Trend in Greenville Real Estate Market
The market trend reflects the home value index for June 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in June 2021
Like many real estate markets around the country, Greenville is still a hot seller’s market. Even with record sales, some sellers are not comfortable selling their homes right now and that affects the inventory of homes. Hot properties continue to see multiple offers. Some homebuyers are skipping the home inspection process to get a home under contract. The competition for hot properties is so fierce, some people are buying homes sight unseen and try other tactics to come up on top of the bidding war.
Sellers choosing to sell their homes are most likely to get 100% or above the asking price and go pending in around 24 days. On average, homes in Greenville, SC sell after 48 days on the market. The trend for median days on market in Greenville, SC has gone down since May, and since last year.
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.
*Based on information from GGAR, for the period June 1, 2021, through June 30, 2021.