Greenville Real Estate Market Statistics
Greenville, SC Real Estate Market Today
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 January 15, 2022
December 2021 Greenville Real Estate Statistics
Average Sales Price
*10% year-over-year increase
Average Sales Price in December 2020:
Median Sales Price
*19.8% year-over-year increase
Median Sales Price in December 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 December 2021.
New vs. Sold Listings
1,123 vs. 1,596
December 2020 New Listings: 1,151
December 2020 Sold Listings: 1,442
There were 1,123 new listings submitted to our MLS last month. That was a 2.4% decrease from the previous year. There were 1,596 homes sold last month, a 10.7% increase year-over-year.
Inventory of Homes
*5.9% year-over-year decrease
Inventory of Home in December 2020:
There were only 2,281 active real estate listings in Greenville last month. There were 2,425 active listings last year at this time. That’s a 5.9% decrease in available homes for sale in one year.
Days on Market
December 2020: 46 Days
The average days-on-the-market for homes listed in December 2021 was 27 days. That’s a 41.3% drop from this same time last year.
Price Trend in Greenville Real Estate Market
The market trend reflects the home value index for December 2021, going back 10 years.
Is Greenville in a buyer’s or seller’s market right now?
Greenville is a seller’s market in December 2021
Greenville real estate market in 2021 also showed what other real estate markets around the country have seen: sales prices reached new heights, not enough inventory of homes, and homes sold in record time, often for well above asking price.
There were only 1,123 new listings for sale last month. Months supply of inventory went down at 5.9 to 2,281 units. Prices moved higher as Median Sales Price was up 19.8 percent to $287,480. The average homes in Greenville go pending in around 27 days, 41.3% faster than it was last year.
Sellers are still experiencing record sales prices, and buyers are still having a hard time finding homes. Experts anticipate that Greenville will continue to have a hot market in 2022, as homes sales are projected to remain strong.
Inventory is slowly coming back, but not fast enough to slow prices down. We still have minimal inventory. Mortgage rates remain at historic lows, attracting home buyers, and homeowners who choose to sell in the coming months can expect to see plenty of buyer activity. We’re still seeing a sellers market ahead.
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 December 1, 2021, through December 31, 2021.