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 May 22, 2024

 

APRIL 2024 Greenville Real Estate Statistics

Average Sales Price
$371,945

*2.6% year-over-year increase

Average Sales Price in April 2023: 
$362,536

Median Sales Price
$310,000

*2.4% year-over-year increase

Median Sales Price in April 2023: 
$302,788

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 April 2024.

 

New vs. Sold Listings

2,226 vs. 1,394

April 2023 New Listings: 1,746
April 2023 Sold Listings: 1,204

There were 2,226 new listings submitted to our MLS last month. That was 27.5% more than the previous year. There were 1,394 homes sold last month, a 15.8% increase year-over-year.

Inventory of Homes

4,493

Inventory of Home in April 2023: 
2,896
*55.1% y-o-year increase

There were only 4,493 active real estate listings in Greenville last month. There were 2,896 active listings last year in April. That’s a 55.1% increase in available homes for sale from the same time a year ago.

Days on Market

48 Days

April 2023: 54 Days

The average days on the market for homes listed in April 2024 was 48 days. That’s 11.1% shorter than the same time period last year.

 

Price Trend in GreenvilleReal Estate Market

The market trend reflects the home value index for February 2024, going back 10 years.

 

Historical Inventory of Homes for Sale by Month in GreenvilleReal Estate Market

source: GGAR

 

Is Greenville in a buyer's or seller's market right now?

Greenville is a BALANCED market in APRIL 2024

The Greenville housing market is experiencing some interesting shifts. Here's a breakdown of what local buyers and sellers need to know:


More Homes Available: Good news if you are looking to buy a home in Greenville. The number of homes for sale has jumped by 55.1% to 4,493, giving you a wider selection. This increase likely reflects sellers taking advantage of the spring season.


Prices Keep Climbing: Although there are more listings, Greenville's housing market remains seller-friendly. The median sales price rose by 2.4% to $310,000, so expect to pay a bit more than before.


Faster Sales: Homes are selling even quicker now, averaging only 48 days on the market. This is a positive sign if you are a seller, because you can expect a faster sale. However, for buyers, this means you need to act quickly.


Is the Market Shifting? The increase in listings suggests there might be a slight shift towards a more balanced market. While there's still more demand than supply, buyers may have a bit more breathing room.

Key Takeaways:

  • There are more homes to choose from in Greenville.

  • Prices are still rising, but at a slower pace.

  • Homes are selling quickly, so be prepared to act fast.

While there are more options for buyers, Greenville's market seems to favor sellers. Be prepared to move quickly and strategically, whether you're buying or selling. Consulting a local real estate agent can be a big help in navigating this dynamic market.

 

Is it a good time to buy a home in Greenville, SC?

As the rising costs of homeownership caused some volatility in demand as more buyers find themselves unable to afford the much higher payment, home prices will likely stay even though the demand has lessened.

Whether this is a good time for you to buy a house in Greenville or not depends on your financial situation, goals, and readiness to become a homeowner. If your situation needs to buy a home now, it pays if you understand what you can actually afford. Shop for mortgage rates and find the best lender that will offer you the best financing option.

In this balanced market, sellers are more inclined to give concessions to attract more buyers. It is one of those times buyers should take advantage of. Therefore, it's essential to have a good Greenville realtor and mortgage lender to help navigate through this market.

 

*Based on information from GGAR, for the period April 1, 2024, through April 30, 2024.