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 March 24, 2024

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 February 2024.

There were 1,863 new listings submitted to our MLS last month. That was 24.3% more than the previous year. There were 1,151 homes sold last month, a 11.9% increase year-over-year.

There were only 4,010 active real estate listings in Greenville last month. There were 2,957 active listings last year in February. That’s a 35.6% increase in available homes for sale from the same time a year ago.

The average days on the market for homes listed in February 2024 was 57 days. No change from 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 Seller’s market in FeBRUARY 2024

February shows that the Greenville real estate market is quite balanced, however leaning favorably on the seller side. February saw a promising 24.3% increase in new listings, totaling 1,863 properties. Inventory levels also grew by 35.6%, reaching 4,010 units, yet this expansion might not suffice to meet demand.

Despite the inventory increase, the median sales price surged by 3.1% to $299,900. This price surge could be attributed to persistent demand. The number of homes sold increased by 11.9% to 1,151 units. Home prices have moved higher, with the average sales price increasing by 4.6% to $357,144. Days on market held steady at 57 days, suggesting stability in the pace of transactions. The Months Supply of Inventory also rose by 39.1% to 3.2 months, suggesting a relative upturn in supply against demand. This means there's a bit more competition among sellers.

Nationally, the latest data from the National Association of REALTORS® (NAR) reflects a dynamic landscape with both challenges and promising developments of the U.S. existing-home market. More people in the US bought previously owned homes in February compared to January. This increase was better than what experts predicted and was the strongest since August 2023. One reason for this is that interest rates on loans went down towards the end of last year. Also, there are more homes available for sale now compared to before.

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 February 1, 2024, through February 29, 2024.