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 April 21, 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 March 2024.

There were 1,991 new listings submitted to our MLS last month. That was 1.5% more than the previous year. There were 1,378 homes sold last month, a 3.7% decrease year-over-year.

There were only 4,215 active real estate listings in Greenville last month. There were 2,996 active listings last year in March. That’s a 40.7% increase in available homes for sale from the same time a year ago.

The average days on the market for homes listed in March 2024 was 54 days. That’s 6.9% 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 Seller’s market in MARCH 2024

The spring selling season is upon us, and the Greenville real estate market is reflecting some interesting trends. Existing-home sales in the U.S. have been on the rise for the past two months, and Greenville real estate market seems to be following suit. Nationally, Sales surged by 9.5% to a rate of 4.38 million units, which is a significant jump and surpassed economists’ predictions. This suggests a strong demand from buyers, especially as we head into the spring selling season.

Locally, the numbers reflect this trend. Here's a breakdown of the key data for Greenville:

More Choices for Buyers: Good news for those looking to buy a home in Greenville. The number of new listings has increased by 40.7%, reaching 4,215 units. This translates to a wider selection of properties on the market, giving buyers more options to consider and also ease some of the competition among them.

Prices Remain Upward: While there are more homes available, prices haven't dipped significantly. The median sales price has increased by 3.7% to $311,000. This suggests that despite the increase in inventory, demand is still strong enough to support price growth.

Faster Sales: The time it takes for a home to sell has decreased slightly. On average, homes are now spending 54 days on the market. This trend benefits sellers who can expect a quicker turnaround on their property.

Seller’s market on the Horizon?: While the market in Greenville is experiencing some fluctuations in sales, the general trend seems positive for sellers, with prices rising and properties selling relatively quickly. For buyers, the increase in inventory could provide more choices, but they may still face competition in certain segments of the market.

What to Expect:

The Greenville market appears to be stabilizing. Buyers will benefit from a wider selection, while sellers should still see strong interest in their properties. However, with things moving faster, it's crucial for both buyers and sellers to be prepared to act quickly and strategically.

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 March 1, 2024, through March 31, 2024.