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 27, 2025


 

December 2024 Greenville Real Estate Statistics

Average Sales Price
$376,959

*2.6% year-over-year increase

Average Sales Price in December 2023: 
$367,447

Median Sales Price
$310,250

*1.5% year-over-year decrease

Median Sales Price in December 2023: 
$315,000

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 2024.

New vs Sold Listing

New vs. Sold Listings

1,299 vs. 1,424

December 2023 New Listings: 1,063

December 2023 Sold Listings: 1,214

There were 1,299 new listings submitted to our MLS last month. That was 22.2% more than the previous year. There were 1,424 homes sold last month, a 17.3% increase year-over-year.

inventory of homes

Inventory of Homes

4,413

Inventory of Home in December2023: 
3,456
*27.7% y-o-year increase

There were only 4,413 active real estate listings in Greenville last month. There were 3,456 active listings last year in December. That’s a 27.7% increase in available homes for sale from the same time a year ago.

Days on Market

54 Days

December 2023: 51 Days

The average days on the market for homes listed in December 2024 was 54 days. That’s 5.9% longer than the same time period last year.

 

Price Trend in Greenville Real Estate Market

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

 

Historical Inventory of Homes for Sale by Month in Greenville Real Estate Market

source: GGAR

 

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



Greenville is a SELLER’s market in December 2024

The Greenville housing market is seeing some interesting shifts, giving buyers and sellers plenty to think about. Here’s a simple breakdown of the latest trends:

More Listings on the Market: Greenville saw a big jump in new listings, up 22.2%. That’s good news for buyers, as more homes are becoming available.

Inventory is Growing: Inventory increased by 27.7%, with 4,413 homes available. This increase in inventory gives buyers more choices than they’ve had in recent years, which could help ease competition.

Home Prices Are Adjusting: The median home price in Greenville is now $310,250, a slight 1.5% drop from last year. This could be good news for buyers looking for slightly better deals. However, sellers might need to adjust their pricing strategies to compete in this shifting market.

Homes Still Selling But Slower: While homes are still selling, the pace has slowed down. The average time to sell a home increased to 54 days, up 5.9%. This indicates that homes are taking more time to sell as buyers weigh their options. Sellers need to be prepared for homes to sit on the market longer than they did in previous years.

Closed Sales Are Up: Despite shifts in other areas of the market, closed sales in Greenville saw a positive trend, increasing by 17.3% to 1,424 homes sold. This suggests that deals that are closing are steady and even improving. This could indicate growing confidence among committed buyers and sellers working to finalize transactions.


WHAT TO EXPECT

Greenville’s market reflects a period of adjustment with more homes to choose from, slightly lower prices, and longer selling times. The rise in closed sales shows there’s still activity in the market for those ready to buy or sell. Sellers, however, should be ready for more competition. It’s a market in transition, offering opportunities for those who can navigate these changing conditions. Whether you're looking to make a move or just keeping an eye on trends, these shifts offer opportunities for all sides.

 

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 December 1, 2024, through December 31, 2024.

 

See previous monthly real estate reports in Greenville