Is Greer, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greer is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Greer has remained a Seller's Market.

Key Takeaway

Greer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greer, SC

How much do homes in Greer, SC cost?

Median Sold Price

$347,200

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,300(+12.0%)

Key Takeaway

Homes in Greer have sold for 12% more than they did a year ago.

Summary: The median home sold price in Greer was $347,200 in May 2024, up 12% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$70.5K
N/A
2 $214.9K$224.9K
+4.7%
3 $274.9K$299.4K
+8.9%
4 $377.8K$450K
+19.1%
5+ $465.6K$645K
+38.5%

Summary: Greer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 38.5%.

Median Sold Price Compared To Nearby Cities

Greer
+12.0%
Greer
+11.2%
Taylors
+9.9%
Duncan
+6.6%
Lyman
+3.4%

Housing Supply in Greer, SC

How many homes are available in Greer, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
507554+9.3%

Summary: The Greer real estate market had 554 homes for sale in May 2024, a 9.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 4553
+17.8%
3 246266
+8.1%
4 149151
+1.3%
5+ 6783
+23.9%

Summary: The Greer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 23.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
108123+13.9%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greer, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 123 homes were sold or pending in Greer in May 2024, up by 13.9% month-over-month. Of the 119 sold homes, 56% were sold under asking, 24% were sold at asking, and 19% were sold over asking.

Days on Market for Greer, SC

How long does it take to sell a home in Greer, SC?

Average Sale Time

May 2023May 2024CHANGE
46 Days33 Days-28.8%

Summary: Homes in Greer had an average of 33 days on market in May 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greer are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 123 homes were sold in Greer; 15% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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