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

$343,373

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,708(+11.2%)

Key Takeaway

Homes in Greer have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Greer was $343,373 in May 2024, up 11.2% 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 $212.4K$220K
+3.6%
3 $275.6K$298.3K
+8.2%
4 $370.1K$449.9K
+21.6%
5+ $467.2K$640K
+37.0%

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 3.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 37%.

Median Sold Price Compared To Nearby Cities

Greer
+12.0%
Greer
+11.2%
Duncan
+6.6%
Lyman
+3.4%
Fairmont Mills
+0.6%

Housing Supply in Greer, SC

How many homes are available in Greer, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
548597+8.9%

Summary: The Greer real estate market had 597 homes for sale in May 2024, a 8.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 4552
+15.6%
3 270295
+9.3%
4 159157
-1.3%
5+ 7492
+24.3%

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 15.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 24.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
117129+10.3%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

33 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. 55.2% of homes here sold below asking price last month.

Summary: A total of 129 homes were sold or pending in Greer in May 2024, up by 10.3% month-over-month. Of the 125 sold homes, 55% were sold under asking, 26% were sold at asking, and 18% 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
43 Days33 Days-21.4%

Summary: Homes in Greer had an average of 33 days on market in May 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 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, 129 homes were sold in Greer; 15% of homes were sold within 30 days, 5% 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 1 Day Ago

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