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If you are a home buyer or real estate investor, Greenville definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Stacker compiled a list of places with the fastest growing home prices in Greenville County, SC using data from Zillow. Places are ranked by the dollar change Zillow Home Values Index for all homes from October 2021 to October 2022. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 10 cities and towns with data available were included in the list. Charts for each place show the monthly typical home value since January 2018.
After you have run an initial comps search you have to carefully select what home sales you want to include in your valuation. Not all returned home sales are arms-length-transactions, that is property sales conducted between two independent and unrelated parties. You would not want to include, when estimating your property value, sales between family members, non-profit organizations or any other sale that is performed at a below-market price. This types of sales will bring the estimated value of your home down. Homes in Greenville receive 3 offers on average and sell in around 41 days.
How to buy a home in Greenville, SC
Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data. The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood.
Appreciation rates are so strong in Greenville that despite a nationwide downturn in the housing market, Greenville real estate has continued to appreciate in value faster than most communities. Based on the last twelve months, short-term real estate investors have found good fortune in Greenville. Greenville appreciation rates in the latest quarter were at 4.91%, which equates to an annual appreciation rate of 21.13%. Homes for sale in Greenville, SC have a median listing home price of $335,000. There are 1171 active homes for sale in Greenville, SC, which spend an average of 45 days on the market.
Greenville County Housing Market Trends
The average sale price of a home in Greenville was $358K last month, up 19.6% since last year. The average sale price per square foot in Greenville is $201, up 21.8% since last year. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity.
As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . In the last 10 years, Greenville has experienced some of the highest home appreciation rates of any community in the nation. Greenville real estate appreciated 120.31% over the last ten years, which is an average annual home appreciation rate of 8.22%, putting Greenville in the top 20% nationally for real estate appreciation.
Greenville County Housing Market
Do a comparables search on your target home that queries recently sold homes in your area. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Flood risk in Greenville is increasing slower than the national average. People in Greenville primarily live in small single-family detached homes. Greenville has a mixture of owner-occupied and renter-occupied housing.
On PropertyShark, you can use a wide array of filters and search criteria when running a comparables search. To estimate the value of your home or the property you want to buy you can pull out recently sold homes that are located within a specific distance (e.g. 1 mile) from your target home. On PropertyShark.com we provide you with professional tools to estimate your home or property value.
77% of Greenville homebuyers searched to stay within the Greenville metropolitan area. New York homebuyers searched to move into Greenville more than any other metro followed by Los Angeles and Washington. In Sep '22 - Nov '22, 23% of Greenville homebuyers searched to move out of Greenville, while 77% looked to stay within the metropolitan area.
The fourth floor is a great place to create an office or study area for the kids, or maybe a good space for a minibar. Outside you will find an amazing 595 sq ft rooftop terrace with gas grill connection, pre-wired cable connection, and accent lighting. Located near the intersection of North Main Street and Stone Avenue, Noma City Terrace is convenient to Downtown entertainment, fine dining, shopping, and local parks.
The average homes sell for about 1% below list price and go pending in around 25 days. The average homes sell for about 2% below list price and go pending in around 41 days. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. In October 2022, Greenville County home prices were up 10.8% compared to last year, selling for a median price of $332K.
These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level.
On average, homes in Greenville County sell after 43 days on the market compared to 41 days last year. There were 622 homes sold in October this year, down from 778 last year. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. Single-family detached homes are the single most common housing type in Greenville, accounting for 47.08% of the city's housing units. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
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