As we approach the new year – the new decade – Greenville real estate remains some of the most expensive in South Carolina, but the market is currently balanced with a healthy combination of buyers and sellers in the area. Homes, on average, typically receive 1 offer, sell for about 3 % below list price and go into pending status in sixty days or less. However, ‘hot homes’ can sell for list price or even more in less than 30 days. ‘Hot homes’ would be determined by location, price range and amenities.

HOME PRICES AND VALUATIONS IN GREENVILLE, S.C.

[1.5 %] $1,249,000 and up

[3.7 %] $970,001 – $1,249,000

[6.9 %] $518,001 – $647,000

[10.3 %] $388,001 – $518,000

[17.1 %] $259,001 – $388,000

[30.0 %] $129,001 – $259,000

[17.1 %] $65,001 – $129,000

[5.3 %] $0-$65,000

Data source: neighborhoodscout.com

AVERAGE HOME VALUE

$275,787

HOUSING TYPES

47.50% Detached single family homes

36.35% Large apartment style complexes

11.30% Duplexes and small apartment buildings

4.85% Other home styles and dwellings

Data source: neighborhoodscout.com

CURRENT STATS:

1,302 Homes for sale in Greenville

83 homes listed within the last week

$4,500,000 most expensive home currently for sale in Greenville County

194 homes approximate number of homes sold last month

229 rentals with a range of $590 to $3.5K per month

Data source: neighborhoodscout.com

Greenville is experiencing a balanced market, which means the supply and demand of homes are about the same. To note, the scales are tipping towards a seller’s market, which means the supply is less than the demand.

Data source: neighborhoodscout.com

HOME OWNERSHIP

[60.1 %] Renters

[39.9 %] Owners

[12.2 %] Vacant

Data source: neighborhoodscout.com

HOME SIZE

[36.3 %] 2 Bedrooms

[29.9 %] 3 Bedrooms

[16.5 %] One Bedroom

[10.5 %] 4 Bedrooms

[3.6 %] No Bedrooms

[3.3 %] 5+ Bedrooms

Data source: neighborhoodscout.com

AGE OF HOMES

[37.4 %] 1970-1999

[33.4 %] 1940-1969

[19.2 %] 2000 – newer

[10.0%] 1939 – older

Data source: neighborhoodscout.com

ANNUAL BUILDING ACTIVITY – SINGLE FAMILY HOMES

New home sales, which comprise approximately 16 % of home sales in the area, increased 12 % from 2018.

The average sales price of a new home was $266,000, up 2 % from a year earlier.

2009: 1,088 permits

2010: 1,252 permits

2011: 1,337 permits

2012: 1,974 permits

2013: 2,197 permits

2014: 2,244 permits

2015: 2,554 permits

2016: 2,960 permits

2017: 2,937 permits

2018: 3,531 permits

2019: 3,056 permits

Data source: U.S. Census Bureau, Building Permits Survey Note: Data for 2019 is preliminary, through October 2019

ANNUAL BUILDING ACTIVITY – MULTI FAMILY

The apartment market is tight, with a 4.4% vacancy rate during the second quarter of 2019, down from 4.6% a year earlier (Real Data, Inc.).

Average rent increased 5% during the same period.

Multifamily construction, measured by the number of units permitted, decreased 7% from a year earlier, to 1,350 units permitted during the 12 months ending September 2019.

2009 50 permits

2010 52 permits

2011 88 permits

2012 19 permits

2013 222 permits

2014 850 permits

2015 1,784 permits

2016 839 permits

2017 606 permits

2018 1,138 permits

2019 861 permits

Data Source: U.S. Census Bureau, Building Permits Survey Note: Data for 2019 is preliminary, through October 2019


The List homepage, with properties available throughout the Upstate

Places: Profiles of other communities in and around Greenville

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like
Frank Lloyd Wright

Places: Broad Margin is a Frank Lloyd Wright designed home in Greenville

One of only two Frank Lloyd Wright designed properties in South Carolina.

Places: Campobello takes its name from ‘campa bella,’ Italian for beautiful field

Considering a day trip? The best way to explore the SC Upcountry is along the Cherokee Foothills National Scenic Highway.
agrihood

‘Living authentically’ at Riverstead, the Upstate’s newest agrihood community

The Riverstead community is based around farming and keeping families connected to nature.