The Real Estate Market in Greenville

Greenville is a city in Greenville County, South Carolina, United States. The sixth-largest city in the county, it is located between Georgia, Atlanta, North Carolina, and Charlotte. With over 525,000 residents in the metropolitan region, Greenville has a versatile economy. This fuels the demand for rental property and raises the appeal of real estate in the area.

Greenville is now experiencing a seller's market, which is predicted to last until the year comes to an end. Some of the aspects that make Greenville appealing to home buyers include enough working space for remote workers, a higher standard of living, and lower taxes.

Greenville’s Real Estate Potential

According to local real estate gurus, Greenville is expected to continue being a seller’s market at least till the year comes to a close. Interestingly, some Greenville homes that were put up for sale are going under contract less than a day after being advertised. The homes are getting really good offers, with some buyers even willing to pay well over the asking price.

Facts and figures

• West Greenville is the most economical suburb in Greenville, with a median listing price of $139,800, according to

• According to a report in August 2021, Greenville's median listing property price is $284,000.

• There are 23 neighborhoods in Greenville. The priciest one is West End Market, with a typical listing price of $922,000.

• Pleasant Valley, Augusta Street Area, and North Main Area are some of the finest neighborhoods in and around Greenville, South Carolina.

Greenville’s Renters' Market Is Strong

With a bidding war rate of 73.9%, Greenville features one of the nation's highest rates of house bidding wars. It means that buyers are contesting to buy property in Greenville more than three-quarters of the time. This is especially true for the cheaper homes in desirable places.

Renters account for half of the housing units in Greenville. Two reasons contributing to that statistic are the extremely high demand for housing units in Greenville and the ever-rising prices of these properties.

Facts and Figures

• As states, in Greenville, South Carolina, rent costs have been on an upward trend, rising by 15% every year.

• A recent survey carried out by RENTCafé revealed that around half of the households in Greenville are living in rented premises.

• Seventy percent of the housing market in Greenville constitutes single-family homes. Thus, making a house becomes an appealing rental option.

• One of the important categories that rental property investors seek is millennials. For Greenville, the ages of between 20 and 29 make up 27% of the population.

Greenville’s Booming Population

The population growth in Greenville is another thing that will continue favoring the area as a seller’s market. The county is the most populated in South Carolina, with the population rising to over half a million people. The city houses more than 71,000 people, while the metropolitan area has over 525,000 residents. Greenville's per capita income is $31,966, with a median household income of $58,621

The above figures and statistics indicate that Greenville will continue to favor the seller. Greenville is a lucrative avenue for property investors to explore as a seller's market.

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