Curious about home values in Greenville, South Carolina? Whether you’re hoping to sell soon, looking to get rid of PMI, or simply want to stay up to date with current home values, browsing local market trends can serve as a helpful guide for your future plans. In this article, we’ll walk you through recent home price trends in Greenville, offer advice for getting an accurate home value estimate, and suggest simple strategies to boost your home’s worth before selling. We’ll also share tools to help you lock in the highest price for your Greenville home with the help of a real estate agent. Since 2020, the median home value in the Greenville metro area has climbed 41.7%. In June 2020, the typical home sold for $228,000, compared to $323,000 in June of this year, according to data from the South Carolina Association of Realtors. The city of Greenville, however, is opening its eyes to affordable housing options after purchasing a six-acre, $10.7 million property in the Haynie-Sirrine neighborhood. The current plan is to repurpose the land for residential and commercial development. “This is a neighborhood that lost its rental housing over 25 years ago. Now, this long-vacant land will be a beachhead of affordability in the very heart of downtown,” said Greenville Mayor Knox White in a recent Greenville Journal article. Becky Warth, co-vice president of the Haynie-Sirrine Neighborhood Association, added, “…We want to see housing affordability first and foremost. This property lends itself to providing green space and connectivity to the other side of Church Street via the Springer Street Tunnel. The table below illustrates just how much home prices have climbed in the Greenville area over the last five years: This trend isn’t limited to Greenville alone; it’s part of a larger nationwide phenomenon. The S&P CoreLogic Case-Shiller National Home Price Index shows that U.S. home price have jumped 47% since the beginning of 2020. Because of this, homeowners have built up significant equity in their homes, which they can take advantage of to purchase new properties, pay debts, make home renovations, save for retirement, or use toward other financial goals. According to ICE’s Mortgage Monitor report, as of February 2024, the average mortgage-holding homeowner holds $299,000 in equity. For comparison, the table below shows median home prices in cities near Greenville: In the next section, we’ll walk you through the best tools to estimate how much your Greenville-area home might be worth.Current home values in Greenville
Year Median home price Percent change year-over-year 2024 (June) $323,000 + 2.5% 2023 $314,990 + 6.8% 2022 $294,862 + 15.6% 2021 $255,000 + 11.8% 2020 $228,000 + 5.0% City Median home price Distance from Greenville Parker $215,000 11 min (4.7 miles) Welcome $233,000 10 min (4.0 miles) Gantt $247,000 14 min (7.1 miles) Berea $275,000 10 min (4.8 miles) Sans Souci $267,500 7 min (3.0 miles) Easley $276,300 23 min (12.7 miles) Greer $363,000 19-22 min (12.0 miles) Powdersville $346,000 14 min (9.4 miles) Lyman $327,000 24-28 min (17.7 miles) Fountain Inn $342,600 21-24 min (20.2 miles)
