Greenville, SC: Real Estate Market & Trends 2016

The Greenville real estate market continues to experience a wealth of positivity in 2016. The second quarter witnessed a blend of steady home prices, appreciation rates and total equity gains for Greenville real estate. Additionally, gains in the last three years have extended the trend of positive growth after the recession, which should benefit Greenville real estate investors and homeowners alike. Other factors influencing the Greenville real estate market in 2016 include the local economy, new housing construction and home affordability — all of which look promising. All things considered, the second-half should give way to a profitable and exciting year for the Greenville real estate market.

Greenville, SC Real Estate Market Statistics:

The Greenville real estate market remains on pace with the national average in terms of both total equity and home appreciation. One-year appreciation rates for Greenville real estate were 4.7 percent during the second quarter, compared to the national average of 4.9 percent, while three-year rates were identical at 17.8 percent. Price appreciation and payments in the last three years have boosted total equity growth since the recession, which bodes well for Greenville real estate investors and homeowners. For those considering Greenville real estate investments, the following highlights appreciation gains in previous years:

Homes purchased in the Greenville, SC housing market one year ago have appreciated, on average, by $11,463. The national average was $14,963 over the same period.

Homes purchased in the Greenville, SC housing market three years ago have appreciated, on average, by $36,796. The national average was $46,878 over the same period.

Homes purchased in the Greenville, SC housing market five years ago have appreciated, on average, by $53,038. The national average was $82,353 over the same period.

Homes purchased in the Greenville, SC housing market seven years ago have appreciated, on average, by $63,376. The national average was $77,054 over the same period.

Homes purchased in the Greenville, SC housing market nine years ago have appreciated, on average, by $54,484. The national average was $31,126 over the same period.