Greenville, October 3, 2025

News Summary

The Greenville housing market is one of the top ten anticipated hot spots in the U.S. by 2025, driven by rising home prices and significant population growth. The typical home price has surged to $440,000, and net migration has doubled during the pandemic. With a current mortgage rate of 6.9%, Greenville remains attractive for buyers, but affordability challenges persist for locals. Home sales often involve cash purchases, primarily from wealthy out-of-state buyers. Experts predict a more active housing market in 2025 as trends continue.

Greenville

The Greenville housing market has been recognized as one of the top ten “hot spots” in the United States expected to thrive by 2025, driven by rising home prices and significant population growth. The National Association of Realtors (NAR) has identified Greenville-Anderson as a market poised to outperform others in the upcoming years.

Home prices in Greenville have seen a dramatic increase. In 2014, spending $500,000 on a house was typical for high earners, while the average home sold for around $159,000 and starter homes averaged $101,000 at that time. Currently, the typical home price has surged to $440,000, with starter homes nearing $300,000. These rising prices have made homeownership increasingly unaffordable, which poses challenges for the vitality of the housing market.

This year, the spring and summer buying seasons were notably slow, diverging from expected patterns in the market. An analysis by Redfin Real Estate highlighted available listings in Greenville near the $500,000 price point, revealing several key properties, including:

• 123 Crompton Dr, Pelzer, SC: $500,000; 6 bedrooms, 4 bathrooms; 3,350 sq ft.
• 2 Briton Way, Greenville, SC: $500,000; 4 bedrooms, 4 bathrooms; 2,810 sq ft.
• 204 Cook St, Greenville, SC: $500,000; 4 bedrooms, 3 bathrooms; 1,941 sq ft.
• 305 Pete Hollis Blvd, Greenville, SC: $500,000; 3 bedrooms, 3.5 bathrooms; 2,035 sq ft.

Greenville’s attractiveness as a housing market is underscored by its net migration rate, which doubled during the pandemic. The area’s population has seen substantial growth, with Greenville County experiencing a 38.4% increase from 2000 to 2020, further boosting demand for local housing.

In 2023, the average mortgage rate in the Greenville-Anderson area was recorded at 6.9%, which is below the national average. Additionally, the median home price in Greenville was reported at $314,900, significantly below the national median of $410,700.

Approximately one-third of home sales in Greenville involve cash purchases, primarily from wealthier buyers relocating from affluent states like California and New York. However, the rapidly appreciating market has created challenges for first-time homebuyers and longtime residents looking to upgrade or relocate within the area. Additionally, historical data shows that the downtown area has seen significant increases in property values, with former starter homes quadrupling in price over the last two decades.

Looking ahead, economists predict that the housing market in South Carolina, including Greenville, will become more active in 2025, with expected mortgage rate stability within the 6%-7% range. In 2024, the overall median sales prices in South Carolina rose to $335,000, reflecting a 3.2% increase compared to the previous year. Furthermore, there was a 19.8% increase in the number of homes available for sale across the state, totaling 23,860 active listings.

The Greenville-Anderson housing market comprises 42% starter homes, which provide higher accessibility for families and young professionals compared to other regions. However, the intense competition and rising prices have created significant disadvantages for local first-time buyers.

FAQ

Key Features of Greenville Housing Market

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Additional Resources

• Post and Courier: Greenville Housing Market
• Wikipedia: Real Estate Market
• Greenville Online: SC Home Prices Rising
• Google Search: Greenville Housing Market
• The State: South Carolina Housing Market
• Encyclopedia Britannica: Real Estate
• Greenville Business Magazine: Commercial Real Estate
• Norada Real Estate: Columbia SC Real Estate Market
• GSA Business: New Greenville Brokerage

Author: STAFF HERE GREENVILLE

The HERE Greenville Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Greenville community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Greenville Our team includes lifelong Greenville residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent sales in the Heritage Historic District 17 , Greenville’s textile and railroad heritage 2 , and growth in local education sectors (e.g., Greenville Technical College programs) 27 . Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Greenville Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.