How has the real estate market been performing in the 29609 zip code in Greenville, SC?
After decades as a real estate broker and investor, I’ve learned it’s wise to be mindful of the current week-to-week and month-to-month trends and also understand the long-term trends of a market to help put current data into perspective.
Below you will find charts depicting 3 years of market data for single family homes in Greenville zip code 29609.
In January 2014, the total number of homes on the market in Greenville 29609 was about 160, dropping to 115 by the summer of 2015. In the same timeframe, the median price for a home in Greenville 29609 reached a low of $190,000, increasing in value to $295,000 (a 55% increase in slightly less than 2 years). That is outstanding appreciation and illustrates a typical hand-in-hand trend of dropping inventory and increasing prices. Note: All market metrics indicate a cooling market since summer 2015.
As a result, right now buyers will find more houses to choose from than were available 6 months ago. However, sellers likely will not receive the flurry of offers (buyers bidding against each other) that they did last spring; therefore, proper pricing is key.
I’d be happy to assist you in understanding the Greenville, SC, real estate market. Want to receive a FREE monthly market report on zip code 29601 (or any other area in Greenville)? Just complete your contact information here.