Greenville Real Estate TrendsTo say that Greenville’s economy is growing is an understated. As one of the fastest growing economies in the country, Greenville has become the ideal place to set down some roots and start a family. Here is how the Greenville real estate market is poised to look in 2022
- Median home value: $247,269
- Median sales price: $305,000
- 1-year appreciation rate: 22.0% growth
- Homes sold above list price: 39%
- Number of sales: 305
- Median days available on the market: 49
- Median rent: $1,054 (6% growth annually)
- Greenville population: 550,000
- Median Greenville household income: $58,621
Why is Greenville Popular?Greenville is currently facing an economic expansion. While the pandemic may have hit the city unexpectedly (much like every other city in the world), Greenville has successfully recovered from this slump. In fact, Greenville is one of the cities in the country that is assisting America’s economic recovery. There is an influx of jobs that is enough to support even its new residents. Currently, Greenville’s unemployment rate is at the level of the national average, but all signs point to this rate going down in the years to come. Jobs offered in Greenville are made up of a combination of high-tech jobs as well as industries like manufacturing and finance, all of which are immune to changes in the economy. With a local economy growing faster than the national economy, economists predict that Greenville’s job growth rate will reach 2.4% in 2022. This bustling economy is one of the main reasons people are flocking to this South Carolina city. Another reason why Greenville is so popular is that it provides residents with all the luxuries of big-city living while still retaining that small town charm. Residents can enjoy all the comforts any other city has minus the congestion associated with most metropolitans. Greenville has a redeveloping downtown district, a growing culinary landscape, and a strong job market, making its setting unlike any other.
Sell Your Home to a Professional Home Buyer!
When it comes to selling your home, sooner is better than later. This is especially true if you want to get the best rates possible for your home. With everyone clamoring to get their hands on a Greenville home, now’s the perfect time to start selling! The traditional way of listing on the real estate market, however, can take a long time and cause delays that may require you to go back and forth. If you’re asking yourself “how can I sell my Greenville house fast,” we’ve got the answer for you. Your best solution is to sell your Greenville house fast to a professional home buyer.