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Deep Diving into Upstate Sub-Markets

  • Writer: Ien Araneta
    Ien Araneta
  • Mar 6, 2024
  • 4 min read

Understanding the Upstate housing landscape requires more than looking at countywide statistics. The behavior of buyers and sellers shifts dramatically depending on the area, and local patterns often tell a more accurate story than broad monthly headlines. This deep dive into multiple pockets of Greenville County reveals how each community is moving, cooling, strengthening, or simply stabilizing. (It is basically the real estate version of checking the weather in each neighborhood instead of just assuming the whole city is warm and sunny.)

Pulling apart the differences between these areas makes it easier to understand where inventory is climbing, where prices are softening, and where competition still runs hot. Each neighborhood has its own personality, rhythm, and market behavior, which is why breaking down these specific sub-markets matters so much for buyers, sellers, and agents alike.


Deep Diving into Upstate Sub-Markets


Sub-Markets Shaping Greenville’s Real Estate Landscape


This breakdown of Greenville County sub-markets uses the same market conditions addendum that appraisers rely on to evaluate trends across different time frames. By comparing the most recent three months to the previous quarters, the data shows exactly where inventory is changing, where buyers have more leverage, and where pricing pressure is shifting.


The review spans 12 areas across the county, each with its own pattern. Some sub-markets are cooling as inventory builds. Others are holding steady with pricing resilience. And a few are seeing buyers slow down even as median prices rise. These sub-markets show clearly why broader Greenville stats cannot tell the full story.


Deep Diving into Upstate Sub-Markets


Five Forks


Five Forks shows a noticeable cooling pattern. Inventory is rising, the month supply is climbing, and median sales prices are dipping even as list prices hold steady. Days on market are also increasing. Homes are selling, but not with the same speed or intensity as before. (Think of it as the market hitting the snooze button a few more times each morning.)



Overbrook


Overbrook shows a mixed bag. Inventory is up, prices have slipped, and the month's supply has increased sharply. Yet some homes are still selling quickly and at strong percentages of list price. The market appears divided between correctly priced homes moving fast and overpriced listings sitting longer.



Greer (Below Wade Hampton)


This part of Greer continues to grow, with inventory up and the month supply increasing significantly. However, median prices keep rising with momentum. Demand remains strong, but buyers are taking longer to decide, leading to more days on market and slightly lower percentages of list price compared to earlier in the year.



Taylors


Taylors reflects a softer environment. Sales prices are trending down, days on the market are rising, and list prices keep climbing anyway. The gap between list price and sold price suggests hesitant buyers and optimistic sellers. For buyers watching Taylors closely, this sub-market offers more breathing room than it did a year ago.



Downtown Greenville (29601)


Downtown shows a dramatic increase in month's supply. Homes sit longer on the market overall, especially in the luxury range, where prices are highest. Yet when homes sell, they often achieve the full asking price. Prices in general remain elevated. The slowdown is driven more by buyer selectiveness than a decline in property value. (Luxury buyers can be picky. Shocking.)



West Greenville, Sans Souci, Berea


This cluster shows subtle softening. Inventory is up slightly, days on the market are rising, but prices remain relatively stable. Sales prices and list prices have moved only modestly, suggesting a balanced and steady environment for now.



Judson and Dunean


This is one of the most dramatic shifts in the report. Inventory jumped significantly, the month supply surged, and investor activity appears to have pulled back. Days on the market are rising, and homes are selling at noticeably lower percentages of the list price. The one outlier is a spike in median sales price, most likely driven by new construction rather than market-wide appreciation.



Nicholtown, Eastover, Pleasant Valley


This sub-market shows signs of cooling. Median sales prices are slipping, month supply is up, and list prices remain higher than what buyers are willing to pay. Days on the market reveal two different stories: quick sales for well-positioned homes and lengthy listings for those priced too ambitiously.



Eastside Greenville (29615)


The Eastside continues its reputation for stability. Inventory is up, the month's supply has grown, and prices have climbed steadily. Days on market have increased but remain reasonable. Sales price percentages have dipped slightly but still reflect a strong and balanced market.



Downtown Travelers Rest


Travelers Rest shows a significant rise in inventory and month's supply. Prices, however, remain elevated compared to the previous year. Homes are more expensive across the board, but buyers now have more choices and more time. It is a notable shift from the ultra-competitive conditions TR saw not long ago.



Downtown Simpsonville


Simpsonville is stabilizing. Inventory has increased sharply, but prices remain almost identical to last year. Days on market are holding steady for sold homes, even though listing days have risen. With the month's supply climbing, the window to buy under smoother conditions may not stay open long.



Powdersville


Powdersville is one of the most interesting sub-markets in the entire report. Active listings are decreasing, prices are rising, and homes do eventually sell despite longer listing times. Demand remains strong enough to push the median sales price to its highest level yet. It is a slower-paced market, but not a weakening one. (It is like the tortoise of Greenville real estate. Slow but steady wins the contract.)



Watch Or Listen To The Selling Greenville Podcast


Subscribe to the Selling Greenville podcast for real-time insights, bold perspectives, and unfiltered takes on the Upstate housing scene. Whether you are buying, selling, or simply watching the market unfold—this is where Greenville goes to stay informed.





Bottom Line


The upstate real estate market cannot be understood through broad averages alone. Each area tells its own story, and each story reveals different opportunities, pressures, and signals. These sub-markets show that Greenville County is not moving in one direction but many. Some areas are cooling. Others are holding their ground. A few are gaining momentum. Understanding these differences is what helps buyers and sellers make smarter, more confident decisions in a market that continues to shift.



Ien Araneta

Journal & Podcast Editor | Selling Greenville

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