Which Parts Of Greenville Are Appreciating Or Depreciating?

The Greenville real estate market is not moving in one direction—it’s diverging. Some neighborhoods are gaining value fast, while others are seeing a decline. If you’re buying, selling, or investing, knowing which parts of Greenville are appreciating or depreciating can help you make more informed, strategic decisions.

Whether you're a homeowner trying to time the market, a buyer watching interest rates, or a seller wondering if it's time to list, it's not just about the market overall—it's about your market segment.

Let’s break down what’s rising and what’s slipping in Greenville real estate right now.

Which Parts Of Greenville Are Appreciating Or Depreciating?

What's Appreciating Or Depreciating

What’s Appreciating in Greenville Real Estate?

1. Lower-Priced Homes Are in High Demand

Homes in the lower price ranges—especially under $300,000—are still moving fast. These properties are getting multiple offers, and in many cases, going under contract quickly. There’s simply not enough affordable housing to meet buyer demand in this range, making it one of the most competitive price points in the market.

2. Central and In-Town Locations Are Gaining Value

Homes located closer to downtown Greenville or in highly desirable, centrally located areas are seeing price appreciation. Walkability, proximity to dining, and access to top schools and amenities are all pushing prices up. This includes neighborhoods that are either established or on the rise.

3. Certain Zip Codes Like 29605 and 29607 Are Performing Well

The 29605 and 29607 zip codes continue to perform strongly. These areas offer a combination of affordability, convenience, and access to Greenville’s core, attracting a steady stream of buyers and helping keep prices firm or rising.

What’s Depreciating or Softening in Greenville Real Estate?

1. Higher-Priced Homes Are Slowing Down

Homes priced over $600,000 are starting to sit longer. Many buyers in this range are pulling back due to affordability concerns, and in some cases, we're even seeing depreciation—particularly when sellers have to cut prices to get attention.

2. Outskirts and Rural Areas Are Underperforming

Properties located further from the city center—especially in more rural or less accessible areas—are not appreciating as fast, and in some cases, they’re declining. With longer commutes and fewer amenities, buyers are more hesitant unless there’s a compelling value proposition.

3. Homes That Need Work Are Losing Value

Move-in ready homes are winning. But if your home needs updates, repairs, or has major deferred maintenance, it’s likely to sit. Many buyers just aren’t willing or able to take on a project right now, especially with higher mortgage rates and tighter budgets.

The Key Takeaway: Real Estate Is Hyperlocal

While national headlines talk about markets booming or crashing, Greenville’s market is a mix. Some zip codes are appreciating quickly, others are stagnant, and some are even softening. The focus keyword here—which parts of Greenville are appreciating or depreciating—is exactly the question buyers and sellers need to be asking right now.

Real estate is hyperlocal. You can’t just look at averages or headlines. You need to look at your zip code, your neighborhood, and your price point.

Final Thoughts

If you’re watching the market, the most important thing you can do is zoom in. Whether you’re buying or selling, it’s not enough to ask, “How’s the market?” You have to ask, “How’s my market?”

With so many diverging trends, now’s the time to work with someone who understands Greenville down to the street level. Because in this market, knowledge really is power.

Watch or Listen to the Selling Greenville Podcast

To hear the full discussion behind these insights, tune into Selling Greenville Episode 262 wherever you get your podcasts. Stan McCune breaks down the latest data and what it means for buyers and sellers right now.

Follow @StanMcCune for more data-driven insights, market trends, and expert strategies in real estate. Whether you're buying, selling, or investing, Stan McCune breaks down complex real estate topics into practical advice you can use to make smarter decisions in the Greenville market and beyond.

Ien Araneta

Journal & Podcast Editor | Selling Greenville