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Saturday, October 16, 2021

Your Greenwood SC Real Estate Questions Answered

Lake Greenwood SC

Are you looking for more information about living in Greenwood, South Carolina? Living here is an excellent choice if you desire a temperate climate, access to a great fishing lake, and a friendly community. Part of the Upcountry region, Greenwood, SC, charms with its fun, small-town community complete with a beautiful uptown district. Residents enjoy many community events, a robust school system, a solid economy, and access to outdoor recreation.

If you have questions about living in South Carolina’s Lakelands region, we are here to help. Learn about the Greenwood real estate market and how to find your right home. We break down frequently asked questions about Greenwood real estate.

About Greenwood, SC

The City of Greenwood is in beautiful Greenwood County and acts as its county seat. This whole area is part of the Piedmont topographic region. Residents enjoy a mild and seasonable climate, very little snow, and opportunities to enjoy outdoor activities all year.

Lake Greenwood is the most significant tourist attraction. The lake and parts of the Saluda River make up the entire northeastern border of the county. The lake is about nine miles from Uptown Greenwood.

The county is called the Lakelands region because five different lakes are within a 30 to 40-minute drive of Greenwood. Area residents gain incredible choices for fishing, boating, swimming, and other forms of freshwater recreation. Most of these lakes are substantial dammed reservoirs with pristine waters.

Is Greenwood, SC, growing?

The town of Greenwood had 22,545 residents in the 2020 US Census Count, a decrease from April 2010, when Greenwood reported 23,222 residents. Overall, the Greenwood population is stable, and any growth is slow. Even as of 2024, the estimated population trends show the city’s population stabilization.

Looking a little broader, Greenwood County’s population did not grow extensively during the last decade. It reported 310 fewer residents in April 2020 than April 2010. The county is projected to have 76,321 residents by 2030, a 4.6% growth rate over ten years.

Real Estate in Greenwood, SC

Greenwood’s real estate market has tracked closely with the South Carolina real estate activity over the years. For the year-to-date ending August 2024, the City of Greenwood reported a median home sale price of $259,411, up 5%. Homes were also on the market for about 14% fewer days, or 95 to be precise. New listings were up 15% for the year, helping increase the total active homes for sale.

Based on housing reports, Greenwood had the highest average change in median sales prices from 2022 to 2023 in South Carolina. Local buyers paid 10.6% more than the year before. Ranked near the bottom for the amount of change in the days on market.

What is the median price of a home in Greenwood, SC?

The market data for August 2024 showed 134 listings with a median sales price of $322,400. The year-over-year inventory of homes for sale was down almost 36%, while the median home price was up 30%. A typical home had three to four bedrooms and two bathrooms.

As of September 2024, the least expensive existing home listing was $114,000 for a two-bedroom, one-bathroom, 875-square-foot home. The market topped with a listing of $1.59 million on 0.70 acres. This lakefront home in Pucketts Ferry had four bedrooms, five full bathrooms, and 1/2 bath.

The Greenwood real estate market is constantly updating, so use the EZ Home Search database to find the most recent information about median list prices and available properties.

Are there any condos or townhomes for sale in Greenwood, SC?

While condominiums and townhomes are available in Greenwood, they are harder to find. Single-family homes are the most common property type. Condos represented 2.2% of the total market share in 2023. In September 2024, there city limits and by the lake had 22 condominium listings. Their prices ranged from $149,900 for a two-bedroom, two-bath townhome to $394,915 for new construction with three bedrooms and three bathrooms. A few areas to find condo and townhome properties are around Uptown, Timberlake, Windtree, Hunters Creek, and Palmetto Crossing.

What are Greenwood property taxes?

South Carolina charges a 4% of assessed value property tax for your primary residence, and any second homes are charged 6% of the assessed value. Greenwood County had a millage rate of 0.7360 in 2024, a rate it’s had since at least 2021. The City of Greenwood had a millage rate of 0.11199. Greenwood County has three public school districts with different property tax rates. The local school district covering the city charged 0.24880. Additionally, there was a millage of 0.0086 for the metro sewer. That brought the total property tax millage to 1.55049.

Check with the county tax assessor using the specific address of a property to find its tax bill.

Are there any waterfront properties found in Greenwood, SC?

Waterfront property is present in Greenwood, South Carolina. However, many of these waterfront properties are not within city limits. Most are just northeast of town along the Saluda River and Lake Greenwood. However, your drive would be around 15-20 minutes to reach the Greenwood city limits, depending on where precisely the waterfront property is located and where you’re going in town. You can find an affordable blend of lake living with access to great dining, essential businesses, and retailers.

In September 2024, nine lake access properties were listed on the market with proximity to the city of Greenwood. Their prices ranged from $275,000 to $1.59 million on lots ranging from a condo to 0.7 acres.

Is there lakefront or riverfront property in Greenwood, SC?

If we are talking exclusively about the Greenwood city limits, your options are limited to creeks, runs, and small reservoir ponds. Among these is Greenwood Reservoir along Coronaca Creek, Sample Branch, Rocky Creek, and Brightman’s Creek. If you cast your net a little wider, you will find lakefront properties at Lake Chinquapin and the Gatewood Club and Community, just to the west of Greenwood city limits.

Go slightly further afield, and you have choices along the Saluda River and Lake Greenwood. Here you can find lakefront properties with boat slips, docks, or direct waterfront. Depending on where you choose to live along the lake, you could be in downtown Greenwood within a 15 to 25-minute drive.

How is golf in Greenwood, SC?

The City of Greenwood has three golf courses within its limits. Another three golf courses are within 20 miles of Greenwood, so locally, you have some options if you like to play.

The private Greenwood Country Club has a 6,798-yard course with a Par 72. Founded in 1927, it prides itself on maintaining the country club tradition. It’s just one mile from the city center.

The Links at Stoney Point are about seven miles from the Greenwood City Center. The semi-private course is 18 holes with a par 72. Hunter’s Creek Plantation has three 9-hole courses you can combine for a full 18-hole golf course. The individual courses are known as Oak, Maple, and Willow.

Davis Love III designed the beautiful 18-hole Patriot golf course at the Grand Harbor Yacht & Golf club. He purposefully worked with the land to create a memorable course for play.

Are there golf course communities in Greenwood, SC?

Golf communities exist in and around the city, with the primary development around Greenwood Country Club. Cedar Lake is an established neighborhood along the private course. Mimosa Green is an exclusive cul-de-sac community within the country club. Lodge Grounds has executive homes along the Greenwood Country Club Golf Course.

Outside Greenwood Country Club, Hunters Creek offers homes in a variety of sizes and styles, including condos for affordable golf course living. Stoney Point has direct access to Lake Greenwood and a year-round residential community for waterfront luxury living.

At Grand Harbor Golf & Yacht Club, residents gain an amenity-rich lifestyle. Not only is there golf course living, but there is lake access and waterfront homes. Perks include a clubhouse, marina, clay tennis courts, equestrian facilities, and pickleball. It is a gated community with sub-neighborhoods like Plantation Point that have move-in ready new homes or land for sale to build your perfect floor plan.

What is the applicable school district for Greenwood, SC?

Greenwood School District 50 oversees public schools in the City of Greenwood and surrounding areas. Be aware of its school attendance policy and individual zoning for the primary, elementary, middle, and high schools. The district does have magnet and school choice programs.

What is the cost of living in Greenwood, SC?

The budget-conscious will appreciate how affordable Greenwood is. Using the Best Places Index, where the national average is set at 100, Greenwood comes in at 72.8. That means expenditures run about 27% under what most Americans spend. It’s even 17% more affordable than South Carolina’s average. Every spending category, from groceries to health care, ran well under the national average. In more proof of Greenwood’s affordable housing, the market was 66% less expensive than the national average.

What areas are near Greenwood, SC?

Lake Greenwood is the most notable attraction. The Buzzard’s Roost Dam creates the lake and provides water storage and power for many homes in Greenwood County. It has 212 miles of shoreline and over 11,000 acres of water available for fishing, boating, and water sports.

This is a more rural part of South Carolina, but there are some neighboring cities. To the east of Greenwood is the historic town of Ninety-Six. This town is an integral stop on the South Carolina Heritage Trail with its notable Revolutionary War sites, including the unique star fort. The modern town attracts people for its quality of life; find golf courses, parks, and more recreational opportunities.

Looking further around Greenwood, the Savannah River is roughly a 30-minute drive to the southwest. Visiting Augusta, Georgia is just a one-hour, 15-minute drive to the south. Enjoying the amenities of Greenville, SC, is about a one-hour drive away. Reaching the state capital, Columbia, is a 1.5-hour drive.

Real Estate in Greenwood, South Carolina

Living in Greenwood, South Carolina, gives you access to quality education, a low cost of living, and one of the best lakes in South Carolina. Enjoy a low cost of living in the community of your choice. The community homes include direct access to the lakefront, so why not make your dream of lakefront living come true? If you have any questions about the Greenwood real estate market, we are here to help.

Updated September 2024

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Preston Guyton