How much does the average home in Spartanburg cost in 2025?

If you’re considering buying or selling a home in Spartanburg, one of the first questions you’re probably asking is: “How much does the average home cost right now?” Let’s break down what’s happening in 2025, what’s driving prices, and what it means for both buyers and sellers.

🏡 The Average Home Price in Spartanburg in 2025

As of early 2025, the average sales price in Spartanburg is around $315,315. This number reflects the entire local market — from starter homes to higher-end properties — and gives us a solid benchmark for what buyers and sellers can expect.

• Median Home Price: $292,000

• Average Days on Market: 43 days

• Months of Inventory: 4.2 months (a balanced market is typically 5–6 months)

This tells us that Spartanburg is still leaning toward a seller’s market, but buyers are starting to see a bit more breathing room than in the ultra-competitive years of 2021–2022.

📊 What’s Driving Spartanburg’s Home Prices?

Several key factors influence the cost of homes in Spartanburg:

1. Population Growth & Relocation
   Spartanburg continues to attract new residents thanks to its affordability compared to larger metro areas like Charlotte, Greenville, and Atlanta.

2. Job Market Strength
   With employers in manufacturing, healthcare, and education expanding, more people are moving to Spartanburg for work opportunities — boosting housing demand.

3. Inventory Levels
   With only about 4.2 months of inventory, there are still fewer homes available than buyers looking. Limited supply tends to keep prices steady or trending upward.

4. Interest Rates
   Mortgage rates have stabilized somewhat compared to recent spikes. While still higher than pre-2020 levels, buyers are adjusting, and demand hasn’t slowed as much as predicted.

💡 What This Means for Buyers

• Expect competition on well-priced homes. Homes in desirable neighborhoods or in move-in-ready condition may still receive multiple offers.

• Budget realistically. With an average home costing $315K, buyers should be prepared with pre-approval and clear expectations.

• Look beyond the hot spots. Some of Spartanburg’s up-and-coming neighborhoods may still offer great value below the average price point.

Tip: Partnering with a local agent can help you identify neighborhoods where your dollar stretches further.

💡 What This Means for Sellers

• Pricing matters. Homes priced correctly near the $315K benchmark are selling in about 43 days — faster if they’re updated or staged well.

• Condition is key. Buyers are more selective than they were two years ago. Minor upgrades (fresh paint, landscaping) can make a major difference.

• Still a good time to sell. With inventory below a balanced market, sellers still hold the advantage, especially if they’re downsizing or relocating.

📍 Spartanburg Neighborhood Price Trends

While the county-wide average sits at $315K, different neighborhoods vary:

• Downtown Spartanburg: Higher demand, walkability, and new construction push prices above average.

• Westside & Eastside: Popular with families, often close to or just above the average.

• Outlying areas: More affordable options remain in the $200K–$250K range, appealing to first-time buyers.

🔮 Spartanburg Housing Market Forecast for 2025

Looking ahead, most experts predict:

• Steady growth in home values, though not as rapid as in the last few years.

• Slightly more inventory as new construction adds options.

• Strong demand from out-of-state buyers seeking affordability compared to larger cities.

Bottom line: Home prices in Spartanburg are expected to remain stable or increase modestly through the end of 2025.

✅ Final Thoughts

So, how much does the average home cost in Spartanburg in 2025? About $315,315 — but what you’ll pay (or sell for) depends on the neighborhood, condition of the home, and current competition.

If you’re thinking about buying or selling in Spartanburg, now is still a strong time to make a move. The market is balancing, but opportunities remain on both sides of the transaction.

📞 Ready to talk about your next move in Spartanburg?

Let’s connect. I’ll help you understand your options and create a strategy that works for your goals.