What’s the Current Housing Market Like in Spartanburg Right Now?

If you’re thinking about buying or selling a home in Spartanburg, one of the first questions you probably have is: “What’s the market like right now?”

Right now, the Spartanburg housing market is balanced, with median home prices at $315,315 and average days on market at 43. Inventory sits at about 4.2 months of supply—giving buyers more choices while still keeping sellers in a strong position compared to historic norms.

Let’s take a closer look at what these numbers mean for buyers and sellers in Spartanburg.

Key Market Stats for Spartanburg

Note: Data pulled from Spartanburg MLS as of August 2025.

What This Means for Buyers

For buyers in Spartanburg, current conditions offer some breathing room compared to the frenzied pace of the pandemic housing boom.

• Affordability: With an average price of $315,315, Spartanburg remains one of the more affordable metro markets in the Upstate compared to Greenville or Charlotte.

• Competition: Homes are averaging 43 days on market, which gives buyers more time to make decisions than they had a year or two ago when bidding wars were common.

• Negotiation Power: In a balanced market, buyers can sometimes negotiate for repairs or closing costs—though the best homes still move quickly.

• Strategy Tip: Get pre-approved and be ready to act on well-priced homes. While 43 days is the average, desirable neighborhoods in Spartanburg can still see multiple offers in the first week.

What This Means for Sellers

For Spartanburg homeowners thinking about selling, the balanced market means setting the right price and presenting your home well are more important than ever.

• Pricing Power: The average sale price is $315,315. Homes priced competitively are still selling within a month to six weeks. Overpricing, however, risks pushing your listing past the 43-day average.

• Buyer Pool: With 4.2 months of inventory, buyers have more choices than they did in tighter markets. This means presentation—professional photos, staging, and marketing—makes a big difference.

• Flexibility: Some sellers are offering concessions like help with closing costs to attract buyers, especially if their property has been on the market longer than average.

• Strategy Tip: Work with your agent to evaluate pricing strategy. In this market, realistic pricing paired with strong marketing often means multiple interested buyers, even if not the bidding wars we saw in 2021–2022.

The Spartanburg housing market is currently balanced, with average sales prices at $315,315, homes spending about 43 days on the market, and inventory at 4.2 months of supply.

For buyers, that means less competition and more choices than in recent years. For sellers, it’s still a solid market—as long as you price strategically and market your home well.

Whether you’re planning to buy or sell, having a local expert on your side can help you navigate today’s trends with confidence.