Is Spartanburg County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spartanburg County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Spartanburg County has remained a Seller's Market.

Key Takeaway

Spartanburg County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Spartanburg County, SC

How much do homes in Spartanburg County, SC cost?

Median Sold Price

$277,324

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,345(+6.7%)

Key Takeaway

Homes in Spartanburg County have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Spartanburg County was $277,324 in March 2024, up 6.7% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$167K
+108.7%
2 $149.9K$174.9K
+16.7%
3 $250.1K$256.6K
+2.6%
4 $329.9K$330.1K
0.1%
5+ $435K$399K
-8.3%

Summary: Spartanburg County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Counties

Cherokee County
+10.3%
Greenville County
+8.3%
Union County
+7.3%
Spartanburg County
+6.7%

Housing Supply in Spartanburg County, SC

How many homes are available in Spartanburg County, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,9272,093+8.6%

Summary: The Spartanburg County real estate market had 2,093 homes for sale in March 2024, a 8.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 26
+200.0%
2 161166
+3.1%
3 1,0111,085
+7.3%
4 549599
+9.1%
5+ 204237
+16.2%

Summary: The Spartanburg County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
354468+32.2%

Asking Price vs. Sold Price

214 Homes Were Sold
Under Asking

143 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spartanburg County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.

Summary: A total of 468 homes were sold or pending in Spartanburg County in March 2024, up by 32.2% month-over-month. Of the 415 sold homes, 52% were sold under asking, 34% were sold at asking, and 14% were sold over asking.

Days on Market for Spartanburg County, SC

How long does it take to sell a home in Spartanburg County, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
46 Days45 Days-1.7%

Summary: Homes in Spartanburg County had an average of 45 days on market in Mar 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

153 Homes Were Sold
Under 30 Days

58 Homes Were Sold
In 30 - 90 Days

49 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spartanburg County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 468 homes were sold in Spartanburg County; 33% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Spartanburg County, SC

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