Is Spartanburg, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spartanburg has remained a Seller's Market.
Housing Prices in Spartanburg, SC
How much do homes in Spartanburg, SC cost?
Median Sold Price
$235,019
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spartanburg was $235,019 in April 2024, up 7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $200K | +53.8% |
2 Bedrooms | $127K | $155K | +22.0% |
3 Bedrooms | $216.8K | $228.2K | +5.3% |
4 Bedrooms | $296.9K | $313.9K | +5.7% |
5+ Bedrooms | $350.4K | $370K | +5.6% |
Summary: Spartanburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in Spartanburg, SC
How many homes are available in Spartanburg, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
557 | 592 | +6.3% |
Summary: The Spartanburg real estate market had 592 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 74 | 76 | +2.7% |
3 Bedrooms | 302 | 325 | +7.6% |
4 Bedrooms | 140 | 153 | +9.3% |
5+ Bedrooms | 40 | 35 | -12.5% |
Summary: The Spartanburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 134 | -2.2% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Spartanburg in April 2024, down by 2.2% month-over-month. Of the 123 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Spartanburg, SC
How long does it take to sell a home in Spartanburg, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 33 Days | -14.7% |
Summary: Homes in Spartanburg had an average of 33 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 134 homes were sold in Spartanburg; 37% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.