Is Spartanburg County, 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 County has remained a Seller's Market.
Housing Prices in Spartanburg County, SC
How much do homes in Spartanburg County, SC cost?
Median Sold Price
$278,138
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spartanburg County was $278,138 in April 2024, up 6.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $167K | +85.6% |
2 Bedrooms | $150K | $175K | +16.7% |
3 Bedrooms | $251.4K | $257.2K | +2.3% |
4 Bedrooms | $326.5K | $330.4K | +1.2% |
5+ Bedrooms | $433.8K | $399.9K | -7.8% |
Summary: Spartanburg County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Counties
Cherokee County | $199.9K | $219.9K | +10.0% |
Greenville County | $321.8K | $345.8K | +7.5% |
Spartanburg County | $260.3K | $278.1K | +6.9% |
Union County | $155K | $165K | +6.5% |
Laurens County | $217K | $212.8K | -1.9% |
Housing Supply in Spartanburg County, SC
How many homes are available in Spartanburg County, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,059 | 2,168 | +5.3% |
Summary: The Spartanburg County real estate market had 2,168 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 166 | 172 | +3.6% |
3 Bedrooms | 1,073 | 1,121 | +4.5% |
4 Bedrooms | 587 | 615 | +4.8% |
5+ Bedrooms | 227 | 253 | +11.5% |
Summary: The Spartanburg County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
457 | 430 | -5.9% |
Asking Price vs. Sold Price
209 Homes Were Sold
Under Asking
128 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 430 homes were sold or pending in Spartanburg County in April 2024, down by 5.9% month-over-month. Of the 393 sold homes, 53% were sold under asking, 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 42 Days | -3.3% |
Summary: Homes in Spartanburg County had an average of 42 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During April 2024, 430 homes were sold in Spartanburg County; 32% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.