What is the typical home value in Spartanburg - SC?

The typical home in Spartanburg - SC, SC is worth $279,792 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +2.3%.

How long do homes stay on the market in Spartanburg - SC?

The median days to pending (time on market before a sale) in Spartanburg - SC is currently 28 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Spartanburg - SC?

31.0% of active listings in Spartanburg - SC have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Spartanburg - SC a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Spartanburg - SC is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

Spartanburg - SC Housing Market | Home Values & Trends

How to read this data

The typical home value ($279,792) is the Zillow Home Value Index for the Spartanburg - SC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.3% over the past year. In Spartanburg - SC, that means a home worth $273,501 last year is now worth roughly $279,792.

The median sale price , what homes actually close for , is $261,813. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.

Homes listed in Spartanburg - SC sit on the market for roughly 28 days before going pending. Shorter = seller's market; longer = buyer's market.

About 31.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 494 new listings hit the market each month in Spartanburg - SC. There are currently 1,687 homes for sale, up 22.5% from a year ago.

The typical monthly rent in Spartanburg - SC is $1,473, up 2.0% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.