Spartanburg, SC Housing Market: What to Expect in 2025?

Name: Spartanburg, SC Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Forecast

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Demand

Spartanburg Housing Market Overview

If you're searching for a home in Spartanburg, market conditions are in your favor. While the median sale price is $275,000 (up 10% year-over-year), the real story is in the market's slowdown. Homes are sitting on the market for 71 days, there's a 1.9-month supply of inventory, and sales are up 35.1% year-over-year. Only 254 Spartanburg houses were sold in November 2025. These conditions create a prime opportunity for buyers to negotiate and secure a great deal.

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Spartanburg Housing Market Forecast for 2026

The housing market in Spartanburg is expected to shift toward more balanced conditions in 2026, as modest inventory growth and easing mortgage rates create improved opportunities for buyers.

Market Outlook:

Home prices expected to rise modestly by 2-4%, marking a return to sustainable growth
Inventory levels forecast to increase 5-10%, providing buyers with more selection
Wage growth outpacing home price appreciation improves long-term affordability prospects

Will the Spartanburg Housing Market Crash in 2026?

Industry experts agree the answer is no. Spartanburg benefits from strong market fundamentals, including substantial homeowner equity and disciplined lending standards that prevent distressed sales. With 1.9 months of supply and homes selling at 96.5% of the asking price, the market shows signs of healthy rebalancing rather than distress.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
71 days
Months of Supply:
1.9 months
Sale-to-List Ratio:
96.5%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Spartanburg Housing Supply

Spartanburg's real estate inventory continues to favor buyers. With 474 homes currently available in November 2025, the critical factor is the inventory expansion. Supply has grown 23.4% year-over-year, months of supply have decreased to 1.9 from 2 last year, and 135 new homes hit the market this month alone (up 58.8% year-over-year). This increased inventory gives buyers a better selection and stronger negotiating leverage. For sellers, it's important to list your home on MLS in South Carolina now before additional properties enter the market to help you stand out in an increasingly competitive landscape.

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Spartanburg Housing Demand

Spartanburg's housing demand signals a buyer-friendly environment. With the sale-to-list price ratio at 96.5% in November 2025, the key indicator is weakening seller pricing power. Only 10.3% of homes sold over asking price (down from 13.8% last year), the sale-to-list ratio dropped 1.9% year-over-year, and houses in Spartanburg with price reductions climbed from 46.1% to 64.9%. These metrics confirm that buyers control the market and sellers need to price competitively to attract offers.

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Frequently Asked Questions

How have Spartanburg house prices changed over the past year?

Median home prices in Spartanburg have increased by 10% YoY, and now stand at $275,000. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

What are Spartanburg real estate market predictions for 2025?

House prices in Spartanburg, South Carolina, should stabilize in the coming months. However, affordability remains a challenge across the South Carolina housing market, due to rising mortgage rates.

What's the average home price in Spartanburg?

The average house price in Spartanburg depends on the property type, size, and local market conditions. Condos cost around $187,250, while single-family homes average $284,900. You can also find cheap homes for sale in Spartanburg that fit your budget.

What is a good time to buy a home in Spartanburg?

August to December is typically the best time to buy a house in Spartanburg, when supply is high and demand is low. Before buying, check if mortgage rates are stable and ensure there's more than 6 months of housing inventory available. Make sure you assess the current housing market trends in Spartanburg before you invest.

When will the Spartanburg housing market crash?

According to housing market forecasts, the market is unlikely to crash in the near future. Home prices and demand should increase during the summer, and stabilize by winter. The market is projected to remain steady, with sustained growth through 2025 and beyond.

How to buy a home in Spartanburg?

Set a clear budget and get a mortgage pre-approval. Then, explore homes for sale in Spartanburg, submit your offers, secure loans, and complete the closing process.

How can I list my home for sale in Spartanburg, SC?

You can list your home for sale with a Flat Fee MLS South Carolina listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Spartanburg?

The average mortgage rate for buyers fluctuates between 6.4% and 6.9%. It depends on the market and your credit score. Always check current rates with lenders before you apply.

What is a good time to sell a house in Spartanburg?

February to July is typically the best time to sell a house in Spartanburg, when demand is high and homes spend fewer days on the market. Carefully assess market trends in your specific area before you act.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
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