Spartanburg’s real estate market in 2025 is experiencing moderate price growth, increased inventory, and shifting toward more buyer-friendly conditions, despite higher mortgage rates.
Home Prices and Affordability
The median home price in Spartanburg ranges from about $242,000 to $287,335 depending on the source and whether city or county data is cited; this is a year-over-year increase between 1.1% and 6.2%.
The average home value is around $229,335 as of mid-2025, up slightly from the previous year, while county-wide prices have seen a bit faster growth.
Homes are more affordable than many U.S. markets, but monthly payments have risen due to mortgage rates hovering around 7%.
Inventory and Market Dynamics
The number of homes for sale is up by over 14% compared to last year, providing more options and negotiating leverage for buyers.
Homes are staying on the market longer, averaging between 30 and 61 days, with exceptional “hot” listings selling faster—sometimes in as quickly as 11 days.
About 40% of active listings have seen price reductions, and roughly 75% of transactions involve seller concessions.
The housing affordability index is stable, but buyers face less pressure for rapid offers, with some homes selling slightly below asking price and extended negotiation times.
Market Types and Opportunities
The market is balanced or even shifting to favor buyers, with increased selection, more time for decision-making, and greater opportunity for negotiation over price and closing costs.
Several special financing programs are available, including down payment assistance for first-time buyers and USDA zero-down loans in some surrounding communities.
Downtown revitalization, job growth, and the appeal of mid-size living are ongoing drivers, making Spartanburg attractive for both homebuyers and investors.
The commercial real estate segment also expects falling vacancy rates and improved opportunities by the end of 2025.
Overall, prospective buyers should find 2025 to present more options and better negotiating conditions than the recent past, while sellers benefit from continued (if slower) growth and solid demand due to Spartanburg’s expanding economy.
SOURCES
[1](https://www.redfin.com/city/17499/SC/Spartanburg/housing-market)
[2](https://careymoving.com/spartanburg-housing-market-update-is-now-the-time-to-buy/)
[3](https://www.zillow.com/home-values/223267/southern-pines-spartanburg-sc/)
[4](https://gomortgage.com/spartanburg-housing-market/)
[5](https://www.zillow.com/home-values/7191/spartanburg-sc/)
