Spartanburg Housing Market Update: Is Now the Time to Buy?
The Spartanburg housing market in 2025 continues to demonstrate robust growth, positioning the city as a compelling destination for both homebuyers and investors. As of April 2025, the median home price in Spartanburg County reached $287,335, reflecting a 6.2% increase year-over-year. This upward trend is fueled by a surge in demand, with 824 homes sold in April alone—a significant rise from 508 sales in April 2024. Homes are selling faster, averaging just 41 days on the market compared to 51 days the previous year. Additionally, the average home value in Spartanburg stands at $221,227, marking a 5.2% increase over the past year. With ongoing downtown revitalization projects and a growing population, Spartanburg’s real estate landscape remains vibrant and promising.
Considering a home purchase in Spartanburg, SC? The 2025 housing market presents a mix of opportunities and challenges for prospective buyers. Here’s an in-depth look at the current landscape to help you make an informed decision.
1. Home Prices Show Moderate Growth
As of April 2025, Spartanburg’s median home sold price is $245,000, marking a 4.9% increase from the previous year. In Spartanburg County, the median price stands at $287,335, up 6.2% year-over-year. This steady appreciation indicates a healthy market, though price growth has slowed compared to the rapid increases seen during the pandemic years.
2. Inventory Levels Are Rising
The number of homes for sale in Spartanburg has increased by 14.2% compared to last year. This rise in inventory provides buyers with more options and reduces competition, potentially leading to more favorable purchase conditions.
3. Homes Are Spending More Time on the Market
In March 2025, homes in Spartanburg averaged 46 days on the market, a slight decrease from 47 days the previous year. This indicates a balanced market where buyers have more time to make decisions without the pressure of rapid sales.
4. Affordability Remains a Key Consideration
The Housing Affordability Index in Spartanburg is steady at 107, suggesting that homes are moderately affordable for the average buyer. However, with mortgage rates hovering around 7%, monthly payments are higher, impacting overall affordability.
5. Market Conditions Favor Buyers
Spartanburg is currently considered a buyer’s market, with homes selling for an average of 1.4% below the asking price. This shift gives buyers more negotiating power and the potential for better deals.
6. Economic Stability Supports the Market
Spartanburg’s diversified economy and ongoing downtown revitalization projects contribute to a stable housing market. The area’s growth and development make it an attractive location for long-term investment.
7. Is Now the Right Time to Buy?
Given the current market dynamics—moderate price growth, increased inventory, longer time on the market, and buyer-friendly conditions—now may be an opportune time to purchase a home in Spartanburg. However, potential buyers should carefully assess their financial situation, considering factors like mortgage rates and personal readiness.
Challenges Facing the Spartanburg Housing Market in 2025
While Spartanburg, South Carolina, continues to attract attention for its affordability and growth potential, the housing market faces several challenges that prospective buyers and investors should consider.
1. Affordability Pressures Amid Rising Home Prices
Despite being more affordable than many U.S. markets, Spartanburg has seen home prices rise. As of April 2025, the median home price in Spartanburg County reached $287,335, marking a 6.2% increase from the previous year. This upward trend, coupled with mortgage rates hovering around 7%, has led to higher monthly payments, impacting overall affordability.
2. Extended Time on Market Indicates Slower Sales
Homes in Spartanburg are taking longer to sell. In February 2025, the average time on market was 74 days, a significant increase from 38 days the previous year. This slowdown suggests a more cautious buyer base and potential overpricing in some areas.
3. High Percentage of Homes Selling Below Asking Price
A notable portion of homes are selling below their asking prices. In March 2025, homes in Spartanburg sold for an average of 1.4% below the asking price. This trend indicates a buyer’s market, where supply exceeds demand, giving buyers more negotiating power.
The median listing home price in Spartanburg remained flat year-over-year at $259,000 in March 2025. This stagnation may reflect the seller’s hesitation to adjust prices amid uncertain market conditions, potentially leading to prolonged listings and reduced market activity.
5. Economic Factors Contributing to Market Uncertainty
While Spartanburg benefits from a diversified economy, broader economic uncertainties can impact the housing market. Factors such as inflation, employment rates, and changes in consumer confidence can influence buyer behavior and market dynamics.
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Take Advantage of Spartanburg’s Hot Housing Market—Move Smart with Us!
When it comes to reliable Spartanburg storage solutions, Carey Moving & Storage stands out as the trusted choice for homeowners and businesses alike. Whether you need short-term storage during a move or a secure, long-term option for your valuables, Carey offers flexible, climate-controlled facilities designed to meet your specific needs. If you’re ready to make a move, Carey Moving & Storage is here to help make the transition seamless. As the market presents strong opportunities for buyers, partnering with a trusted moving company ensures your new beginning starts smoothly.
With over 100 years of experience and a commitment to customer satisfaction, our team ensures your belongings are protected and accessible when you need them. From packing and transport to safe, organized storage, we make the entire process seamless and stress-free. Don’t settle for less when it comes to your possessions: contact us today to learn more about our storage solutions and request your personalized quote.
You have been wonderful to work with. I was told you would be in contact with me during the move and you definitely kept the promise. It’s nice to know people meet and exceed expectations. Paul and I are happy with our experience and will definitely use you in the future should we move again.Thank you!
Melissa and Paul
Compliments to Everyone!I am very satisfied with driver Barney and Al. My compliments to everyone
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We are settled in, and have time to consider how easily the move was from Vonore, TN to Lansing, MI.The move not nearly as hectic as we thought it would be, this is in part due to the excellent performance by your people, namely Justin Schott the group leader. Justin had a handle on the entire move. Justin’s concerns were that the items be handled carefully and that they be placed where the client wanted them. Tim and Xavier are fine gentlemen, they too had the same concerns as Justin. Cody and Joe did their best to pack our goods so as to have little damage.The named are a credit to the Carey Moving Company. We are happy that we named you folks to do our transfer, thank you.
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Pat-As mentioned we have not fully unpacked yet so hopefully all things are here. Other than that confirmation, the fellows who moved us were extremely courteous and mannerly. Much appreciated. They were very careful about not scratching the walls. They were also careful to ask where items should be placed. They arrived on time for delivery.
Renee
I would like the manager of the Arden office to know that the staff that handled our move into your storage facility was superb. Kim explained everything very clearly up front and there were no nasty surprises thereafter. Brian bossed the packing day and the loading day with ease and grace and I cannot tell you how relieved I was to know I was in good hands. The others, Lori, Doug, Tom, and Bob were also very good at what they do. Thank you. I look forward to delivery as soon as we find a place. Thank you.
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I received my shipment on Sunday Feb 23rd. All items were in perfect shape. It was a great experience working with your company. Patrick was very helpful and knowledgeable. Being that I was in South Carolina for a very short time, he succeeded in getting everything set up in a timely manner to be packed and put on the truck. The packers were very nice and efficient and obviously packed items very well. The driver was thoughtful and called me several times to assure me that my items were on the way. He was friendly and efficient when he dropped off the boxes. You were very kind and helpful every time I called with a question and quickly handled all the paperwork.Please pass on our thanks and appreciation to all the people involved in the transport of our items.
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Hi again!I need to tell you that I am very pleased with the move. All is great!The gentlemen, Barnie and Allen were absolutely terrific. Very pleasant,careful, patient and hard working.I will recommend Allied for sure!Thanks, LoriHendersonville, NC to Westwood, MAMary Daniels
