What is the typical home value in Spartanburg - SC?

The typical home in Spartanburg - SC, SC is worth $276,827 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +2.4%.

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 40 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Spartanburg - SC?

27.9% 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.

PicksByProperty

SC · Metro #160

Spartanburg - SC housing market

Current home values, days on market, and price-cut activity for the Spartanburg - SC metro. Data refreshed from Zillow Research monthly.

Typical home value

$276,827

+2.4% vs. year ago

Median list price

$299,967

Days on market

40.0d

Listings w/ price cut

27.9%

Context

How to read this data

The typical home value ($276,827) 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 2.4% over the past year. In Spartanburg - SC, that means a home worth $270,339 last year is now worth roughly $276,827.

Homes listed in Spartanburg - SC sit on the market for roughly 40.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.