Spartanburg, SC 29307 Real Estate Market Report

ZIP Code: 29307
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Spartanburg, SC (ZIP: 29307) exhibits a median sold price of $261,000, reflecting a stable market environment. The neighborhood has seen a flat price trend, indicating that prices have not significantly changed year-over-year. This stability in sold prices suggests a balanced market, although the elevated interest rate pressure may be influencing buyer activity and overall market dynamics.

The market is characterized by longer median days on market at 254 days, which points to a slower sales velocity and a potential excess supply relative to sales activity. While the median listing price stands at $282,450, the significant gap between listing and sold prices may indicate pricing friction, where sellers may need to adjust expectations to align with buyer sentiment. Overall, the market remains neutral to slightly cool, with strong local economic growth providing a supportive backdrop for potential buyers.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Spartanburg SC average around 6.64% compared to the 2026 average of 5.75%, representing a 0.89% increase for property owners.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price is $261,000, indicating stable market conditions despite elevated interest rate pressure.

2. Median days on market at 254 days suggest a slower sales velocity, pointing to elevated inventory levels relative to sales activity.

3. The median listing price of $282,450 reflects a notable gap from the sold price, indicating potential pricing friction in the market.

4. With a median market rent of $1,260, rental demand appears stable, supporting the overall market health.

5. The market temperature is currently assessed as cold, reflecting a neutral balance between supply and demand.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.