Spartanburg, SC 29307 Real Estate Market Report

ZIP Code: 29307
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market-value signal is the median sold price: 269,900, which represents the most reliable recent transaction indicator for Spartanburg 29307 and should be the focal point for pricing decisions; price trend is up year-over-year, supporting modest upward pressure on valuations.

2. The median listing price: 264,900 sits slightly below the median sold price, which may indicate sellers are, on average, achieving sale prices at or above asking — pricing friction appears limited and sellers may be capturing modest premium relative to list expectations; balanced seller/listing dynamics.

3. The median days on market: 288 signals materially slower sales velocity than typical fast-turn markets and suggests longer marketing windows are likely required; this longer time on market may indicate buyers are taking more time to transact even as prices trend up, so underwrite timelines conservatively and plan longer holding periods when estimating time-to-sale; slower transaction velocity.

4. Rental fundamentals show a median market rent: 1,100 combined with a median price per square foot: 150, and rent is trending up year-over-year, which supports steady to improving rental demand; with moderate interest rate pressure in the backdrop, expect financing sensitivity among buyers but continued interest from landlords targeting rent growth.

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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.

Spartanburg, SC 29307 Real Estate Market Report

ZIP Code: 29307
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The market value anchor is the 148,450 median sold price, which represents the most recent representative transaction level and suggests realized pricing near this mark; use sold prices, not asking prices, for valuation.

2. With a 220 median days on market, the area shows slower sales velocity that may indicate pricing friction or buyers taking more time to transact despite deal flow, consistent with a neutral market temperature.

3. The 103 median price per square foot and the 950 median market rent together indicate a specific local pricing structure for SFR and condominium properties; rent growth is positive year-over-year, supporting stable investor interest in rental conversions.

4. Market context shows a neutral market temperature with a price year-over-year trend up and rent year-over-year trend up, while interest rate pressure is moderate; given the relatively constrained active supply in the analyzed sample, this combination suggests measured price appreciation but continued caution on transaction timing.

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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.