The housing market in Spartanburg continues to see strong price appreciation, with values up 18.6% compared to last year. Home prices have increased 10.9% in the past month alone. At the current pace, all available homes in Spartanburg would sell out in just 1.9 months, indicating a continued supply shortage. Homes are now taking an average of 75 days to sell, significantly longer than the 37 days typical for this market. A significant 39.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 5.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Spartanburg market with the affordability index at 32.0. Looking ahead, the Spartanburg market is expected to maintain its current trajectory with relatively stable conditions.