Spartanburg Home Sales Jump 74% as Inventory Tightens, Diverging From Greenville’s Buyer’s Market

SPARTANBURG, S.C. — While Greenville County’s housing market has swung toward buyers this summer on a wave of new inventory, Spartanburg is moving in the opposite direction, with sales volume surging and supply tightening enough to keep sellers firmly in control.

Spartanburg recorded 516 home sales in June, up 73.7% from the same month a year ago, according to market data tracked through the Spartanburg Association of Realtors’ reporting network. The median sale price climbed to $266,500, a 6.6% increase year-over-year, while homes sold for a median $153 per square foot, up 9.3% from last year.

The defining shift is on the supply side. Months of available inventory fell to 1.16 in June, down from 2.35 a year earlier, even as 596 homes sat on the market and 197 new listings arrived during the month, a 20.1% increase from June 2025. That combination — more new listings but a shrinking months-of-supply figure — signals that buyer demand is absorbing new inventory almost as fast as it appears, a marked contrast to Greenville County, where active listings were up 28% year-over-year as of mid-June and inventory has been building toward a more balanced, buyer-friendly market.

Competition for available homes has also intensified. In June, 25.4% of Spartanburg homes sold above their asking price, up from 19.9% a year earlier, while the share of listings taking price cuts fell to 41.4% from 47.9%. Homes are still taking longer to sell than a year ago — a median 82 days on market, up nearly 8% — but the pricing data points to a market where well-positioned sellers retain leverage even as days on market tick up.

Real estate agents in the market attribute the divergence to Spartanburg’s relative affordability and its position along the I-85 corridor benefiting from continued industrial investment, including BMW’s ongoing expansion and other manufacturing announcements that have added jobs and drawn buyers priced out of Greenville’s core submarkets. With Spartanburg’s median price still roughly $100,000 below Greenville’s, first-time buyers and relocating workers have increasingly targeted the county even as 30-year mortgage rates hover near 6.3%.

For developers and investors, the numbers suggest Spartanburg has room to absorb additional for-sale product without the price softening now emerging in parts of Greenville County. For buyers, the tightening supply and rising above-asking sales share mean less negotiating leverage than in neighboring markets. Sellers, meanwhile, are positioned to benefit from steady price appreciation, though the lengthening time-to-sale suggests the market has not returned to the frenzied pace of 2021-2022. Local brokers say the next several months, typically the strongest selling season, will determine whether Spartanburg’s inventory crunch persists into fall or eases as new listings continue to accelerate.