Homes in South Converse are moving at a measured pace in the latest rolling three-month period, with a median of 95 days on market. That is dramatically higher than a year ago, when typical days on market were much lower, and longer than the broader Spartanburg market, which is also experiencing slower movement. This slower pace gives buyers more time to evaluate options and negotiate. Sellers, however, may need to plan for longer listing timelines and more careful pricing.
Home values and asking prices have shifted down notably over the past year. The typical home value is down more than 20% year over year, and the median list price has fallen at a similar rate. Despite softer prices, the average sale-to-list ratio is just under 96%, suggesting sellers are still achieving most of their asking price.
Supply has expanded, with active listings up nearly 30% from a year ago and months of supply more than doubling to about 5.2 months, higher than the 4.2 months seen across Spartanburg. New listings have surged by roughly two-thirds year over year, yet pending sales are down sharply, pointing to more choices but cooler demand. Very few properties are selling above list price now, and about one in four go under contract within two weeks, highlighting a mix of slower and faster-moving homes. In this kind of nuanced market, both buyers and sellers can benefit from Agent Pronto helping them connect with a skilled local real estate agent.
