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Featured local agent — Gaffney, SC
Sarah Mitchell
Compass Real Estate · Gaffney, SC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gaffney, SC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$170,425median sale price
How is the Gaffney, SC housing market right now?
The median home sale price in Gaffney, SC is $170,425, down 12.6% year-over-year. Homes sell in an average of 47 days with 73 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gaffney a buyer's or seller's market?
Gaffney, SC is currently a balanced market, based on 3.3 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
47
Average pace
Active listings
73
3.3 months supply
Sale-to-list
96.9%
Below asking
What does the Gaffney housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $170,425 |
| Median list price | $214,900 |
| Year-over-year price change | -12.6% |
| Average days on market | 47 days |
| Active inventory | 73 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $127/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 21 |
| Listings with a price cut | 26.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gaffney by property type?
How the Gaffney, SC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $170,850 | $130/sq ft | 21 | 47 days |
| Condo / Co-op | $51,000 | $73/sq ft | 1 | 100 days |
Source: Redfin · Updated monthly
The Gaffney housing market is currently classified as a balanced market with a median sale price of $170,425. Prices have fallen 12.6% compared to last year, with homes spending an average of 47 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Gaffney
There are currently 73 homes listed for sale in Gaffney, South Carolina. The median listing price is $215K.
Active listings
73
Homes on market
Median list price
$215K
Avg. days on market
47
Days until sale
New this week
21
Newly listed
Who lives in Gaffney?
Population
12,612
Median income
$41,214/yr
Median age
32.8 years
Owner-occupied
54.2%
College grads
21.8%
Avg commute
17.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Gaffney?
Zillow home value
$189,721
Zillow rent index
$1,074/mo
Price-to-rent ratio
14.7x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Gaffney?
Gaffney is a community of approximately 13K residents with a median age of 32.8 years.The median household income is $41,214, which represents a working-class community with solid middle-income opportunities. 21.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.2%, showing a blend of owner and renter-occupied properties. The average commute time is 17.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gaffney offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gaffney?
12 schools tracked · 6,639 students
The largest public schools serving Gaffney, SC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gaffney High
Grades 9-12 · 1,878 students
Gaffney Middle
Grades 6-8 · 852 students
B. D. Lee Elementary
Grades PK-5 · 617 students
Cherokee Charter Academy
Grades PK-8 · 516 students
Grassy Pond Elementary
Grades PK-5 · 504 students
Limestone-Central Elementary
Grades PK-5 · 475 students
Northwest Elementary
Grades PK-5 · 425 students
John E. Ewing Middle
Grades 6-8 · 405 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gaffney, SC?
Want a head-to-head view? Compare Gaffney side-by-side with any other U.S. city using our market-comparison tool.
Is Gaffney a good real estate investment market?
For investors evaluating Gaffney, the price-to-rent ratio of 14.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 12.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gaffney's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gaffney's median home price.
Frequently asked questions
What is the average home price in Gaffney?
The median home sale price in Gaffney is $170,425, down 12.6% from last year.
How long do homes stay on market in Gaffney?
Homes typically spend 47 days on market before going under contract.
What is the median income in Gaffney?
The median household income is $41,214 per year.
Is Gaffney a buyer's or seller's market?
With 3.3 months of supply, Gaffney is currently a balanced market.
What is the Zillow home value estimate for Gaffney?
The Zillow Home Value Index (ZHVI) for Gaffney is $189,721, representing the typical home value in the area.
What is the median condo price in Gaffney?
The median condo/co-op sale price in Gaffney, SC is $51,000, compared to $170,850 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gaffney?
The median single-family home price in Gaffney, SC is $170,850 (about $130 per square foot).
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