Is Gaffney, SC 29340 a buyer’s or seller’s market?

The Gaffney housing market right now

In the three months ending August 31, 2026, 20% of homes in Gaffney, SC 29340 sold above their list price, the typical home went under contract in 38 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 42 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (48 days then) and the median sale price rose 18% to $219,805. Overall, Gaffney is more competitive than a year ago, so tougher for buyers.

Within Cherokee County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 75%. On our competition score, Gaffney ranks #23 of 191 SC ZIP codes with enough sales (score 43 out of 100).

Nearby, buyers who want less competition could look at Blacksburg 29702 (0% sold over asking) or Cowpens 29330 (12% sold over asking), while Pacolet 29372 (25% sold over asking) is even more competitive.