Is Gaffney, SC 29341 a buyer’s or seller’s market?

The Gaffney housing market right now

In the three months ending August 31, 2026, 15% of homes in Gaffney, SC 29341 sold above their list price, the typical home went under contract in 61 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 63 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (31 days then) and the median sale price rose 5% to $269,883. Overall, Gaffney is less competitive than a year ago, which gives buyers more room.

Within Cherokee County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Gaffney ranks #72 of 191 SC ZIP codes with enough sales (score 32 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) and Gaffney 29340 (20% sold over asking) are even more competitive.