Fort Mill Real Estate January 2023
Fort Mill Real Estate January 2023: Housing Market Trends
SALES DOWN DRAMATICALLY IN FORT MILL IN JANUARY 2023
Sales in January 2023 were 57, down from 102 in December 2022 and down from 85 in January 2022. The January 2023 sales were at their lowest level compared with January 2022 and January 2021. This was the lowest level of sales seen in one month in three years.
NEW LISTINGS DOWN YEAR-OVER-YEAR | INVENTORY UP YEAR-OVER-YEAR
New listings in Fort Mill were 99, up 50% from 66 in December 2022, but 5.7% lower than the 105 new listings in January 2022 and the 128 new listings in January 2021.
The number of properties for sale in January 2023 was 319, down 8.1% from December 2022, but 28.1% higher than 249 in January 2022. Inventory in January 2023 was at its highest level compared with January 2022 and January 2021. Despite the increase in inventory in January 2023, this was the lowest level of inventory in Fort Mill since June 2022.
AVERAGE DAYS ON MARKET UP DRAMATICALLY YEAR-OVER-YEAR
Average days on market in Fort Mill were 47 days, up from 4 days in December 2022. Days on market were up 30 days compared with January 2022 and up 32 days compared with January 2021. Days on market in January 2023 were the highest Fort Mill has seen since March 2021 when the days on market were 52.
LIST TO PRICE RATIO RATIO REMAINED BELOW 100%
The January 2023 list to sale price ratio was 98.5%, equal to the ratio in December 2022 and down 2.88% from 101.36% in January 2022. It’s been some six months since Fort Mill’s list to sale price ratio was 100% or more.
FORT MILL HOME AVERAGE & MEDIAN HOME SALE PRICES INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH
Average home sale prices increased 2.57% to $546,887 month-over-month. Year-over-year, average home prices increased 17.7% from $464,722 in January 2022. The January 2023 average sale price was at its highest level compared to January 2022 and January 2021.
Median home sale prices increased 5.6% to $475,000 in January 2023 over December 2022. Year-over-year, the median sale price rose 7.95% over $440,000 in January 2022. The January 2023 median home sale price was at its highest level compared with January 2022 and January 2021.
Price per square foot was $208, down $4/square foot (-1.89%) month-over-month. Year-over-year, average price per square foot increased 10.64% from $188 per square foot.
FORT MILL REAL ESTATE: MEDIAN HOME PRICE TRENDS
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Fort Mill has been ranked the #7 best Charlotte area suburb to live in?
Fort Mill has been ranked the #4 best place to raise a family in South Carolina?
Fort Mill has been ranked the #3 suburb with the best public schools in South Carolina?
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This Greater Charlotte, North Carolina Fort Mill real estate monthly update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Fort Mill specialist. I’ve been opening doors for Fort Mill home buyers and sellers since 1999.
If you’re considering selling or purchasing a home in the Fort Mill area or anywhere in the Charlotte metro region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
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