Fort Mill Real Estate March 2023

Fort Mill real estate in March 2023 (29715 and 29708 zip codes) saw increased sales and higher sale prices month-over-month, as well as an increase in new listings and inventory. Year-over-year, new listings declined. Days on market declined from February 2023, but increased compared with the same month one year ago. List to sale price ratio steady at just under 99%.

[brew-blog-toc]

Fort Mill Housing Market Snapshot: March 2023

Fort Mill, SC Real Estate Report March 2023

 

SALES DOWN SLIGHTLY YEAR-OVER-YEAR | UP DRAMTICALLY MONTH-OVER-MONTH

Sales in March 2023 were 123, up 92.2% from 64 in February 2023. Year-over-year sales declined 7.52% from 133 in March 2022. The March 2023 sales were at their lowest level compared with March 2022 (133 sales) and March 2021 (162 sales). At the same time, March’s sales were at their highest level since June 2023 when there were 141 closed sales.

 

NEW LISTINGS DOWN YEAR-OVER-YEAR | UP MONTH-OVER-MONTH

New listings in Fort Mill were 127, increasing 60.8% from 79 in February 2023. New listings were 3.1% lower than the 131 new listings in March 2022.  The March 2023 listings were at their lowest level compared with March 2022 (131 new listings) and March 2021 (177 new listings). March’s new listings were at their highest level since August 2023, when there were 128 new listings.

 

FORT MILL INVENTORY UP YEAR-OVER-YEAR

The number of properties for sale in March 2023 was 300, up 5.3% from February 2023. Inventory increased 23.9% compared with March 2022. Inventory in March 2023 was at its highest level compared with March 2022 (232 listings) and March 2021 (249 listings). With the exception of February 2023, this was the lowest level of inventory in Fort Mill since May 2022 when the number of properties for sale stood at 282.

 

AVERAGE DAYS ON MARKET UP DRAMATICALLY YEAR-OVER-YEAR | DOWN MONTH-OVER-MONTH

Average days on market in Fort Mill were 43 days, down 18.9% from 53 days in February 2023. Days on market were up 29 days compared with March 2022 and up 28 days compared with March 2021. 

 

LIST TO SALE PRICE RATIO JUST UNDER 99%

The March 2023 list to sale price ratio was 98.91%, virtually equal to the ratio in January and February 2023, but down 3.97% from 102.88% in March 2022. It’s been some eight months since Fort Mill’s list to sale price ratio was 100% or more. Nonetheless, Fort Mill home buyers are not enjoying big discounts on homes.

 

FORT MILL HOME AVERAGE SALE PRICE INCREASED 11+% MONTH-OVER-MONTH

Average home sale price increased 11.23% to $491,839 month-over-month from $442,195. Year-over-year, the average home price decreased 2.1% from $502,395 in March 2022. Average home price was higher compared with March 2021.

 

Median home sale price increased 2.14% to $432,560 in March 2023 from $423,500 in February. Year-over-year, the median sale price rose 1.8% from $424,900 in March 2022. The median sale price was at its highest compared with March 2022 and March 2021.

 

Price per square foot was $211, increasing $12/square foot (+3.43%) month-over-month. Year-over-year, average price per square foot increased 3.43% from $204 per square foot.

 

MEDIAN HOME PRICE TRENDS IN FORT MILL, SC

 

MORE DETAILS ON THE FORT MILL HOUSING MARKET’S PERFORMANCE

 

Want to know what this would mean for your family if you decide to buy or sell a Fort Mill home?

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION.

A consultation with Carolinas Realty Partners is FREE

 

 

Did you know… 

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?

Why not check out…

THE 8 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

Hottest Selling Fort Mill, SC Neighborhoods

 

 

WELCOME TO FORT MILL, SC: VIDEO

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

 

 

  FREE Home Buyer Guide “Things To Consider When Buying A Home” 

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

 

What's My Home Worth?

 

Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We’re happy to provide an expert home value analysis with no obligation on your part.

 FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

ASK US ABOUT COLDWELL BANKER’S REALVITALIZE PROGRAM

RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

 

RealVitalize Home Improvement Program By Coldwell Banker

 

This Greater Charlotte, North Carolina real estate monthly update for Fort Mill, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Greater Charlotte area residential real estate experts and Fort Mill specialists. We’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:

 “The Right Broker Makes All The Difference.”

 

Find Your Fort Mill Dream Home