Fort Mill Real Estate Report: December 2020

Fort Mill’s housing market (29715 and 29708 zip codes) was unquestionably a home seller’s market in December 2020, characterized by much lower inventory, razor-thin months supply of housing, fewer days on market, higher sale prices, and higher pending and closed sales.

Fort Mill Housing Market Snapshot: December 2020

Latest news on the Fort Mill real estate market in December and what it means for you…

 

Fort Mill Real Estate UpdateFort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in December 2020 with much lower inventory, lower months supply of housing despite an increase in new listings, higher average home sale prices, and higher pending and closed sales.

 

Pending sales increased 58.9% and closed sales increased 26.7% year-over-year in December. 

 

New listings increased 18.5% in Fort Mill year-over-year, but did little to alleviate inventory shortages. Despite the increase in new listings, housing inventory dropped 59.6% year-over-year. The months supply of homes decreased 63.2% to just 0.7 months from 1.9 months in the same month one year ago.

 

Average days on market decreased 39 days to 20 days versus the same month one year ago. Median days on market were 5, decreasing 26 days versus the same month one year ago.  

 

Sellers received a median 100% of list price, up 2% year-over-year. Buyers clearly had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 3.2% in December 2020 versus December 2019, while median home sale prices decreased 0.9%. Average sale price was $387,248 and median sale price was $329,000. The small decrease in median home sale prices is most likely due to the price mix of homes sold in Fort Mill and not a result of dropping home values.

 

 

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

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

 

 

MORE DETAILS ON THE FORT MILL HOUSING MARKET’S PERFORMANCE

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

DECEMBER 2020 VS DECEMBER 2019

 

Fort Mill SC Home Sales Report December 2020

 

 

 

Did you know… 

Fort Mill has been ranked as the #6 best Charlotte suburb to live in and #7 in the North Carolina region/area as a best suburb to live in?

Why not check out…

 

6 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

 

Hot Fort Mill/Tega Cay Neighborhoods

 

 

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.

 

Coldwell Banker RealVitalize Program For Home Sellers

 

 

MEDIAN HOME PRICE TRENDS IN FORT MILL, SC

 

 

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 Charlotte metro area residential real estate experts and Fort Mill specialists. We’ve been opening doors for Fort Mill  home buyers and sellers for 20+ years.

 

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 how:

 “The Right Broker Makes All The Difference.”

 

Find Your Fort Mill Dream Home


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