Fort Mill’s housing market (29715 and 29708 zip codes) unquestionably remained a home seller’s market in February 2021, characterized by much lower inventory, razor-thin months supply of housing, fewer days on market, higher sale prices, with closed and pending home sales suffering from the lack of inventory.
Fort Mill Housing Market Snapshot: February 2021
Latest news on the Fort Mill real estate market in February and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in February with much lower inventory, lower months supply of housing, a decrease in new listings, higher average home sale prices, and lower pending and closed sales.
Pending sales decreased 5.1% and closed sales decreased 12.9% year-over-year in February. Lack of inventory is holding back increases in sales.
New listings decreased 6.8% in Fort Mill year-over-year. Housing inventory dropped 63.5% year-over-year. The months supply of homes decreased 61.1% to just 0.7 months from 1.8 months in the same month one year ago.
Average days on market decreased 20 days to 19 days versus the same month one year ago. Median days on market were 3, decreasing 9 days versus the same month one year ago.
Sellers received a median 100.8% of list price, up 1.4% year-over-year. Home buyers clearly had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 3.9% in February 2021 versus February 2020, while median home sale prices increased 7.5%. Average sale price was $358,315 and median sale price was $325,000.
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.
FORT MILL HOUSING MARKET HIGHLIGHTS:
FEBRUARY 2021 VS FEBRUARY 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…
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.
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
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.
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: