Fort Mill’s housing market (29715 and 29708 zip codes) was unquestionably a home seller’s market in January 2021, 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: January 2021
Latest news on the Fort Mill real estate market in January and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in January with much lower inventory, lower months supply of housing, a decrease in new listings, higher average home sale prices, and higher pending and closed sales.
Pending sales increased 1.5% and closed sales increased 86.2% year-over-year in January.
New listings decreased 22.5% in Fort Mill year-over-year. Housing inventory dropped 65.1% 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 15 days versus the same month one year ago. Median days on market were 3, decreasing 35 days versus the same month one year ago.
Sellers received a median 100% of list price, up 2.2% year-over-year. Home buyers clearly had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 3.1% in January 2021 versus January 2020, while median home sale prices increased 4.3%. Average sale price was $350,033 and median sale price was $315,900.
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FORT MILL HOUSING MARKET HIGHLIGHTS:
JANUARY 2021 VS JANUARY 2020
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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?
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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: