Fort Mill Real Estate Report: November 2021

Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in November 2021. Lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in November. Inventory remains low and buyer demand has not abated.

Fort Mill Housing Market Snapshot: November 2021

Latest news on the Fort Mill real estate market in November 2021 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 November with lower inventory, fewer months supply of housing, fewer days on market, and higher average and median home sale prices compared with the same month one year ago.

 

Pending sales decreased 1.6%. Closed sales dropped 10.3% year-over-year in November. Lack of inventory limited the number of pending and closed sales in November.

 

New listings decreased 18.9% in Fort Mill year-over-year. Housing inventory dropped 48% year-over-year. The months supply of homes decreased 50% to 0.6 months from 1.2 months in the same month one year ago and from 2.1 months in the same month two years ago.  Fort Mill has been a home seller’s market for at least three years now.

 

Average days on market decreased 14 days to 14 days versus the same month one year ago.  Median days on market were 4, decreasing 1 day versus the same month one year ago and decreasing 24 days versus November 2019. Average days on market were also three days lower month-over-month. Newly listed homes continue to sell as fast as they come on the market.

 

Pent-up demand for Fort Mill homes was also evident in the number of average showings per listing in November 2021. On average, listed homes had 14.8 showings, up 45.1% from 10.2 showings in November 2020. In November 2019 listed homes had an average of 6.1 showings. It’s a matter of more buyers “chasing” after fewer homes.

 

Sellers received a median 100.9% of list price, up 0.9% year-over-year. Home buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 19% in November 2021 versus November 2020.  Median home sale prices increased 25.5%. Average sale price was $463,556. Median sale price was $430,000. Both average and median home sale prices increased month-over-month. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $186, up $33/square foot one, year-over-year.

 

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

 

 

MORE DETAILS ON THE FORT MILL HOUSING MARKET’S PERFORMANCE

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

NOVEMBER 2021 VS NOVEMBER 2020

 

Fort Mill, SC Real Estate Report November 2021

 

 

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…

THE 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?

 

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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.

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 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

 

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 Greater Charlotte 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 why experience matters and how:

 “The Right Broker Makes All The Difference.”

 

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