Fort Mill’s housing market (29715 and 29708 zip codes) was unquestionably a home seller’s market in October 2020, characterized by much lower inventory, lower months supply of housing, lower days on market, higher sale prices, and higher pending and closed sales.
Fort Mill Housing Market Snapshot: October 2020
Latest news on the Fort Mill real estate market in October and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in October 2020 with much lower inventory, lower months supply of housing despite a small increase in new listings, higher home sale prices, and higher pending and closed sales.
Pending sales increased 5.3% and closed sales increased 35.8% year-over-year in October.
New listings increased a scant 2% in Fort Mill year-over-year. Despite the increase in new listings, housing inventory dropped 58.4% year-over-year. The months supply of homes decreased 59.1% to just 0.9 months from 2.2 months in the same month one year ago.
Average days on market decreased 15 days to 25 days versus the same month one year ago. Median days on market were 6, decreasing 12 days versus the same month one year ago.
Sellers received a median 100% of list price, up 1.3% year-over-year. Buyers had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 6.5% in October 2020 versus October 2019, while median home sale prices increased 8.4%. Average sale price was $377,426 and median sale price was $346,450.
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MORE DETAILS ON THE FORT MILL HOUSING MARKET’S PERFORMANCE
FORT MILL HOUSING MARKET HIGHLIGHTS:
OCTOBER 2020 VS OCTOBER 2019
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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 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.
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