Fort Mill, SC Housing Market Update: January 2021

By
Real Estate Agent with Coldwell Banker Realty

 

Latest news on the Fort Mill real estate market in January 2021 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. 

 

 

 

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:

JANUARY 2021 VS JANUARY 2020

 

 

Fort Mill SC Real Estate Snapshot January 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 10 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 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."

 

 

Read the original article at: www.GreatHomesInCharlotte.com 

 

 

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (24)

Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Good morning, Nina Hollander 
How thin can thinventory get?  I hope it starts bulking up soon. Maybe in the Spring?

Feb 18, 2021 05:23 AM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Days are the market is absolutely wild right now.  We are getting contracts from people who have not even seen the property and just include a contingency of looking at the home in person.  Thanks for the info and hope that you have a wonderful day!

Feb 18, 2021 05:55 AM
Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for the update for your area.  Closed sales up 86% year over year...Wow! I am with Carol Williams, I hope we start getting more supply soon.  We can really use more here in Elk Grove too.  One of the areas I specialize in and lived in for over 20 does not even have one home available to purchase.  That is truly remarkable.  Thanks again!

Feb 18, 2021 05:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Carol Williams hi Carol... thinventory is totally anorexic right now and soon to be on life support. We've been waiting for more spring inventory for 5+ years... rather than getting more of it, each year it diminishes.

Feb 18, 2021 05:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Norma J. Elkins hi Norma... we are also seeing offers for properties sight unseen... my experience with my sellers is that 99% of the time they won't accept an offer like that... with multiple offers on the table why take a chance buyers will walk once they see the home.

Feb 18, 2021 05:59 AM
Norma J. Elkins

totally agree but you have some that are dead set on trying


it any way

Feb 22, 2021 10:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, SRES, GRI hi Ray... we have so many neighborhoods where nothing has been up for sale in several years. Inventory is at critical stages.

Feb 18, 2021 06:00 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Sellers should not wait. Nina Hollander will Sell your Fort Mill home...and will sell it FAST!

Feb 18, 2021 06:06 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Your statistics show the sizzle to the market with sales up 86% over a year's span and houses going off market almost as fast as they come on market

Feb 18, 2021 06:14 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina Hollander and thank you for the  Fort Mill market update. You know how much I love the way you make it easy to follow.

Feb 18, 2021 06:16 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, that is a huge increase in closed sales!   Great market update for Fort Mill.

Feb 18, 2021 06:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... no problem selling a home fast... finding a new one just as fast is a whole other problem!

Feb 18, 2021 06:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva hi Ed... Fort Mill is a crazy, crazy market for sure. And so much more demand than homes for sale.

Feb 18, 2021 06:40 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... as a financial executive in Fortune 500 companie who made presentations to boards of directors, I learned a long time ago that different people process numbers in different ways... so you need a mix of ways to say the same thing.

Feb 18, 2021 06:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Fort Mill is a very popular place because of location, taxes, top schools... if there's something to buy people are buying.

Feb 18, 2021 06:43 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I am late to commenting this morning, even though I was up early.  Your market continues to be crazy given the fueled demand.  We wish you a more stable marketplace with lots of inventory.  Happy Thursday.  A

Feb 18, 2021 07:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra, for those wishes for a more stable market with inventory... I have a feeling it will be a while before your wishes come true. :) Happy Thursday to you.

Feb 18, 2021 08:12 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Fort Mill home buyers and sellers are sure to value your real estate market report, Nina.

Feb 18, 2021 06:17 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thanks, as always, Myrl, for popping by. Wishing you a lovely Friday and weekend ahead.

Feb 19, 2021 03:58 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I always love reading your market reports.  Looks like the market is hot and prices are strong! I can't believe how quickly properties are selling!

Feb 20, 2021 07:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe hi Lise... the "best" properties are all seeming to sell in a matter of days now.

Feb 20, 2021 08:32 AM

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