Fort Mill, SC Homes Sold In Just 9 Days, On Average, In August 2021

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Fort Mill, SC real estate market in August 2021 and what it means for you...  

 

Fort Mill's housing market (29715 and 29708 zip codes) remained a seller's market in August with significantly lower inventory, lower months supply of housing, fewer days on market, and higher average and median home sale prices. With homes selling in just nine days on average, buyers need to act fast! It's going, going, gone in Fort Mill, South Carolina.

 

Pending sales decreased 16.5%. Closed sales dropped 6.2% year-over-year in August. Lack of inventory limited the number of pending and closed sales in August.

 

New listings decreased 12.5% in Fort Mill year-over-year. Housing inventory dropped 45.2% year-over-year. The months supply of homes decreased 50.0% to 0.8 months from 1.6 months in the same month one year ago and from 2.3 months in the same month two years ago. Clearly, Fort Mill has been a seller's market for at least five years now.

 

Average days on market decreased 25 days to 9 days versus the same month one year ago.  Median days on market were 3, decreasing 5 days versus the same month one year ago and decreasing 25 days versus August 2019. 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 August 2021. On average, listed homes had 13.7 showings, up 25.7% from 10.9 showings in August 2020. In August 2019 listed homes had an average of 8.4 showings. It's a matter of more buyers "chasing" after fewer homes.

 

Sellers received a median 102.1% of list price, up 3.5% year-over-year. Home buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 25.8% in August 2021 versus August 2020.  Median home sale prices increased 121.7%. Average sale price was $484,600 (almost $30,000 higher than in July 2021). Average home prices have increased about $128,000 in the two years since August 2019. Median sale price was $415,000. Median home sale prices have increased about $94,000 in the two years since August 2019. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $186, up $37/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?    

Have questions about Fort Mill real estate? Call Nina Hollander for answers.

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:

August 2021 vs August 2020

Fort Mill, SC Housing Market Snapshot August 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 

  Hottest Selling Fort Mill, SC 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 Fort Mill, SC 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 FORT MILL 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."

 

 

Read the original post 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)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia... it's been a very busy year from a work perspective, but also difficult in terms of health challenges, both for my husband and for me. Just taking it one day at a time.

Sep 26, 2021 09:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra. Victoria and I are on our way to do a bit of retail therapy.

Sep 26, 2021 09:12 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - I understand. I'd like to think that with every challenge we encounter and whatever comes our way, we gain deeper perspective, true maturity, and fuller knowledge about what really matters when it comes to family. 

Sep 26, 2021 09:17 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, good to get these valuable market reports out, as we are nearing the end of the month.   I missed so many while on vacation, behind the 8 ball now.

Sep 26, 2021 10:20 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Congratulations, Nina, on another successful transaction.

Have a productive week.

Sep 26, 2021 11:11 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- once again, another thorough market report for Fort Mill, SC. Your market is amazing. 

Sep 26, 2021 11:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP oh for sure, Patricia. Then again, sometimes, it would be nice just to have a period of peace.

Sep 26, 2021 12:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... I finally managed to catch up yesterday with my market reports on my website. Just two more left to do here in the Rain. Very late this month.

Sep 26, 2021 12:37 PM
Joan Cox

I think I have 6 or 7 left.....

Sep 26, 2021 02:24 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley Thanks, Roy. I have another very busy week ahead of me. Can't wait for a bit of slowdown in about 30 days.

Sep 26, 2021 12:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... when people say the market is slowing down I keep asking where.

Sep 26, 2021 12:39 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander, Broker  - Hot markets like this one make the buyer and agent work so much harder to find that right home.  Your buyers are lucky to have an expert like you at their side. 

Sep 26, 2021 01:40 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® thanks, Sheri. It has been a crazy ride the past few years for home buyers... and I don't think anyone thought it would last quite this long.

Sep 26, 2021 02:05 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

There are clearly plenty of challenges for buyers in the Fort Mill housing market. 9 day average DOM is pretty quick...buyer need to be prepared to make quick decisions on touring homes and making offers!

Jeff

Sep 26, 2021 05:18 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Hi Doll, I just wanted to say that I hope you had a great weekend. We had fantastic weather with clear skys, very light winds, and the low 80's as a temp. If I couldn't say it's a perfect day I'd have to say it was a Nina Hollander, Broker day.

Sep 26, 2021 07:14 PM
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!

Sep 26, 2021 08:52 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS good morning, Jeff. I keep telling people who want to "sleep on it," that if they sleep on it, they probably won't sleep in it.

Sep 27, 2021 03:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm good Monday morning, Bob. Thanks for the nice message. I can't believe your temperatures were warmer than ours... although we did have gorgeous weather the last several days... no humidity, blue skies, and temperatures in the mi-d70's.

Sep 27, 2021 04:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Monday morning, Myrl. Trust you had a lovely weekend and are now looking forward to a terrific new week.

Sep 27, 2021 04:01 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

If someone wants a home in Fort Mill they better be prepared to act quickly since they aren't staying on the market long at all.

Sep 27, 2021 04:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi again, Brian... with sales moving this quickly, buyers barely have a chance to even get into a house to see it, much less make an offer.

Sep 27, 2021 05:36 AM