Fort Mill, SC Home Prices Increase 19.3% Y-O-Y In December 2021

By
Real Estate Agent with Coldwell Banker Realty

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

FORT MILL HOUSING MARKET HIGHLIGHTS:

December 2021 vs December 2020

Fort Mill, SC Real Estate Update For December 2021

 

Fort Mill's housing market (29715 and 29708 zip codes) remained a seller's market in December 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 19.8%. Closed sales dropped 11.1% year-over-year in December. Lack of inventory limited the number of pending and closed sales in December.

 

New listings decreased 4% in Fort Mill year-over-year. Housing inventory dropped 28.4% year-over-year. The months supply of homes decreased 22.2% to 0.7 months from 0.9 months in the same month one year ago and from 1.9 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 7 days to 16 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 27 days versus December 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 December 2021. On average, listed homes had 14.8 showings, up 41% from 10.5 showings in December 2020. In December 2019 listed homes had an average of 5.7 showings. It's a matter of more buyers "chasing" after fewer homes.

 

Sellers received a median 100.7% of list price, up 0.7% year-over-year. Home buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 19.3% in December 2021 versus December 2020.  Median home sale prices increased 21.6%. Average sale price was $466,519, increasing month-over-month, as well. Median sale price was $407,500. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $197, up $44/square foot one, year-over-year. This is a new price per square foot high for Fort Mill homes.

 

MORE DETAILS ON THE FORT MILL HOUSING MARKET'S PERFORMANCE

 

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.

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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  

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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 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
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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 (26)

Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

16 average days on the market is awesome for sellers for sure.  You numbers are similar to our's.  It is definitely still thinventory time around here.  Hope that you have a fabulous day!

Jan 18, 2022 05:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy.... wishing you a lovely Tuesday... sunny, but cold in Charlotte... at least most of the ice has melted down.

Jan 18, 2022 06:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog good morning, Bill... I've been saying those price increases need to level off soon for ages... no one seems to be listening to me!

Jan 18, 2022 06:28 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - the hot market is spreading into South Carolina.  The growth is amazing.

Jan 18, 2022 06:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Norma J. Elkins good morning, Norma... and those median days on market are even "crazier." I don't see anything changing too soon. Happy Tuesday to you.

Jan 18, 2022 06:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... my "part" of South Carolina is simply a mirror image of Charlotte... just another Queen City suburb now. What happens in Charlotte, happens in Fort Mill and Indian Land.

Jan 18, 2022 06:30 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Amazing numbers once again, and there seem to be no stopping in the rise of the real estate market in Charlotte, and South Carolina environs..  Happy Tuesday

Jan 18, 2022 07:16 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I know what will stop this rise in home prices here to some degree... more listings! Nonetheless, we will continue to have pressure on prices because of the number of people who are moving here.

Jan 18, 2022 08:33 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Price increases and snow Nina, sounds like fun ??? Happy Tuesday my friend 🙂

Jan 18, 2022 09:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... much of the snow has already melted, Paul... maybe more this weekend but I think it will be further north towards Raleigh.

Jan 18, 2022 09:54 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina= the lack of inventory is a problem and you can see it in the numbers. I see another storm is on the way but hope you don't get it. 

Jan 18, 2022 10:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... as I understand it, the storm is heading more towards central North Carolina and it's out of our area... but we'll see as the time gets closer.

Jan 18, 2022 11:54 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, great report as always, and a bit more reasonable increase in home values YOY.

Jan 18, 2022 03:13 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Another appreciative increase in values and all the necessary indexes are up with days on market down.  A fast selling market

Jan 18, 2022 06:51 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... the home prices in Fort Mill were already sky high before December! Let's see what happens in January as I don't see listings increasing.

Jan 19, 2022 04:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva good morning, Ed... houses are selling so quickly it makes your head spin. Buyers are dizzy!

Jan 19, 2022 04:30 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

Great market report Nina. I'm sure it will be very helpful to many in your area.

 

Jan 19, 2022 07:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sharon Tara thanks, Sharon... either helpful or it will depress a lot of prospective buyers! :)

Jan 19, 2022 08:43 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 22, 2022 09:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thanks, Myrl... top schools in Fort Mill make this area hugely in demand.

Jan 22, 2022 12:36 PM