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'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?
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.
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
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?
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.
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
Comments (26)Subscribe to CommentsComment