Fort Mill, SC Home Prices At Record Highs In April 2022

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Fort Mill, SC real estate market in April 2022...

What you need to know...

What it means for you...  

 

Fort Mill, South Carolina's average and median home prices reached record highs in April 2022. Home sellers enjoyed higher list to sale ratios, as well, at 104.3%, up 4.3% year-over-year and 2.3% month-over-month. 

 

Fort Mill's housing market (29715 and 29708 zip codes) remained a seller's market in April 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.

 

FORT MILL HOUSING MARKET HIGHLIGHTS:

April 2022 vs April 2021

Fort Mill, SC Real Estate Update For April 2022

 

Pending sales in Fort Mill decreased 8.3%. Closed sales decreased 15.3% year-over-year in April. Lack of inventory limited the number of closed and pending sales in April.

 

New listings decreased 1.2% in Fort Mill year-over-year. Housing inventory dropped 24.1% year-over-year. The months supply of homes decreased 14.3% to 0.6 months from 0.7 months in the same month one year ago and from 2.2 months in the same month two years ago. Fort Mill has been a home seller's market for more than three years now.

 

Average days on market decreased 7 days to 25 days versus the same month one year ago and are 18 days lower than they were in April 2020 (when we felt the first impact of the pandemic shut-downs).  Median days on market were 3, one day more than in the same month one year ago, and decreasing 9 days versus April 2020. 

 

Pent-up demand for Fort Mill homes was also evident in the number of average showings per listing in April 2022. On average, listed homes had 22.6 showings, up 25.6% from 18 showings in April 2021. 

 

Sellers received a median 104.5% of list price, up 4.3% year-over-year. Home buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices set new record highs, increasing 23.9% in April 2022 versus April 2021.  Median home sale prices increased 20%, also setting new record highs. Average sale price was $495,707.  Median sale price was $450,000. Month-over-month, median home prices almost $25,000. Average home sale prices are now approximately $127,000 higher than they were April 2020, while median home prices are now approximately $105,000 higher.  Greater demand for homes than supply of homes continues to drive home prices up.

 

Price per square foot increased to $215, up $48/square foot (+28.7%) year-over-year. The $215/per square foot sets a new record for Fort Mill.

 

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.

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 as a best suburb to live in?

 

WELCOME TO FORT MILL, SC: VIDEO

 

Why not check out...

THE 6 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

 Hottest Selling Neighborhoods In Fort Mill, SC 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

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  FREE Home Buyer Guide "Things To Consider When Buying A Home" 

 

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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.

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Instant Value For Your Fort Mill, SC HOme

 

 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

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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
Direct: 704-779-0813
Website: 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 (16)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. A seller's dream and a buyer's nightmare. That said you have an over supply of buyer's willing to have a nightmare. They should contact you to help ease the pain. Enjoy your day.

May 18, 2022 05:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin good morning, Wayne... for many buyers it's like a never-ending nightmare and the increase in mortgage rates is not helping.

May 18, 2022 05:20 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.

May 18, 2022 05:35 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

May 18, 2022 05:35 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

Over asking price is the average in the Fort Mills Housing Market...What seller wouldn't want to be in this market? Homeowners...Call Nina now!

May 18, 2022 05:44 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Another great Blog. I lived in Mt. Pleasant 1958-1963. My dad was in the Army then.

May 18, 2022 05:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler good morning, Eric... I would guess that you wouldn't recognize Mt Pleasant these days (unless you've been back to visit in recent times).

May 18, 2022 05:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning and thank you for popping by, Myrl. Wishing you a wonderful Wednesday.

May 18, 2022 05:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning to you again, Roy... and thanks much for stopping by. Wishing you a lovely day.

May 18, 2022 05:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... sellers need to start thinking about how long this market will last for them and make a move now.

May 18, 2022 05:54 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, Fort Mill is seeing great list prices and sellers are still seeing way over list price, great job.  Not so much for the buyers.

May 18, 2022 06:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Fort Mill is so competitive these days... it enjoys some of the very best schools (at all levels) in the Charlotte region, so very much in demand by families with school age kids.

May 18, 2022 06:27 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

4% over asking on average is high especially when considering that the homes are not cheap

May 18, 2022 12:42 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva you said a mouthful, Ed... our most in-demand areas are all showing 2-4% over asking on average.

May 18, 2022 01:07 PM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

You do such a great job with your market reports! I'm sure both buyers and sellers in Fort Mill appreciate your hard work!

May 18, 2022 04:48 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sharon Tara good morning, Sharon... and thanks for that nice comment. Wishing you a terrific Thursday!

May 19, 2022 04:42 AM