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Fort Mill, SC Home Sales Up 92.2% In March 2023 Over February 2023

By
Real Estate Agent with Coldwell Banker Realty 179530

Latest news on the Fort Mill, SC real estate market in March 2023...

What you need to know...

What it means for you...  

 

Fort Mill real estate in March 2023 (29715 and 29708 zip codes) saw a dramatic increase in month-over-month sales and a slight decline year-over-year. Closed sales were also at their highest since June 2022. Although new listings increased over February 2023, they were down year-over-year. Days on market in March were down compared with the prior month, but up over March 2022. At the same time, home prices increased month-over-month, but decreased year-over-year. List to sale price ratio was just under 99%.

 

FORT MILL HOUSING MARKET HIGHLIGHTS: MARCH 2023

Fort Mill, SC Housing Market Trends March 2023

 

SALES DOWN SLIGHTLY YEAR-OVER-YEAR | UP DRAMTICALLY MONTH-OVER-MONTH

Sales in March 2023 were 123, up 92.2% from 64 in February 2023. Year-over-year sales declined 7.52% from 133 in March 2022. The March 2023 sales were at their lowest level compared with March 2022 (133 sales) and March 2021 (162 sales). At the same time, March's sales were at their highest level since June 2023 when there were 141 closed sales.

 

NEW LISTINGS DOWN YEAR-OVER-YEAR | UP MONTH-OVER-MONTH

New listings in Fort Mill were 127, increasing 60.8% from 79 in February 2023. New listings were 3.1% lower than the 131 new listings in March 2022.  The March 2023 listings were at their lowest level compared with March 2022 (131 new listings) and March 2021 (177 new listings). March's new listings were at their highest level since August 2023, when there were 128 new listings.

 

FORT MILL INVENTORY UP YEAR-OVER-YEAR

The number of properties for sale in March 2023 was 300, up 5.3% from February 2023. Inventory increased 23.9% compared with March 2022. Inventory in March 2023 was at its highest level compared with March 2022 (232 listings) and March 2021 (249 listings). With the exception of February 2023, this was the lowest level of inventory in Fort Mill since May 2022 when the number of properties for sale stood at 282.

 

AVERAGE DAYS ON MARKET UP DRAMATICALLY YEAR-OVER-YEAR | DOWN MONTH-OVER-MONTH

Average days on market in Fort Mill were 43 days, down 18.9% from 53 days in February 2023. Days on market were up 29 days compared with March 2022 and up 28 days compared with March 2021. 

 

LIST TO SALE PRICE RATIO JUST UNDER 99%

The March 2023 list to sale price ratio was 98.91%, virtually equal to the ratio in January and February 2023, but down 3.97% from 102.88% in March 2022. It's been some eight months since Fort Mill's list to sale price ratio was 100% or more. Nonetheless, Fort Mill home buyers are not enjoying big discounts on homes.

 

FORT MILL HOME AVERAGE SALE PRICE INCREASED 11+% MONTH-OVER-MONTH

Average home sale price increased 11.23% to $491,839 month-over-month from $442,195. Year-over-year, the average home price decreased 2.1% from $502,395 in March 2022. Average home price was higher compared with March 2021.

 

Median home sale price increased 2.14% to $432,560 in March 2023 from $423,500 in February. Year-over-year, the median sale price rose 1.8% from $424,900 in March 2022. The median sale price was at its highest compared with March 2022 and March 2021.

 

Price per square foot was $211, increasing $12/square foot (+3.43%) month-over-month. Year-over-year, average price per square foot increased 3.43% from $204 per square foot.

 

MEDIAN HOME PRICE TRENDS IN FORT MILL, SC

(12 Month Rolling Average)

   

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.

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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 as a best suburb to live in?

 

WELCOME TO FORT MILL, SC: VIDEO

 

Why not check out...

THE 8 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

 Hottest Selling Neighborhoods In Fort Mill, SC 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

Get the properties you want delivered directly to your email for free from greathomesincharlotte.com

 

  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.

 

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

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.

 

This Greater Charlotte, North Carolina real estate monthly update for Fort Mill, SC is provided by  Nina Hollander, Coldwell Banker Realty,  Greater Charlotte area residential real estate expert and Fort Mill specialist. I've been opening doors for Fort Mill  home buyers and sellers for 24+ 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
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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.

 

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, as you say, price it right, they will sell, as the inventory is so slim in Fort Mill.

Apr 28, 2023 07:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... good staging and marketing also help, especially if the price is right!

Apr 28, 2023 07:53 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina,

With inventory so low if a seller will price their home right, have the home staged for a great presentation to the audience of buyers and have the home marketed extensively the home will sell!

Apr 28, 2023 08:04 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- There is still a good market in your area despite what some may read. best thing a seller or buyer can do is call you!!!

Apr 28, 2023 10:07 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Apr 28, 2023 10:37 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

 Hi Nina,

Fort Mills, SC, is a vibrant market.  This is only the beginning of the Spring market.  I see more good results in the coming months.

Apr 28, 2023 11:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Dorie... I couldn't have said it better myself! It's all about home preparation, great marketing, appropriate pricing. And yet, I see so many listings that are luck to have one of the three elements. Then they wonder why their homes don't sell.

Apr 28, 2023 01:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... ignore the media headlines is my mantra these days to home buyers and sellers!

Apr 28, 2023 01:54 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you, Roy... trust you've had a good Friday and are looking forward to a lovely weekend... sun was finally out in Charlotte today. Tomorrow will be a good day... but rain is back on Sunday!

Apr 28, 2023 01:55 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... from your lips to God's ears is all I can say. So far we are seeing some of the tightest inventory in our area I can recall. If there's nothing to sell it doesn't auger well for sales.

Apr 28, 2023 01:57 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Apr 28, 2023 03:34 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Nina I don't think I have ever seen an increase in home sales that high before.

Apr 28, 2023 03:42 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina in todays market I see the same, if a property is priced well it is in multiple offers on the other hand if it is ambitiously priced it will linger there for months.... skewing up the statistics, Endre

Apr 28, 2023 10:40 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... as always thanks much for stopping by and leaving me a comment. Happy Saturday!

Apr 29, 2023 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George... sales were very, very low in February in Fort Mill. Fortunately they increased in March instead of going down further.

Apr 29, 2023 04:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. you're spot-on, Endre. Whenever I see a home in an in-demand area of Charlotte with high DOM, I can always tell that it's been priced too high and/or not marketed well.

Apr 29, 2023 04:05 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You always provide us with what we need to know about Fort Mill and what it means to us!

Apr 29, 2023 04:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England well, thanks, Brian. Numbers are great, but we do need to let people know what they mean.

Apr 29, 2023 04:49 AM
Patricia Feager, ABR,CRS,GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - your recipes for marketing are working! You do a fine job in this department. I can only imagine how lucky buyers and sellers feel when they are represented by you.

May sales soar! 

Apr 29, 2023 06:18 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia, for the lovely comment. Not sure, though, if it was meant for me or for Dorie Dillard! If for me, I totally appreciate it!

Apr 29, 2023 01:54 PM
Patricia Feager, ABR,CRS,GRI,MRP

Nina Hollander, Broker - my comment was meant for you and only you. 

I made a correction. Thank you for bringing it to my attention.

 

Apr 29, 2023 03:16 PM
Nina Hollander, Broker

Patricia Feager, MBA, CRS, GRI,MRP no worries, Patricia. I've found myself writing a comment to someone more than once and then realizing I had put in the wrong person's name.

Apr 30, 2023 06:53 AM