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Fort Mill, SC Homes Sold In 15 Days On Average In August 2023

By
Real Estate Agent with Coldwell Banker Realty 179530

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

What you need to know...

What it means for you...  

 

Just 2.0 months of inventory kept Fort Mill a home seller's market and homes selling in 15 days.

 

Key take-aways about the Fort Mill SC (29715 and 29708 zip codes) August 2023 housing market include:

  • Sales increased 36.7% in August after declining in July.

  • New listings declined from July 2023 and year-over-year. August 2023 saw the lowest level of new listings since February 2023.

  • Housing inventory increased slightly over July, but declined almost 20% compared with August one year ago. With just 2.0 months of inventory, Fort Mill remained a home seller's market.

  • Days on market declined to 17 days in August 2023 to their lowest level since August 2022.

  • List to sale price ratio was 99.89% providing minimal room for home buyers to negotiate on price. 

  • Home prices increased both month-over-month and year-over-year.

 

FORT MILL HOUSING MARKET HIGHLIGHTS: AUGUST 2023

Fort Mill, SC Home Sales Trends August 2023

 

SALES INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH

Fort Mill sales in August 2023 were 149, increasing 36.7% from 109 in July 2023. Year-over-year sales increased 41.9% from 105 in August 2022. Sales were slightly lower than in August 2021 when Fort Mill had 156 sales.

 

NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONTH

New listings in Fort Mill were 125, down 6.02% compared with July 2023 when there were 133 new listings. New listings were 2.34% lower than the 128 new listings in August 2022.  The August 2023 listings were at their lowest level compared with August 2022 (128 new listings) and August 2021 (152 new listings). August 2023 also saw the lowest level of new listings since February.

 

FORT MILL INVENTORY DECLINED YEAR-OVER-YEAR | INCREASED MONTH-OVER-MONTH 

The number of properties for sale in August 2023 was 298, up 3.47% from July 2023. Inventory declined 17.91% compared with August 2022, which had 363 properties for sale. In August, Fort Mill had just 2.0 months of inventory, keeping it in "seller territory."

 

AVERAGE DAYS ON MARKET JUST 17 DAYS IN AUGUST

Average days on market in Fort Mill were 17 days, down 32% from July's 25 days. Days on market were flat compared with August 2022, but 10 days higher than in August 2021.  August's days on market were at their lowest level since August 2022.

 

LIST TO SALE PRICE RATIO JUST UNDER 100%

The August 2023 list to sale price ratio was 99.89%, up 0.18% from July 2023. The list to sale price ratio remained unchanged compared with August 2022.   Fort Mill home buyers are not enjoying big discounts on homes.

 

FORT MILL HOME AVERAGE & MEDIAN SALE PRICES 

Average home sale price increased 6.62% in August to $547,988 month-over-month from $513,984. Year-over-year, the average home price decreased 3.69% from $568,991 in August 2022. 

 

Median home sale price increased 1.97% to $460,000 in August 2023 from $451,125 in the previous month of July. Year-over-year, the median sale price declined 9.09% from $506,000 in August 2022. 

 

Price per square foot was $217, equal to the previous month of July 2023 and to that of August 2022.

 

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.

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION.

A consultation with Nina Hollander 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 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 me 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.

I'm 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 ME 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
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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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, looks a bit like a roller coaster, but still doing well this month.  

Sep 27, 2023 10:03 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- the last line in your post says it all   "The Right Broker Makes All the Difference."

Sep 27, 2023 10:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... two months of inventory is what we saw during the pandemic! And we thought inventory was tight then!

Sep 27, 2023 12:17 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

The market sounds great still. I close tomorrow on a house that sold in 2 days, for a price I do not know how it appraised. Bill 

Sep 27, 2023 12:18 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... experience does matter and so does the right broker. You can't shortcut the process to experience.

Sep 27, 2023 12:19 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - East Valley I have two in contract like that. No idea how they appraised, but I'll take it. I did, however, have appraisal gap addendums with the contracts that said buyers would bring the difference if they didn't appraise. Good luck with your closing tomorrow.

Sep 27, 2023 12:31 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

As always a thorough and well-researched market report to let buyers, and sellers, know what's happening in the local Fort Mill SC housing market as well as what it means for them so that with your guidance and experience they can make well-informed decisions.

Jeff

Sep 27, 2023 02:41 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.

Sep 27, 2023 06:24 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS thanks, Jeff... I've always felt it's a waste of time to do market reports if they aren't comprehensive. 

Sep 28, 2023 04:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning and thanks, Myrl, for popping by. Trust you've been enjoying a good week.

Sep 28, 2023 04:25 AM