Is Fairmont Mills, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairmont Mills is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Fairmont Mills has remained a Seller's Market.

Key Takeaway

Fairmont Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairmont Mills, SC

How much do homes in Fairmont Mills, SC cost?

Median Sold Price

$295,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,000(-4.8%)

Key Takeaway

Homes in Fairmont Mills have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in Fairmont Mills was $295,000 in March 2024, down 4.8% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $224.5K$205K
-8.7%
3 $280K$263.9K
-5.7%
4 $372.6K$331K
-11.2%
5+ $439.9K$500K
+13.6%

Summary: Fairmont Mills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Cities

Wellford
+21.0%
Duncan
+17.3%
Moore
-1.5%
Fairmont Mills
-4.8%

Housing Supply in Fairmont Mills, SC

How many homes are available in Fairmont Mills, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
142138-2.8%

Summary: The Fairmont Mills real estate market had 138 homes for sale in March 2024, a 2.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 8887
-1.1%
4 3631
-13.9%
5+ 1416
+14.3%

Summary: The Fairmont Mills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2047+135.0%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairmont Mills, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Fairmont Mills in March 2024, up by 135.0% month-over-month. Of the 43 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.

Days on Market for Fairmont Mills, SC

How long does it take to sell a home in Fairmont Mills, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days38 Days-22.0%

Summary: Homes in Fairmont Mills had an average of 38 days on market in Mar 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairmont Mills are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 47 homes were sold in Fairmont Mills; 34% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Fairmont Mills, SC

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