Is Fairmont Mills, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fairmont Mills has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $224.5K | $205K | -8.7% |
3 Bedrooms | $280K | $263.9K | -5.7% |
4 Bedrooms | $372.6K | $331K | -11.2% |
5+ Bedrooms | $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%.
Housing Supply in Fairmont Mills, SC
How many homes are available in Fairmont Mills, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
142 | 138 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 88 | 87 | -1.1% |
4 Bedrooms | 36 | 31 | -13.9% |
5+ Bedrooms | 14 | 16 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 47 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 38 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
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.