Is Fort Mill, 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, Fort Mill has remained a Seller's Market.
Key Takeaway
Fort Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fort Mill, SC
How much do homes in Fort Mill, SC cost?
Median Sold Price
$484,859
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fort Mill have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Fort Mill was $484,859 in March 2024, up 1.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.9K | $155K | +10.8% |
| 2 Bedrooms | $305K | $355.6K | +16.6% |
| 3 Bedrooms | $384K | $400.1K | +4.2% |
| 4 Bedrooms | $559.9K | $576K | +2.9% |
| 5+ Bedrooms | $705K | $715K | +1.4% |
Summary: Fort Mill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Fort Mill | $476.8K | $484.8K | +1.7% |
| Van Wyck | $500.2K | $500K | 0% |
Housing Supply in Fort Mill, SC
How many homes are available in Fort Mill, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 466 | 502 | +7.7% |
Summary: The Fort Mill real estate market had 502 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 81 | 82 | +1.2% |
| 3 Bedrooms | 183 | 205 | +12.0% |
| 4 Bedrooms | 130 | 114 | -12.3% |
| 5+ Bedrooms | 69 | 99 | +43.5% |
Summary: The Fort Mill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 43.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 129 | 150 | +16.3% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Mill, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 150 homes were sold or pending in Fort Mill in March 2024, up by 16.3% month-over-month. Of the 150 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Fort Mill, SC
How long does it take to sell a home in Fort Mill, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 30 Days | -27.6% |
Summary: Homes in Fort Mill had an average of 30 days on market in Mar 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Mill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 150 homes were sold in Fort Mill; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.