Fort Mill Real Estate August 2024

SALES IN FORT MILL DECLINED MONTH-OVER-MONTH & YEAR-OVER-YEAR

Sales in August 2024 declined 7.38% to 138 from 149 in the previous month of July. Sales in August 2024 were also 8.61% lower than the 151 sales in the same month one year ago. August 2024 sales were higher than the 105 sales in August 2022. 

NEW LISTINGS IN FORT MILL INCREASED TO THEIR SECOND HIGHEST LEVEL IN THREE YEARS

New listings in Fort Mill increased 9.3% to 188 in August 2024 from 172 one month ago. New listings increased 46.88% from 128 in August one year ago. New listings were also higher than in August 2022, which saw 128 new listings come on market. 

FORT MILL HOUSING INVENTORY INCREASED AN 8TH CONSECUTIVE MONTH

The number of properties for sale in August 2024 was 452, up 5.61% from 428 in the previous month of July. Inventory was also higher than in August 2023 (289) and August 2022 (343).  Housing inventory was at its highest level in the past three years.

The months supply of inventory increased to 3.28 months from 2.94 months in the previous month of July, keeping Fort Mill in home seller territory in August 2024.

AVERAGE DAYS ON MARKET INCREASED

Average days on market in Fort Mill were 34 days, up 10 days from the previous month of July. Days on market were 16 days higher than in August one year ago. Days on market were 17 days higher in the current year than what we saw in August 2022. 

LIST TO SALE PRICE RATIO DECLINED

The August 2024 list to sale price ratio was 98.14%, essentially equal to what we saw in the previous months of July, June and May. Compared with August 2023, the list to sale price ratio declined from 99.88% one year ago. Fort Mill home buyers are not seeing any significant opportunity to negotiate on price.

FORT MILL SALE PRICES 

Average home sale price was $576,513 in August 2024, equal to the previous month of July. Year-over-year, the average home price improved 5.14% from $548,319 in August 2023. The August 2024 average home sale price was at its highest level compared with August 2023 and 2022.

Median home sale price declined 6.2% to $499,950 in August 2024 from $533,000 in the previous month of July. Year-over-year, the median sale price increased 8.68% from $460,000 in August 2023. 

Price per square foot was $235, equal to the previous month of July. Year-over-year, the price per square foot increased 8.29% from $217.

Map of Fort Mill, South Carolina

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Did you know… 

Fort Mill has been ranked the #4 best Charlotte area suburb by niche.com?

Fort Mill has been ranked the #2 best place to raise a family in South Carolina by niche.com?

Fort Mill has been ranked the #1 suburb with the best public schools in South Carolina by niche.com?

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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 since 1999.

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:

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