Fort Mill real estate in June 2023 (29715 and 29708 zip codes) saw sales increase year-over-year and month-over-month. Average days on market were just 20 days in June 2023. Sale prices increased from last month and the list to sale price ratio increased to just over 100%. With just 1.77 months of inventory, Fort Mill was a seller’s market in June 2023.
Fort Mill Housing Market Snapshot: June 2023
SALES INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH
Fort Mill sales in June 2023 were 162, increasing 42.11% from 114 in May 2023. Year-over-year sales increased 14.89% from 141 in June 2022. June’s closed sales were at their highest level since July 2021 when there were 169 closed sales.
NEW LISTINGS DOWN YEAR-OVER-YEAR | UP SLIGHTLY MONTH-OVER-MONTH
New listings in Fort Mill were 138, up 1.47% compared with May 2023 when there were 136 new listings. New listings were 17.86% lower than the 168 new listings in June 2022. The June 2023 listings were at their lowest level compared with June 2022 (168 new listings) and June 2021 (179 new listings). June’s new listings were at their highest level since July 2022, when there were 141 new listings (but just by three properties).
FORT MILL INVENTORY DECLINED YEAR-OVER-YEAR
The number of properties for sale in June 2023 was 287, up 2.5% from May 2023. Inventory declined 17.05% compared with June 2022, which saw 346 properties for sale. In June, Fort Mill had just 1.77 months of inventory.
AVERAGE DAYS ON MARKET JUST 20 DAYS IN JUNE
Average days on market in Fort Mill were 20 days, down 4.76% from 21 days in May 2023. Days on market increased 11 days compared with both June 2022 and June 2011. The June 2023 days on market were at their lowest level since August 2022 when average DOM were 17 days.
LIST TO SALE PRICE RATIO INCREASED TO JUST OVER 100%
The June 2023 list to sale price ratio was 100.07%, up 0.45% from May 2023. The list to sale price ratio declined 2.75% from 102.82% in June 2022. It’s been some 10 months since Fort Mill’s list to sale price ratio has been steadily increasing since April. Fort Mill home buyers are not enjoying big discounts on homes and June’s list to sale price ratio was at its highest level since July 2022.
FORT MILL HOME AVERAGE & MEDIAN SALE PRICES UP FROM MAY 2023
Average home sale price increased 4.79% in June to $530,374 month-over-month from $506,108. Year-over-year, the average home price decreased 4.22% from $553,722 in June 2022.
Median home sale price increased 5.59% to $468,250 in June 2023 from $443,450 in the previous month of May. Year-over-year, the median sale price declined 4.24% from $489,000 in June 2022.
Price per square foot was $215, equal to the previous month of May 2023 and equal to that of June 2022.
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