Fort Mill’s housing market (29715 and 29708 zip codes) unquestionably remained a home seller’s market in June 2021 with a 40.7% year-over-year increase in homes sold. Much lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in June. Whatever impact the pandemic made on the Fort Mill housing market one year ago, it’s completely dissipated.
Fort Mill Housing Market Snapshot: June 2021
Latest news on the Fort Mill real estate market in June 2021 and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in June with significantly lower inventory, lower months supply of housing, fewer days on market, and higher average and median home sale prices.
Pending sales decreased 11.2%, however closed salesskyrocketed 40.7% year-over-year in June. Lack of inventory limited the number of pending sales in June.
New listings increased just 2.2% in Fort Mill year-over-year. Housing inventory dropped 60.5% year-over-year. The months supply of homes decreased 63.2% to just 0.7 months from 1.9 months in the same month one year ago and from 2.8 months in the same month two years ago. This shows that Fort Mill has been a seller’s market for at least three years now.
Average days on market decreased 19 days to 15 days versus the same month one year ago. Median days on market were 2, decreasing 8 days versus the same month one year ago. Newly listed homes continue to sell as fast as they come on the market.
Pent-up demand for Fort Mill homes was also evident in the number of average showings per listing in June 2021. On average, listed homes had 19.1 showings, up 78.5% from 10.7 showings in June 2020. In June 2019 listed homes had an average of 8.5 showings. Clearly, it’s a matter of more buyers “chasing” after fewer homes.
Sellers received a median 102.4% of list price, up 3.3% year-over-year. Home buyers clearly had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 27.7% in June 2021 versus June 2020. Median home sale prices increased 22.9%. Average sale price was $449,460. Median sale price was $399,900. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $181, up $33/square foot one, year-over-year.
Want to know what this would mean for your family if you decide to buy or sell a Fort Mill home?
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