Fort Mill’s housing market (29715 and 29708 zip codes) was unquestionably a home seller’s market in September 2020, characterized by much lower inventory, lower months supply of housing, lower days on market, higher sale prices, and higher pending and closed sales.
Fort Mill Housing Market Snapshot: September 2020
Latest news on the Fort Mill real estate market in September and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in September 2020 WITH much lower inventory, lower months supply of housing despite an increase in new listings, higher home sale prices, and higher pending and closed sales.
Pending sales increased an astounding 102.1% and closed salesincreased 5.1% year-over-year in September.
New listings increased 22.7% in Fort Mill year-over-year. Despite the increase in new listings, housing inventory dropped 56.9% year-over-year. The months supply of homes decreased 54.2% to just 1.1 months.
Average days on market decreased 16 days to 26 days versus the same month one year ago. Median days on market were 6, decreasing 13 days versus the same month one year ago.
Sellers received a median 100% of list price, up 1.8% year-over-year. Buyers had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 23.6% in September 2020 versus September 2019, while median home sale prices increased 16.6%. Average sale price was $414,155 and median sale price was $350,000.
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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