Fort Mill/Tega Cay Housing Markets: March 2019. How Did They Do?

Fort Mill & Tega Cay, South Carolina Housing Market Report For March 2019

March 2019 home sales in the Fort Mill and Tega Cay, South Carolina (29715 and 29708 zip code areas) in the Charlotte, NC metro region continued the trends we’ve seen since the start of 2019 and since 2016 with inventory remaining tight, home prices increasing and as “affordable” homes become increasingly harder to find. 

VIDEO UPDATE FOR FORT MILL, SC HOUSING MARKET:  MARCH 2019

VIDEO UPDATE FOR TEGA CAY, SC HOMES: MARCH 2019

• Average sale price of Fort Mill area homes increased 2.7% in March 2019 to just under $331,000 compared with March 2018.
• Median sale price was down 2.3% to $296,000 in March 2019 versus March 2018.
• Average days on market for Fort Mill property listings were 53 days in March 2019, down one day compared with the same month last year and down by 9 days since February 2019.
• Median days on market in Fort Mill were 15 days in March 2019, a decrease of 3 days compared with one year ago and down 17 days compared with the prior month.
• Price per square foot  for Fort Mill homes was $133/square foot in March 2019, increasing by $1 per square foot versus the same month one year ago.
• Closed sales of homes in Fort Mill during March 2019 increased 0.8% compared with the same period last year. 
• Pending sales in March 2019 were up 6.8% in Fort Mill compared with the same month one year ago.
• Median percent of original list price that sellers received for their homes was 98.1% in Fort Mill, indicating minimal negotiating room for buyers. 
• Months supply of homes dropped 16.1% to 2.6 months in March 2019, indicating predominantly a seller’s market in Fort Mill with inventory of homes dropping by 10.9%.
• New listings in Fort Mill increased slightly by 2.2% in March 2019 compared with March 2018.

• Home sale prices averaged just under $357,000 for Tega Cay homes in March 2019, increasing 16.4% compared with March 2018. 
• Median home sale prices were up 3.8% in March 2019 versus last year at $331,500; and also increasing each of the two prior months of January and February.
• Average days on market were 130, increasing by 40 days in March 2019 compared with one year ago.
• Median days on market in Tega Cay were 90 days, increasing in March 2019 by 50 days versus one year ago. 
• Price per square foot in Tega Cay was $124 in March 2019, down $5 per square foot compared with March 2018.
• Closed sales in Tega Cay dropped 32.1% in March 2019 versus the same month one year ago. Some of this drop is attributable to lower inventory and new home listings coming on the market.
• Pending sales were down 13.5% in Tega Cay in March 2019 versus the same month one year ago.
• Median percent of original list price that sellers received for their homes in Tega Cay was 97.4%, showing fairly minimal negotiating room for buyers.
• Months supply of homes in March 2019 compared with one year ago was 3.8 months, down 7.3%.
• Inventory of homes in March 2019 was down 7% compared with the same time period one year ago. This is on top of  decreases in each of the first two months of 2019.
• New listings were down 9.3% year-over-year in Tega Cay in March 2019. This decrease, also, is on top of the 16.3% decrease in new listings in the month of January 2019 and 7.9% in February 2019.

Wondering what the hot neighborhoods are in the Fort Mill/Tega Cay area? Click on the picture below to discover the 12 hottest Fort Mill neighborhoods.

You can search for all Fort Mill and Tega Cay area homes for sale at www.GreatHomesInCharlotte.com.

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Fort Mill/Tega Cay Housing Market Update: February 2019

Fort Mill/Tega Cay Housing Market Update: January 2019

Fort Mill/Tega Cay Housing Market Update: December 2018

Fort Mill/Tega Cay Housing Market Update: November 2018

Fort Mill/Tega Cay Housing Market Update: October 2018

Fort Mill/Tega Cay Housing Market Update: September 2018

Fort Mill/Tega Cay Housing Market Update: August 2018

Fort Mill/Tega Cay Housing Market Update: July 2018

Fort Mill/Tega Cay Housing Market Update: June 2018

Fort Mill/Tega Cay Housing Market Update: May 2018

Fort Mill/Tega Cay Housing Market Update: April 2018

… The Right Broker Can Make The Difference

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Fort Mill and Tega Cay specialists. We’ve been opening doors for Fort Mill and Tega Cay home buyers and sellers for 20+ years.

If you’re considering selling or purchasing a home in the Fort Mill and Tega Cay areas or anywhere in the Charlotte metro region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”