Maurice Barnes' Market Report

Fort Mill, SC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Fort Mill, SC

Tue Jul 16 2024
This week the median list price for Fort Mill, SC is $649,949 with the market action index hovering around 49. This is less than last month's market action index of 51. Inventory has increased to 198. Click here to stay informed with the Fort Mill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fort Mill, SC

Tue Jul 16 2024
This week the median list price for Fort Mill, SC is $649,949 with the market action index hovering around 49. This is less than last month's market action index of 51. Inventory has increased to 198. Click here to stay informed with the Fort Mill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fort Mill market.
Median List Price $649,949
Median Price of New Listings $562,500
Per Square Foot $232
Average Days on Market 44
Median Days on Market 28
Price Decreased 43%
Price Increased 5%
Relisted 3%
Inventory 198
Median Rent
Market Action 49
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,062,401 4,389 0.5 - 1 acre 5 4 9 6 7 35
$724,900 3,078 0.25 - 0.5 acre 4 3.5 10 5 5 28
$549,950 2,618 6,500 - 8,000 sqft 4 3 10 6 9 24
$431,000 1,598 8,000 - 10,000 sqft 3 2 18 7 8 28