Dec. 13, 2022
Today we decided to share the real estate story of 5 local York County communities. Our goal, as The Linda Hall Team of Century 21 First Choice, is to continue to be a local resource. That includes local events that are happening, business openings, news, and of course, real estate. If you want to keep up with the local community, please sign up for our newsletter. We send this out every other week on Thursday at 9 am. You can count on it. We will never spam your email box. Sign up - HERE.
Let's get started. We will be reviewing year-over-year stats for each community for the past month of November. This is for Single-Family residences.
#1. FORT MILL
Median Sales Prices: The median sales price of homes in Fort Mill for November 2022 was $531,000. This was an increase of 19.3 percent over 2021. In November 2021, the median sales prices were $445,000, and in 2022, it was $390,000.
Median Days on Market: The median days on the market in Fort Mill for November 2022 were 4 days. This was an increase of 33.3 percent from 2021, where the median days were 3, and in 2020 the median days were 11 days!! So the homes are still moving when compared to the past 2 years.
New Listings on Market: The new listings on the market decreased by 15.3 percent from 2021, with only 1,148 homes on the market. In November of 2021, there were 1,356 homes on the market, which was a 7.1 percent decrease from 2020. In 2020 there were 1,459 homes on the market. So the inventory of homes (competition) has decreased over the past 2 years. That's good news for those considering listing their homes.
Median Percent of Original Price: There's good news here. The median percent of the original price in November of 2022 was 100.3 percent. That was only a very slight decrease of -0.5 percent from 2021, which was 100.8 percent. In 2021 we increased by 1.8 percent from 2020, where it was 99.0 percent.
In conclusion, in Fort Mill, the sales price has increased from the previous year, the time on the market has increased from 3 to 4 days, and the competition has decreased. The amount sellers are getting is above the previous two years. There's still an opportunity if you are looking to make a move in 2023, Fort Mill friends.
#2. CLOVER
Median Sales Prices: The median sales price of homes in Clover for November 2022 was $372,665. This was an increase of 18.3 percent over 2021. In November 2021, the median sales prices were $315,000, and in 2022, it was $274,950.
Median Days on Market: The median days on the market in Clover for November 2022 were 9 days. This was an increase of 80.0 percent from 2021, where the median days were 5, and in 2020 the median days were 15 days!! So we're ahead of where we were in 2020 but a longer time period than 2021. Patience may be required.
New Listings on Market: The new listings on the market increased by 5.2 percent from 2021, with 647 homes on the market. In November of 2021, there were 615 homes on the market, which was a 12.6 percent increase from 2020. In 2020 there were 546 homes on the market.
Median Percent of Original Price: There's good news here. The median percent of the original price in November of 2022 was 100.0 percent. That is keeping even with what the median percent of the original price was back in November of 2021. In 2021 we increased slightly over the previous year by 1.4 percent, where it was 98.6 percent.
So in Clover, the sales price has increased from the previous two years, the time on the market increased from the previous year but is still significantly lower than it was in 2020, and the number of homes coming on to the market has increased by 32 homes. Clover is a bit different from the Fort Mill community, but activity is still happening.
#3. LAKE WYLIE
Median Sales Prices: The median sales price of homes in Lake Wylie for November 2022 was $567,185. This was an increase of 23.9 percent over 2021. In November 2021, the median sales prices were $457,709, and in 2022, it was $395,000.
Median Days on Market: The median days on the market in Lake Wylie for November 2022 were 10 days. This was an increase from 2021, where the median days were 3, and in 2020 the median days were 24 days!! So we're still ahead of where we were in 2020 but a longer time period than 2021.
New Listings on Market: The new listings on the market are significantly lower as they decreased by 46.5 percent from 2021, with only 229 homes on the market. In November of 2021, there were 428 homes on the market, which was a 14.2 percent decrease from 2020. In 2020 there were 499 homes on the market.
Median Percent of Original Price: There's good news here. The median percent of the original price in November of 2022 was 100.0 percent. That is keeping even with what the median percent of the original price was back in November of 2021. In 2021 we increased ever so slightly over the previous year by 0.7 percent, which was 99.3 percent.
So in Lake Wylie, the sales price has increased significantly from the previous two years, the time on the market increased from the previous year but is still lower than it was in 2020, and the number of homes coming onto the market has decreased by A LOT which means the competition is low. Lake Wylie isn't doing too bad.
#4. ROCK HILL
Median Sales Prices: The median sales price of homes in Rock Hill for November 2022 was $330,000. This was an increase of 17.9 percent over 2021. In November 2021, the median sales prices were $280,000, and in 2022, it was $245,000. That was a 14.3 percent year-over-year increase.
Median Days on Market: The median days on the market in Rock Hill for November 2022 were 6 days. This was an increase from 2021, where the median days were 4, and in 2020 the median days were 12 days!! So we're still ahead of where we were in 2020 but a slightly longer time period than 2021.
New Listings on Market: The new listings on the market are lower as they decreased by 9.3 percent from 2021, with 1,766 homes on the market. In November of 2021, there were 1,948 homes on the market, which was a 9.2 percent increase from 2020. In 2020 there were 1,784 homes on the market.
Median Percent of Original Price: The median percent of the original price in November of 2022 was 100.0 percent. That was decreased by 1.0 percent from what the median percent of the original price was back in November of 2021. In 2021 we increased over the previous year by 1.0 percent, which was 100.0 percent.
So in Rock Hill, the sales price has increased significantly from the previous two years, the time on the market increased from the previous year but is still lower than it was in 2020, and the number of homes coming onto the market has decreased by the previous two years which means the competition is low. Go Rock Hill!
#5. TEGA CAY
Median Sales Prices: The median sales price of homes in Tega Cay for November 2022 was $520,760. This was an increase of 14.5 percent over 2021. In November 2021, the median sales prices were $455,000, and in 2022, it was $400,000. That was a 13.8 percent year-over-year increase.
Median Days on Market: The median days on the market in Tega Cay for November 2022 were 3 days. This was keeping even with the number of median days on the market in 2021, and in 2020 the median days were 14 days!!
New Listings on Market: The new listings on the market are lower as they decreased by 5.4 percent from 2021, with 299 homes on the market. In November of 2021, there were 316 homes on the market, which was a 13.9 percent decrease from 2020. In 2020 there were 367 homes on the market.
Median Percent of Original Price: The median percent of the original price in November of 2022 was 100.8 percent. That was decreased by 0.2 percent from what the median percent of the original price was back in November of 2021. In 2021 we increased over the previous year with 101.0 percent of the original price by 2.3 percent, which was 98.7 percent in 2020.
So in Tega Cay, the sales price has increased significantly from the previous two years, the time on the market held even with the previous year but was quite a bit lower than it was in 2020, and the number of homes coming onto the market has decreased by the previous two years which means the competition is low. Another interesting real estate market.
CONCLUSION
So as you can see, the local communities in York County vary just among themselves. This is why going by what you read nationally can confuse you. Please reach out to us and let us answer your questions. We can even zero in on your specific neighborhood. We're here for you!