Is Fairmont Mills, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fairmont Mills has remained a Seller's Market.
Housing Prices in Fairmont Mills, SC
How much do homes in Fairmont Mills, SC cost?
Median Sold Price
$295,800
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairmont Mills was $295,800 in May 2024, up 0.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $212.5K | +1.2% |
3 Bedrooms | $265K | $262.8K | -0.8% |
4 Bedrooms | $355.5K | $327K | -8.0% |
5+ Bedrooms | $407.4K | $365K | -10.4% |
Summary: Fairmont Mills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Fairmont Mills, SC
How many homes are available in Fairmont Mills, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
169 | 181 | +7.1% |
Summary: The Fairmont Mills real estate market had 181 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 91 | 98 | +7.7% |
4 Bedrooms | 48 | 52 | +8.3% |
5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Fairmont Mills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 40 | +60.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Fairmont Mills in May 2024, up by 60.0% month-over-month. Of the 40 sold homes, 55% were sold under asking, 35% were sold at asking, and 10% were sold over asking.
Days on Market for Fairmont Mills, SC
How long does it take to sell a home in Fairmont Mills, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 64 Days | +109.4% |
Summary: Homes in Fairmont Mills had an average of 64 days on market in May 2024, up by 109.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Fairmont Mills; 25% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.