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Rock Hill, Fort Mill SC home sale data in Charlotte NC region


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Finished homes and homes under construction in the same neighborhood is common in Fort Mill, S.C.

tkimball@heraldonline.com

The average Rock Hill home today sells for substantially more than twice what it did less than a decade ago. Yet by comparison, it’s still a good deal in this region.

Homes in Fort Mill and Tega Cay are now more than half a million dollars. And that’s just the average price.

Among average sale prices, every tri-county community in the Canopy Realtor Association data listing saw the first of its six digits tick upward in the past year. York and Lancaster county homes now top the $400,000 mark. Chester County tops $200,000. Lake Wylie, which straddles the state line but is listed in North Carolina, has similar trends on both sides of the state line, topping $600,000.

Canopy, provider of real estate data that covers metro Charlotte, released its May numbers on Wednesday. The numbers reflect single-family home, townhome and condo sales. They show 7.3% fewer homes sold in the Charlotte region compared to May 2021, and fewer pending sales. New listings are up.

“Sellers sense the market is slowing and that buyers still in the market for homes, are more measured about their purchases, in the wake of surging home prices and mortgage rates,” said Canopy MLS President Lee Allen.

The average May home sale price in Rock Hill of more than $347,000 is up more than 23% in a year, more than 83% in five years and 112% in nine years.

Tega Cay homes at $520,000 and Lancaster County homes at $454,000 are each up more than 20% in a year. Fort Mill at $517,000 and Lake Wylie at $600,000 increased by less than then Charlotte region average of about 17% from May 2021 to May 2022, but homes in both places sold for significantly more than the region average of $462,000.

The Charlotte region average is up almost 99% in May compared to May 2013, the first data point listed by Canopy. Apart from Lake Wylie and its 72% increase in that same span, all listings in York and Lancaster county communities increased by at least 92%.

Chester County had only two dozen homes sales in May of last year and two fewer this May, but the price point difference is drastic. The $268,000 average sales price last month is up more than 67% from the same month a year ago. About triple what any other area saw in growth, or roughly what Fort Mill saw in the past five years of growth.

New listings, days on market

If listing price to sales price were a temperature, this area would be feverishly hot.

Through May, the average home sale in the Charlotte region comes in at 101.8% of the initial listing price.

Area figures are even higher, led by Tega Cay (103.2% of listing price), Fort Mill (103.1%), York County and Lake Wylie (each 101.9%), Rock Hill (101.6%), Lancaster County (101.5%) and Chester County (95.2%).

The average Charlotte region home spends 19 days on the market so far this year before being sold. A Tega Cay home spends 12 days. Fort Mill also is faster at 18 days, while Rock Hill is on pace with the region at 19 days. York County (20 days), Lancaster County (21 days), Lake Wylie (22 days) and Chester County (37 days) all have longer sales times.

The total number of closed home sales through May this year held almost steady in Rock Hill compared to last year, with only one fewer sale. The 750 sales this year in Rock Hill are more than in Fort Mill (601), Lake Wylie (585) or Tega Cay (134). Aside from Rock Hill, those communities have significantly fewer closed sales this year than in the same span last year.

Charlotte region closed sales are down so far this year compared to last, as they are in York and Lancaster counties. York County has 2,106 closed sales through May compared to 2,235 sales in that span last year. Lancaster County has 787 sales through May this year, compared to 921 sales at the same point last year.

Chester County, which has data in the Canopy system dating back to only 2019, reverses the trend. Through-May closed sales in Chester County have gone from 76 in 2019 and 74 in 2020 to 85 sales last year and 122 sales this year.

This story was originally published June 23, 2022 2:08 PM.

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John Marks graduated from Furman University in 2004 and joined the Herald in 2005. He covers community growth, municipalities, transportation and education mainly in York County and Lancaster County. The Fort Mill native earned dozens of South Carolina Press Association awards and multiple McClatchy President’s Awards for news coverage in Fort Mill and Lake Wylie.
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