Fort Mill, SC 29708 Real Estate Market Report

ZIP Code: 29708
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Fort Mill, SC, are averaging 6.3%, which is consistent with the broader market trends observed throughout early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, the median sold price, is 525,500, which represents the most reliable view of recent transaction values and suggests realized price levels are below asking expectations in the dataset; gap between asking and sold prices may be creating downward price pressure.

2. Current pricing context shows a median listing price of 565,750 versus the median sold price of 525,500, which appears to signal seller price attrition and pricing friction as listings adjust to close transactions.

3. Liquidity is slower based on a median days on market of 141, indicating extended time-to-contract that suggests reduced sales velocity and gives buyers more negotiation leverage.

4. Market fundamentals are mixed: the broader indicators show prices are down year-over-year, rent is down year-over-year, market temperature is neutral, and interest rate pressure is elevated with Current 30-year fixed mortgage rates in Fort Mill, SC, are averaging 6.3%, which together point to a more balanced to softening SFR and condo market where elevated financing costs may be limiting demand; neutral market temperature supports a move toward balance rather than a strong seller market.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Fort Mill, SC 29708 Real Estate Market Report

ZIP Code: 29708
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Fort Mill, SC, are averaging 6.3%, which is consistent with the broader market trends observed throughout early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price is the primary indicator of current market value and recent transaction activity in this analysis, but a specific median sold price was not provided in the supplied metrics; this absence may reflect limited recent sales reporting or delayed transaction recording in public sources rather than a lack of market activity. contextual gap

2. price year-over-year trend: down — recent price direction is softening while the overall marketTemperature is reported as neutral, which suggests the market appears to be moving toward a more balanced state with moderate pricing pressure rather than a strong seller or buyer advantage.

3. elevated interest rate pressure is present and is consistent with local financing conditions: Current 30-year fixed mortgage rates in Fort Mill, SC, are averaging 6.3%, which is consistent with the broader market trends observed throughout early 2026; this dynamic may be contributing to slower sales velocity and increased buyer leverage. elevated

4. median market rent: 1,685 with a rent year-over-year trend reported as down indicates rental demand and pricing are softening in parallel with sales pricing, which may reduce investor return expectations in the near term and suggests caution when underwriting cash-flow assumptions. down

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Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.