With so much talk about high mortgage rates, rising inventory, and shifting buyer demand, many potential homebuyers are wondering: Is Fort Mill’s red-hot housing market finally losing steam?

As of mid-2025, the signs are mixed — some cooling indicators are emerging, but Fort Mill hasn't swung to a buyer’s market just yet. Here's a breakdown of where things stand, what could change, and how you should approach buying right now.

1. Inventory Is Growing — But Not Too Fast

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  Rising Listings: According to local market data, inventory has climbed steadily. In June 2025, there were ~601 active homes for sale, up from previous months. Nina Hollander Real Estate

  
  


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  Months Supply: Despite the inventory growth, the months-supply of homes remains around 3–4 months, which still favors sellers. Nina Hollander Real Estate

  
  


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  Balance Point: Earlier in the year (March), the market was roughly balanced with ~4.23 months of supply. ActiveRain

  
  

Why it matters: More inventory gives buyers more choices — but as long as supply stays under ~4 months, sellers still have the upper hand.

2. Price Trends Remain Strong

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  In March 2025, the average sale price jumped to ~$590,404 — up 18% year over year. Nina Hollander Real Estate+1

  
  


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  In June 2025, the median home price rose to $612,500, marking a significant increase. Nina Hollander Real Estate

  
  


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  While inventory is growing, list-to-sale price ratios remain high (close to 99% in some months), suggesting sellers are still retaining pricing power. Nina Hollander Real Estate

  
  

Why it matters: Even if the market is softening slightly, Fort Mill home prices are continuing to push higher — so if a “cool-off” happens, it’s likely to be gradual, not a crash.

3. Days on Market Are Tickling Up

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  July 2025 data shows average days on market (DOM) jumped to 43 days, up 30% from June. ActiveRain

  
  


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  Earlier in the year, in March, the DOM was ~47 days. Nina Hollander Real Estate

  
  

Why it matters: Homes are staying on the market a little longer, which could give buyers more negotiation time — but it’s not a dramatic shift yet.

4. Sales Activity & Buyer Demand

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  Home sales rebounded strongly in March 2025, rising by nearly 42% from February. ActiveRain

  
  


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  But in July, sales dipped again (though remain higher year-over-year), suggesting some buyer hesitation. ActiveRain

  
  


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  On a county level (York County), inventory has leaped. Lindahall.com

  
  

Why it matters: Buyer demand is still there, but it’s not as frenzied as it was during the most intense seller-run market. More homes + more buyer choices = a more balanced market.

5. What Could Drive Further Cooling

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  Mortgage Rates: If mortgage rates remain elevated (or go higher), some buyers may pull back, reducing demand.

  
  


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  New Listings: We’re already seeing solid listing growth — if that continues, it could push the market closer to equilibrium.

  
  


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  Economic Pressure: Broader economic uncertainty or changes in employment growth could pull some demand forward.

  
  


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  Rate of Price Growth: Rapidly escalating prices can discourage marginal buyers or push them to pause.

  
  

6. Should Buyers Wait — or Act Now?

Why Some Buyers Should Consider Waiting:

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  If you’re not in a rush, increasing inventory might give you more leverage.

  
  


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  A small cooldown could give you more negotiation room — particularly on resale homes.

  
  


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  If your budget is tight, waiting for slightly tempered price growth may make sense.

  
  

Why Other Buyers Should Act Now:

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  Prices are still trending up, so waiting could cost more in the long run.

  
  


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  Supply is growing, but not fast enough to guarantee much more room for price drops.

  
  


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  Mortgage rates may improve — but they could also stay high, meaning financing costs stay elevated.

  
  

Krasnoff Key

Bottom line: The Fort Mill housing market is showing signs of cooling, but don’t mistake that for a collapse. Inventory is rising, and days on market are inching up, but pricing remains strong, and seller leverage hasn’t gone away.

For buyers, this is a window of opportunity — not desperation. If you're well-qualified and ready, you have more room to negotiate than in the past few years — but you’re still competing in a market that favors sellers overall.

If you’re thinking about buying in Fort Mill soon, connect with a local agent (like me) who is watching these trends closely. Having an expert by your side gives you a better shot at making a smart move.