March 6, 2025

Contact: Kim Walker, 704-940-3149

Residential Sales Trends in York, Lancaster, Chester and  Chesterfield Counties

CHARLOTTE, N.C. — Canopy MLS reports on residential sales trends in the contiguous counties to Mecklenburg County, which includes York, Lancaster, Chester, and Chesterfield, South Carolina. Data included in this report is for single-family, condo, and townhome property types only, for the geographies mentioned above.

In January 2025, home prices continued their upward trajectory despite a growing supply of inventory. The median sales price climbed 4.0 percent year-over-year to $390,000, reflecting steady appreciation in the market. The average sales price also increased, rising 3.1 percent to $453,512 compared to January 2024. Month-over-month, the median sales price rebounded by 6.8 percent from December 2024, reversing the seasonal dip seen at year-end. Sellers remained in a strong position, with the percent of list price received holding firm at 98.0 percent, showing that well-priced homes continue to command competitive offers.

Closed sales activity remained solid to start the year, rising 9.7 percent year-over-year to 363 transactions, up from 331 in January 2024. However, compared to December 2024, sales dipped seasonally by 23.4 percent. Meanwhile, pending sales—a key indicator of future closings—declined slightly, falling 3.5 percent year-over-year to 498, compared to 516 in January 2024.

The market saw a surge in new inventory, providing buyers with more options. Inventory levels grew 42.6 percent year-over-year to 1,275 properties, a substantial increase from 894 in January 2024. The months' supply of inventory followed suit, rising 38.9 percent to 2.5 months from 1.8 months a year ago. However, both inventory and supply remained relatively stable from December 2024, with inventory dipping slightly by 2 percent and months' supply holding steady. New construction’s share of total inventory remains a key factor accounting for 27 percent.

“We’re seeing more sellers step off the sidelines as confidence in the market grows. said Colleen Coesens, a Canopy MLS Board of Director representing South Carolina and Realtor®/broker with EXP Realty, Rock Hill. With inventory up significantly from last year, buyers have more options, and well-priced homes are still attracting strong offers.”

New listings also experienced strong growth, increasing 17.0 percent from the previous year, with 614 homes coming to market compared to 525 in January 2024. Additionally, January was up 36.1 percent month-over-month compared to 451 in December. This signals improving seller confidence even as market conditions shift. All four counties in the micro-market experienced increases in new listings this month.

Showings activity remained steady, with Fort Mill & Rock Hill averaging 5.9 and 5.3 showings per listing, respectively. York and Lancaster counties averaged 5.1 and 4.1 showings per listing, while Chester County recorded 1.9 and Chesterfield County followed at 2.5 showings.

One of the most notable changes in January was the increase in days on market. Homes took an average of 59 days to sell, a significant 34.1 percent increase from 44 days a year ago and up 22.9 percent from December. This extended timeline offers buyers greater negotiating leverage and reflects a more balanced market compared to the highly competitive conditions of recent years.

Coesens continues, “Despite interest rates remaining a factor, buyers are finding ways to move forward. Many are utilizing financing options like 2-1 buydown programs to secure lower initial rates, while others are leveraging resources like Canopy’s Down Payment Assistance Program to make homeownership more attainable. With the right strategy, buyers are staying competitive in this evolving market.”

A closer look at the four South Carolina counties

York County saw a 5.7 percent increase in closed sales, with 242 homes sold compared to 229 in January 2024. Pending sales edged down 1.5 percent to 338 contracts. New listings rose 19.9 percent, bringing 403 homes to market. Inventory increased substantially 51.3 percent to 790 homes, maintaining a 2.3-month supply. The median sales price climbed 11.6 percent to $420,000, while the average sales price grew 4.6 percent to $475,389. Homes took longer to sell, with days on market rising 46.3 percent to 60 days.

Lancaster County recorded a 17.7 percent jump in closed sales, with 93 homes sold compared to 79 in January 2024. Pending sales dipped 9.5 percent to 124 contracts. New listings increased 15 percent, bringing 146 homes to the market. Inventory expanded 28.2 percent to 309 homes, increasing the months of supply to 2.3. The median sales price climbed 5.2 percent to $420,985, while the average sales price increased 1.4 percent to $458,968. Homes remained on the market longer, with days on market rising 31.0 percent to 55 days​.

Chesterfield County experienced a 14.3 percent decrease in closed sales, with 6 homes sold compared to 7 in January 2024. Pending sales grew 20.0 percent to 12 contracts. New listings increased 44.4 percent, reaching 13 homes. The median sales price fell 8.0 percent to $241,450, while the average sales price rose 2.7 percent to $266,962. Inventory increased 42.1 percent to 54 homes, with months of supply growing to 5.4. Days on market dropped by 55.7 percent to 62 days.

Chester County saw closed sales decrease by 25.0 percent, with 12 homes sold compared to 16 a year prior. Pending sales surged 36.0 percent to 34 contracts. New listings inched up 2.0 percent, bringing 52 homes to market. The median sales price declined 18.6 percent to $197,500, while the average sales price fell 16.4 percent to $209,567. Inventory grew 8.3 percent to 104 homes, with months of supply remaining steady at 3.3. Homes took longer to sell, with days on market increasing 47.6 percent to 62 days.

Canopy Realtor^® Association provides monthly reports on residential real estate market activity for the Charlotte region based on data from Canopy MLS. This report is based on the four South Carolina counties that are also included in the Charlotte region (Chester, Chesterfield, Lancaster, and York Counties).  For more details, visit the monthly report this release is based on, and search for “Piedmont Regional Association of Realtors®". 

See also Charlotte region reports and individual county reports for York, Lancaster, Chester and Chesterfield.  For more residential-housing market statistics, visit www.CarolinaHome.com and click on “Market Data.” For an interview with Canopy MLS South Carolina representative, Colleen Coesens, Realtor®/Broker-in-charge with EXP Realty, Fort Mill, please contact Kim Walker.

Canopy MLS is a wholly-owned subsidiary corporation of Canopy Realtor® Association and is the private broker cooperative used by Realtors® to bring buyers and sellers together with access to thousands of residential listings in a multicounty service area, including Charlotte, Asheville and Catawba Valley regions spanning across North Carolina, South Carolina and outside of the Carolinas. Canopy MLS, which has 21,000 subscribers, provides the most trustworthy, timely, accurate and complete property data along with proprietary tools for showings, market stats, predictive analytics, and more. Canopy MLS is used by its members to support consumers in their residential real estate transactions, whether selling, buying, investing or renting.

Original Publish Date: 3/6/2025