Fairmont Mills Housing Market Report February 2025•Spartanburg County, South Carolina

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Housing Prices in Fairmont Mills, SC

How much do homes in Fairmont Mills, SC cost?

Housing Market Conditions

Is Fairmont Mills, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Fairmont Mills is a Buyer's Market

Difference Since February 2024

Since last year, Fairmont Mills has remained a Buyer's Market.

Insight

Fairmont Mills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$296,750$151/SqFt
+$17,470
+6.3%

Based on all homes sold in the last 12 months

Insight

Homes in Fairmont Mills have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Fairmont Mills was $296,750 in February 2025, up 6.3% from last year, and the median price per square foot was $151.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Wellford
+14.8%
Reidville
+7.8%
Fairmont Mills
+6.3%
Moore
+2.9%
Duncan
-5.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$255K$225K
-11.8%
3$259.9K$262.2K
+0.9%
4$326.2K$321.2K
-1.5%
5$385.1K$327.4K
-15.0%

Summary: Fairmont Mills housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -11.8%. The home price for 3 bedroom homes increased by +0.9%. The home price for 4 bedroom homes decreased by -1.5%. The home price for 5 bedroom homes decreased by -15.0%.

How does Fairmont Mills, SC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Fairmont Mills, SC

Housing supply in Fairmont Mills, SC

How many homes are available in Fairmont Mills, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
146Last MonthFeb 2025
1292 months agoJan 2025
+13.2 %
Change MoMJan – Feb

Summary: The Fairmont Mills real estate market had 146 homes for sale in Feb 2025, a 13.2 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
19Last MonthFeb 2025
222 months agoJan 2025
-13.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
257
+40.0%
44354
+25.6%
51210
-16.7%
100
0.0%
36975
+8.7%

Summary: Fairmont Mills housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +40.0%. The inventory for 4 bedroom homes increased by +25.6%. The inventory for 5 bedroom homes decreased by -16.7%. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +8.7%.

Asking Price vs. Sold Price

How much do homes in Fairmont Mills, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price3 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Fairmont Mills, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Fairmont Mills in February 2025, down by 13.6% month-over-month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and and 24% were sold over asking.

Days on Market for Fairmont Mills, SC

How long does it take to sell a home in Fairmont Mills, SC?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days5 Homes

Over 90 Days3 Homes

Insight

Avg time on Rocket Homes in Fairmont Mills has remained consistent over time.

Summary: During February 2025, 19 homes were sold in Fairmont Mills; 16% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
69 DaysThis YearFeb 2025
37 Days1 year agoFeb 2024
+87.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Fairmont Mills had an average listing age of 69 days in Feb 2025, up by 87.0% compared to the previous year.

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Newest Listings in Fairmont Mills, SC

What homes are available in Fairmont Mills, SC?

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MLS Disclaimers and Copyright

Based on information from Multiple Listing Service of Spartanburg, Greater Greenville MLS, and Western Upstate MLS for the period 03/01/2023 - 03/01/2025

© 2025 Spartanburg Association of REALTORS® Multiple Listing Service. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing provided courtesy of Greater Greenville Association of Realtors® Internet Data Exchange Database. © 2025 GGAR MLS.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Western Upstate Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.