March 27, 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.

February 2025 saw a shift toward greater market balance, driven by increasing inventory and lengthening sales cycles. Inventory levels rose significantly by 46.3 percent year-over-year, totaling 1,400 homes available, up from 957 homes in February 2024. Month-over-month, inventory increased 7.3 percent compared to January’s 1,305 properties, contributing to an expansion in months' supply to 2.7 months, marking a 42.1 percent increase from February 2024. New construction remains a notable portion of the market, representing approximately 25 percent of total inventory. Nearly half of all available properties are four-bedroom homes.

Sellers continued to show confidence as new listings increased 13.8 percent year-over-year to 752 properties, compared to 661 in the same month last year. This increase also represented a significant month-over-month rise of 21.9 percent from January's 617 listings, just ahead of the traditionally active spring market. Three of the four counties in the micro-region experienced increased in new listings this month with only Chester County seeing a decline.

Buyer activity saw a modest uptick, with pending sales—a forward-looking indicator—increasing 3.4 percent year-over-year to 522 contracts, reversing the slight decline experienced in January. In February, 25 percent of homes entering into contracts were new builds. Pending sales were up in Chesterfield, Lancaster and York this month.

Showing activity remained steady, with Fort Mill and Rock Hill averaging 5.7 and 4.2 showings per listing, respectively. York and Lancaster counties averaged 4.4 and 4.6 showings per listing, while Chesterfield County recorded 2.6 and Chester County followed at 2.5 showings.

“As we head into the spring market, we're seeing more favorable conditions emerge—inventory is growing, buyer interest remains strong, and more stabilized pricing, creating opportunities for both buyers and sellers.” said Colleen Coesens, a Canopy MLS Board of Director representing South Carolina and Realtor®/broker with EXP Realty, Rock Hill.

Closed sales, while down 7.3 percent year-over-year to 409 homes sold compared to 441 in February 2024, showed positive momentum month-over-month, increasing 11.7 percent from January’s 366 closed transactions. This monthly rebound indicates a seasonal recovery, despite the overall yearly decline. Chester County was the only one in the four-county region to witness an increase in closed sales.

As expected with increased inventory, home prices experienced some softening this month. The median sales price fell 5.2 percent year-over-year to $365,000. Compared to the previous month, February’s median price decreased by 7.6 percent. However, the average sales price managed a slight increase of 0.7 percent year-over-year, reaching $427,277 but a decline of 6.1 percent compared to January’s $454,803.

Coesens continued, “Home prices showed signs of softening in February, as growing inventory and longer days on market created more balance for buyers. Current trends reflect a market in transition, where buyers are gaining leverage while sellers adjust price expectations. Now more than ever, partnering with a trusted Realtor® can make all the difference in getting to the closing table.”

Days on market extended notably, with homes averaging 54 days to sell, a 22.7 percent increase from 44 days in February 2024. Despite this yearly increase, homes sold more quickly than January’s 59-day average. Sellers maintained realistic pricing strategies, receiving an average of 98.0 percent of the original list price, slightly down from 98.6 percent a year ago but unchanged from the previous month.

A closer look at the four South Carolina counties

York County experienced a 15.7 percent decrease in closed sales, totaling 252 homes sold. Pending sales saw an increase of 5.8 percent with 346 contracts signed. New listings climbed by 12.0 percent, bringing 485 homes onto the market. Inventory grew significantly by 52.3 percent, totaling 876 homes, resulting in a months' supply increase to 2.6. Median sales price decreased 4.7 percent to $374,000, while the average sales price slightly dipped by 0.8 percent to $438,099. The time it took to sell homes increased, with days on market rising 37.5 percent to 55 days.

Lancaster County saw closed sales slightly decrease by 0.9 percent with 110 homes sold. Pending sales rose 10.6 percent, reaching 146 contracts. New listings increased by 19.2 percent, totaling 199 homes. Inventory expanded by 31.3 percent to 340 homes, raising the months' supply to 2.5. The median sales price declined by 4.7 percent to $405,000, while the average sales price rose by 1.9 percent to $443,983. Homes spent slightly less time on the market, with days on market decreasing by 1.9 percent to 51 days.

Chesterfield County reported an 11.1 percent drop in closed sales with 8 homes sold. Pending sales rose 7.7 percent to 14 contracts, while new listings jumped by 72.7 percent to 19 homes. The median sales price increased substantially by 24.0 percent to $297,478, accompanied by a notable increase of 31.4 percent in average sales price to $332,813. Inventory expanded by 66.7 percent, totaling 60 homes, which increased the months' supply to 6.1. Homes took longer to sell, with days on market up 21.4 percent to 85 days.

Chester County experienced an increase in closed sales by 36.4 percent, with 30 homes sold. Pending sales declined by 18.2 percent, reaching 27 contracts. New listings decreased by 8.0 percent, totaling 46 homes. Inventory grew 22.2 percent to 110 homes, slightly increasing the months' supply to 3.5. The median sales price surged 47.6 percent to $297,000, with the average sales price rising by 60.9 percent to $316,464. Homes spent more time on the market, with days on market increasing 15.9 percent to 51 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.