A new study by Stacker utilizing Zillow data, identifies cities in the Charlotte-Concord-Gastonia, NC-SC metro area with the fastest-growing home prices as of October 2023.
This comes in the context of a housing market still buoyant from the pandemic’s influence, though its pace has moderated. There’s ongoing competition among buyers for limited housing, pushing up prices, particularly for more affordable homes.
The average home value in the U.S. stood at $347,972 in October, marking a 2.3% increase from the previous year. While increasing mortgage rates have slowed overall market growth and even led to price declines in some regions, certain areas continue to see notable year-over-year price increases.
Five York County municipalities made the list of top 30 fastest growing home prices, led by Tega Cay at #4 and Fort Mill at #8. The five York County municipalities are shown below and the full list is available at Stacker Here.
#4. Tega Cay, SC
– 1-year price change: +$18,350 (+3.4%)
– 5-year price change: +$211,936 (+60.0%)
– Typical home value: $565,388 (#5 most expensive city in metro)
#8. Fort Mill, SC
– 1-year price change: +$12,486 (+2.5%)
– 5-year price change: +$184,891 (+57.7%)
– Typical home value: $505,523 (#9 most expensive city in metro)
#10. Mc Connells, SC
– 1-year price change: +$12,017 (+4.4%)
– 5-year price change: +$124,477 (+78.3%)
– Typical home value: $283,497 (#44 most expensive city in metro)
#24. Rock Hill, SC
– 1-year price change: +$9,129 (+3.0%)
– 5-year price change: +$128,316 (+69.7%)
– Typical home value: $312,290 (#39 most expensive city in metro)
#27. York, SC
– 1-year price change: +$8,459 (+2.6%)
– 5-year price change: +$133,259 (+66.5%)
– Typical home value: $333,788 (#34 most expensive city in metro)
Sign up here to receive the Tega Cay Sun "day" Spectator every Sunday morning with all the news from the week directly to your inbox
Thomas Hyslip lives in Tega Cay with his wife and daughter. After 27 years in the U.S. Army and Federal Law Enforcement, he retired to pursue his passion for teaching. Tom is now an Assistant Professor of Instruction at the University of South Florida. In 2 short years he has won 10 awards from the South Carolina Press Association, including first place in column writing, education beat reporting and best podcast.
