May 26, 2025

Rock Hill Real Estate Market Stabilizes with Increased Inventory

News Summary

The Rock Hill real estate market has shown signs of stability as inventory levels rise and buyer confidence improves. The shift from a fast-paced market to a more balanced environment allows buyers to make informed decisions. With a surge in available homes and the return of open houses, potential homeowners can engage more fully with listings. Market statistics indicate an increase in both new listings and closed sales, although the average sales price has seen a decline. Overall, the region positions itself as an attractive choice for both new and experienced buyers.

Rock Hill Real Estate Market Stabilizes in 2025 with Increased Inventory and Buyer Confidence

The real estate market in Rock Hill has undergone notable changes as of 2025, presenting consumers with a more balanced environment. Buyers and sellers alike are experiencing an increase in available home options and more time to make informed decisions, shifting away from the haste that characterized previous years.

Previously, a heightened demand had created an imbalance, compelling buyers to make swift decisions with minimal negotiation. However, recent adjustments in market dynamics have allowed potential homeowners to take a more measured approach. The number of homes sold on the first day of listing has decreased significantly, reducing the overwhelming stress experienced by many buyers and sellers.

A decline in market traffic has returned open houses to prominence, facilitating better engagement between prospective buyers and the properties on the market. Stabilizing interest rates, currently hovering in the mid-sixes, have transitioned the market from a bull to a bear phase. This shift has bolstered buyer confidence as they feel less pressure to act hastily.

Current Market Statistics

The absorption rate in Rock Hill has notably decreased from 49% in March 2024 to 41% in March 2025, indicating a movement toward a balanced market equilibrium target of around 17.5%. Year-over-year statistics reveal a 46.1% increase in available homes for sale, rising from 217 to 317 units, accompanied by a 20.4% boost in closed sales, which increased from 108 to 130 homes. The month’s supply of inventory is now estimated between 2.5 to 4 months, a substantial change from just 4 weeks observed two years ago.

New listings have seen a 20.7% increase, while pending sales have experienced a 6.8% rise through March 2025. The average percentage of list price received remains near 100%, currently averaging 95.1%. Despite some fluctuations in broader markets, Rock Hill’s appreciation rates are stabilizing at historical norms of 3-5% annually. However, there has been a 5.4% decline in the average sales price from March 2024 to March 2025.

Market Demographics and Trends

The current market trends indicate that buyers are increasingly searching for homes that feature backyards, patio spaces, and modern renovations, particularly in kitchen and bathroom areas. A surge in first-time buyers and individuals looking to upgrade their homes has been noted, as they feel empowered by the current market conditions that offer more options at various price points.

In response to ongoing demand, the Rock Hill area has planned for the development of 120 new single-family homes, contributing positively to the growth of new construction listings. Presently, there are 65 newly constructed homes available, with prices ranging from $259,000 to $2,900,000, accommodating buyers of diverse economic backgrounds.

Conclusion

The Rock Hill real estate market is exhibiting a clear trend toward stability, encouraging investment in local properties as viable opportunities for building wealth. As inventory levels rise and buyer confidence strengthens, the region is positioning itself as a compelling locale for both new and seasoned homeowners.

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Additional Resources

Author: STAFF HERE ROCK HILL

The ROCK HILL STAFF WRITER represents the experienced team at HERERockHill.com, your go-to source for actionable local news and information in Rock Hill, York County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Come-See-Me Festival, Rock Hill Arts Festival, and motorsport events at the Rock Hill Velodrome. Our coverage extends to key organizations like the Rock Hill Chamber of Commerce and the Culture & Heritage Museums, plus leading businesses in manufacturing and technology that power the local economy such as 3D Systems and Comporium. As part of the broader HERE network, including HEREAiken.com, HEREBeaufort.com, HEREChapin.com, HERECharleston.com, HEREClinton.com, HEREColumbia.com, HEREGeorgetown.com, HEREGreenwood.com, HEREGreenville.com, HEREHiltonHead.com, HEREIrmo.com, HEREMyrtleBeach.com, HERENewberry.com, HERERockHill.com, and HERESpartanburg.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.

STAFF HERE ROCK HILL

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