Indian Land Real Estate March 2024

NEW LISTINGS IN INDIAN LAND DECLINED AFTER TWO CONSECUTIVE MONTHS OF GROWTH

After two months of increases, new listings in March 2024 were 70, declining 11.39% from 79 in the previous month of February. Compared with March 2023, new listings were up 4.48% from 67 listings. Compared with March 2022 new listings (66 listings) in March 2024 were lower.

INDIAN LAND INVENTORY DOWN MONTH-OVER-MONTH & UP YEAR-OVER-YEAR

Indian Land housing inventory decreased slightly by 2.62% to 186 from 191 in the previous month of February. Compared with March 2023, the number of properties for sale increased 2.76% from 181. Compared with March 2022, inventory was up from 131 properties for sale. With just 2.55 months supply of inventory, Indian Land remained in home seller “territory.”

INDIAN LAND HOME SALE PRICES IMPROVED MONTH-OVER-MONTH & YEAR-OVER-YEAR

Average home sale price in March 2024 was $508,264, down 7.75% from the average sale price of $550,974 in the previous month of February. Average sale price was also 7.67% lower than $550,475 in March one year ago.

Median home sale price in March 2024 was $473,000, down 8.16% from February’s $515,000. Median sale price declined 11.59% from $535,000 in March 2023.

Price per square foot for Indian Land homes in March 2024 increased 5.05% to $229 from $218 in the most recent month of February. Year-over-year, the March 2024 price per square foot was was 9.57% higher than in March 2023 when it was $209 per square foot.

LIST TO SALE PRICE RATIO IN INDIAN LAND JUST UNDER 100%

The list to sale price ratio in March 2024 improved to 99.6% from 99.12% in the previous month of February. The list to sale price ratio was flat compared with March 2023.

DAYS ON MARKET DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR

Days on market for Indian Land properties in March 2024 were 34 days, down from 56 days in the previous month of February. March’s days on market were 34.62% lower than in March 2023, which saw 52 days on market. Compared with March 2022, days on market were 19 days higher this year.

NUMBER OF PROPERTIES SOLD UP 52+% 

The number of properties sold in March 2024 increased 52.08% to 73 from 48 properties sold in February 2024. Sales were 2.28% higher than in March 2023, which saw 71 sales, but considerably lower than in March 2022, which saw 94 properties sold.

Want to know what this would mean for your family if you decide to buy or sell an Indian Land area home?

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

 MORE INFORMATION ON THE INDIAN LAND, SC HOUSING MARKET’S PERFORMANCE 

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SEARCH INDIAN LAND, SC HOMES FOR SALE

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WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

If you’re thinking about selling your Indian Land area home, let’s get together and discuss the supply conditions in Indian Land neighborhoods and how I can assist you in gaining access to buyers who area ready, willing, and able to buy now.

Contact me if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

I’m happy to provide an expert home value analysis with no obligation on your part.

 FREE Home Seller Guide: “Things To Consider When Selling Your House”

This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander with Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Indian Land specialist. I’ve been opening doors for Indian Land home buyers and sellers since 1999.

If you’re considering selling or purchasing a home in Indian Land or anywhere in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations and to show you why experience matters and how:

“The Right Broker Makes All The Difference.”