Indian Land, SC housing market (29707 zip code) update for April 2019. The Indian Land housing market remains a seller’s market with just 2.9 months supply of inventory overall, but with only 2.2 months supply of resale homes. Both the average and median sale price of Indian Land homes increased in April 2019. New construction homes sold at about $9,000 more on average than resale homes. Resale home inventory dropped by 20.3% in April, clearly impacting both closed and pending sales which were flat and up 0.9% respectively. With home sellers getting 98.1% of selling price, not much room for buyers to negotiate.
Video Update: Indian Land Housing Market: April 2019
Indian Land (29707 Zip Code): A Seller’s Market in April 2019
- Average sale price of Indian Land area homes increased 5.9% in April 2019 to $352,852 compared with the same period one year ago.
- Median sale price for Indian Land area homes in April 2019 increased 4.5% versus one year ago to $325,131.
- Average days on market for property listings in Indian Land were 52 days in April 2019 — up 7 days compared with one year ago and down 10 days over the most recent month of March 2019.
- Median days on market were 16 days in April 2019 — down 8 days compared with one year ago, but down 30 days over the most recent month of March 2019.
- Average price per square foot for Indian Land area homes was $133/square foot (up $2/square foot) in April 2019 versus the same period in 2018.
- Pending sales in the Indian Land area were up 0.9% in April 2019 versus the same month last year.
- Closed sales in the Indian Land area area were flat in April 2019 compared with the same month one year ago.
- New listings in the Indian Land area increased 28.8% versus April 2018 with most of the increase coming in new construction homes. Inventory of resale homes decreased 20.3% compared with one year ago .
- Months supply of inventory remained low at 2.9 months. However, months supply of resale homes decreased 18.5% year-over-year to 2.2 months, while inventory of new construction homes stood at 5.3 months.
- Median percent of original list price that sellers received for their homes was 98.1%, showing relatively little negotiating room in the 29707 zip code for Indian Land area homes.
- Average sale price for new construction homes in the Indian Land area was $360,096. Average sale price of new construction homes was approximately $9,000 higher than that of resale homes in April 2019 versus the same month one year ago.
Indian Land Hot Neighborhoods
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Previous Housing Market Updates For Indian Land, SC
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This Charlotte, North Carolina real estate monthly update for Indian Land is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Indian Land area specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Indian Land area home buyers and sellers for 20+ years.
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Indian Land, SC Homes For Sale
- Video Update: Indian Land Housing Market: April 2019
- Indian Land (29707 Zip Code): A Seller's Market in April 2019
- Indian Land Hot Neighborhoods
- Find Your Indian Land Dream Home
- What's Your Indian Land Area Home Worth?
- Previous Housing Market Updates For Indian Land, SC
- Buying Or Selling A Home In The Indian Land Area...
- Indian Land, SC Homes For Sale