Indian Land, SC housing market (29707 zip code) update for March 2019. The Indian Land housing market remains a seller’s market with 3 months supply of inventory overall, but with just 2 months supply of resale homes. Although the average sale price of Indian Land homes dropped in March 2019, it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. And the median price of homes sold increased by almost 6%. New construction homes sold at about $53,000 more on average than resale homes. The drop in closed and pending sales is to some degree a result of lack of inventory — inventory of resale homes dropped 22.4% compared with the same month on year ago.
Video Update For The Indian Land Housing Market: March 2019
Indian Land (29707 Zip Code) Remained A Seller’s Market in March 2019
- Average sale price of Indian Land area homes decreased in March 2019 by 11.9% to $294,207 compared with the same period one year ago.
- Median sale price for Indian Land area homes in March 2019 increased 5.8% versus one year ago to $310,000.
- Average days on market for property listings in Indian Land were 62 days in March 2019 — up 3 days compared with one year ago, but down 11 days over the most recent month of February 2019.
- Median days on market were 46 days in March 2019 — up 23 days compared with one year ago, but down 4 days over the most recent month of February 2019.
- Average price per square foot for Indian Land area homes was $134/square foot (up $1/square foot) in March 2019 versus the same period in 2018.
- Pending sales in the Indian Land area were up 12.1% in March 2019 versus the same month last year.
- Closed sales in the Indian Land area area decreased 14.7% in March 2019 compared with the same month one year ago.
- New listings in the Indian Land area increased 4.5% versus March 2018. Inventory of resale homes decreased 22.4% compared with one year ago .
- Months supply of inventory remained low at 3 months. However, inventory of resale homes decreased 22.4% year-over-year to 2 months, while inventory of new construction homes stood at 4 months.
- Median percent of original list price that sellers received for their homes was 97.2%, 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 $366,756. Average sale price of new construction homes was just approximately $53,000 higher than that of resale homes in February 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 For The Indian Land Housing Market: March 2019
- Indian Land (29707 Zip Code) Remained A Seller's Market in March 2019
- Indian Land Hot Neighborhoods
- Find Your Indian Land Area Dream Home
- Find Out What Your Indian Land Area Home Is 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