Indian Land Real Estate Report: April 2021

Latest news on the Indian Land real estate market in April 2021 and what it means for you…

The Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in April with just 0.7 months supply of inventory overall, down 74.1% from 2 months in April 2020. 

Housing inventory was down 72.4% in April year-over-year, coupled with a 30.6% decrease in new listings year-over-year. New construction inventory, long a staple of Indian Land housing, was also down 91.1% year-over-year. Resale home inventory dropped 76.4% year-over-year.

Both average and median sale prices increased in April to $387,190 and $380,000, respectively. Average home sale prices increased 9.2% year-over-year and median sale prices increased 15% year-over-year.  Home sale prices also increased month-over-month. Lack of inventory continues to drive home prices up. With a 90+% drop in new construction inventory, average sale prices of new construction homes were more than $40,000 higher than for resale homes.

Closed sales increased in April by 58.8% year-over-year. Pending sales decreased 27.6% versus April 2020. Lack of inventory impacted pending sales in April. No surprise that closed sales increased year-over-year.  April 2020 was the month of lockdowns effectively putting real estate activity on pause.  Historically low interest rates continue to fuel buyer demand in Indian Land although demand continues to outstrip supply of homes.

Average days on market were 20 days (down 30 days year-over-year).  Median days on market were 3 days (down 11 days year-over-year). Because of buyer demand and razor thin inventory, Indian Land homes continued to sell in under three weeks, on average.

With home sellers receiving a median 100.1% of asking price in sale price (up 1.3% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in April 2021.

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

We can help.

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

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE. 

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

 Indian Land Housing Market Highlights

April 2021 Versus April 2020

9 HOT INDIAN LAND NEIGHBORHOODS 

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

FREE Home Buyer Guide “Things To Consider When Buying A Home” 

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 we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

Contact us 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.

We’re 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”

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC

This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Land specialists. We’ve been opening doors for Indian Land home buyers and sellers for 20+ years.

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 how:

 “The Right Broker Makes All The Difference.”