Indian Land Real Estate February 2023

Indian Land real estate February 2023 saw higher home prices year-over-year, as well as higher days on market. Inventory increased. New listings were at their lowest level in three years in February. February 2023 saw the lowest number of sales in Indian Land since in three years.

Indian Land, SC Housing Market Highlights: February 2023

Indian Land SC (29707 Zip Code) Housing Market Snapshot February 2023

 

NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONTH | TOTAL INVENTORY INCREASED YEAR-OVER-YEAR, DECREASED MONTH-OVER-MONTH 

New listings in February 2023 were 51, down 8.9% from 56 in January 2023. Compared with February 2022, new listings were down 40.7% from 86 listings. The February 2023 listings were at their lowest level compared with February 2022 (86 listings) and February 2021 (100 listings).  With the exception of December 2022, which had 50 new listings, February 2023 saw the lowest number of new listings in three years.

 

The number of properties for sale in February 2023 was 189, down 7.8% from 205 properties for sale in January 2023. Compared with February 2022, the number of properties for sale increased 32.2% from 143 properties. The number of properties for sale in February 2023 were at their highest level compared with February 2022 and February 2021. Inventory in February 2023 was the lowest since April 2022, when Indian Land had just 165 properties for sale.

 

AVERAGE & MEDIAN HOME SALE PRICES UP YEAR-OVER-YEAR IN FEBRUARY 2023

Average home sale price in February 2023 was $527,150, 14.1% lower than January’s average sale price of $613,572. February’s average sale price was 20.5% higher than one year ago in February when the average sale price was $437,499.  The February 2023 average sale price was at its highest level compared with February 2022 and February 2021.

 

Median home sale price in February 2023 was $484,375, down 19.02% from $598,150 in January 2023. Compared with February 2022, home prices increased 16.02% from $417,500. The February 2023 median sale price was at its highest level compared with February 2022 and February 2021. 

 

Price per square foot for Indian Land homes in February 2023 decreased 8.04% to $215/square foot from $199/square foot in January 2023. Year-over-year, the February 2023 price per square foot increased 12.6% from $191/square foot. The February 2023 price per square foot was the highest Indian Land saw in three years.

 

MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC

 

FEBRUARY 2023 SALES AT THEIR LOWEST LEVEL IN THREE YEARS

Sales decreased in February 2023 by 4.2% from January 2023, with 46 homes sold compared with 48 in the previous month. Year-over-year, sales were down 36.1% from 72 sales in February 2022. The February 2023 sales were at their lowest level compared with February 2022 (72 sales) and February 2022 (79 sales). February 2023 also saw the lowest number of homes sold since February 2020. 

 

INDIAN LAND HOMES SAW LOWER DAYS ON MARKET MONTH-OVER-MONTH FOR THIRD CONSECUTIVE MONTH

Average days on market were 43 days in February 2023, down 8.5% from 47 days in January 2023. February was the third consecutive month of fewer days on market. Days on market were 230.8% higher in February 2023 year-over-year when days on market were 13. The February 2023 days on market were at their highest level compared with February 2022 (13 days) and February 2021 (31 days).

 

INDIAN LAND HOME SELLERS RECEIVED 98.26% LIST TO SALE PRICE RATIO 

Home sellers received a 98.26% of list to sale price, which was equal to the list to sale price ratio in the two previous months. Year-over-year, the list to sale price ratio was 4.38% lower in 2023, compared with February 2022 when it was 102.64%.  Indian Land home buyers have a very small window of opportunity to negotiate on price.

 

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

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

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 

 

10 HOT INDIAN LAND NEIGHBORHOODS 

Hottest Selling Indian Land SC 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.

 

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

What's My Home Worth?

 

 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, Greater Charlotte area residential real estate expert and Indian Land specialist. We’ve been opening doors for Indian Land home buyers and sellers for 24+ 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 why experience matters and how:

 “The Right Broker Makes All The Difference.”

Find Your Indian Land Dream Home


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