Indian Land, SC (29707 zip code) real estate report/snapshot for July 2019. The Indian Land housing market remains a seller’s market with just 3.2 months supply of inventory overall, but with only a 2.1 months supply of resale homes. While new listings increased 3.8%, most of the increase was from new construction, as resale inventory dropped 26.6% year-over-year. Average sale prices in July 2019 increased 5.7%, while the median sale price of Indian Land homes increased 7.6% in July 2019, with new construction homes selling at about $97,000 more on average than resale homes. With home sellers getting 98.7% of selling price, not much room for buyers to negotiate. Pending sales increased almost 9.8% year-over-year, while closed sales increased 8.8%.

Indian Land Housing Market Snapshot: July 2019

Indian Land Housing Market Snapshot July 2019


 

Indian Land (29707 Zip Code): A Seller’s Market in July 2019

  • Average sale price of Indian Land area homes increased 5.7% in July 2019 to $322,328 compared with the same period one year ago. 
  • Median sale price for Indian Land area homes increased 7.6% in July 2019 versus one year ago to $302,820.
  • Average days on market for property listings in Indian Land were 36 days in July 2019 — up 6 days compared with one year ago and down 2 days month-over month. An increase in new construction inventory, which always has longer days on market to account for construction time, added to the increase in days on market.
  • Average price per square foot for Indian Land area homes was $138/square foot (up 7.8%) in July 2019 versus the same period in 2018. 
  • Pending sales in the Indian Land area were up 9.8% in July 2019 versus the same month last year.
  • Closed sales in the Indian Land area area increased 8.8% in July 2019 compared with the same month one year ago. 
  • New listings in the Indian Land area increased 3.8% versus July 2018 with most of the increase coming in new construction homes. New construction inventory increased 98.1% in July,, while resale home inventory decreased 26.6% year-over-year.
  • Months supply of inventory was flat in July 2019 at 3.2 months. However, months supply of resale homes was just 2.1 months, while new construction inventory stood at 4.7 months supply.
  • Median percent of original list price that sellers received for their homes in July 2019 was 98.7%, showing very 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 $403,939. Average sale price of new construction homes was almost $97,000 higher than that of resale homes in July 2019,despite the fact that average sale prices for resale homes increased 8.1% year-over-year.

Indian Land’s Hot Neighborhoods

Wondering what the hot neighborhoods in  Indian Land are? Click on the picture below to discover the 13 hottest neighborhoods to be watching in the 29707 zip code.


 

Find Your Indian Land Dream Home

It’s easy to find your dream home in the Indian Land area at GreatHomesInCharlotte.com. You can search for all homes for sale in the 29707 zip code for sale here at: www.GreatHomesInCharlotte.com.

 

 

 

And don’t miss out on the newest home listings in Indian Land, SC. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in the Indian Land area.

 

Click here to get your FREE copy of our Summer 2019 Home Buyer Guide: Things To Consider When Buying A Home

 


 

What’s Your Indian Land Area Home Worth?

Wondering what your Indian Land home is worth in today’s market? Find out by clicking on the picture below.  

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 this information with no obligation on your part.

Click here to get your FREE copy of our Summer 2019 Home Seller Guide: Things To Consider When Selling Your House


 

Previous Housing Market Updates For Indian Land, SC

Buying Or Selling A Home In The Indian Land Area…

… The Right Broker Makes All The Difference!

 

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.

If you’re considering selling or purchasing a home in the Indian Land/29707 zip code area, I’d love an opportunity to earn your business, exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”

Great Homes In Charlotte


 

Indian Land, SC Homes For Sale


Summary
Indian Land, SC (29707) Real Estate Report: July 2019
Article Name
Indian Land, SC (29707) Real Estate Report: July 2019
Description
Indian Land, SC (29707 zip code) real estate report/snapshot for July 2019. The Indian Land housing market remains a seller's market with just 3.2 months supply of inventory overall, but with only a 2.1 months supply of resale homes. While new listings increased 3.8%, most of the increase was from new construction, as resale inventory dropped 26.6% year-over-year. Moreover, resale home inventory dropped 28.7% in June versus the same month one year ago. Average sale prices in June were relatively flat, while the median sale price of Indian Land homes increased 6.8% in June 2019, with new construction homes selling at about $40,000 more on average than resale homes. With home sellers getting 97.9% of selling price, not much room for buyers to negotiate. Pending sales increased almost 29% year-over-year, while closed sales were down 3%, most likely due to lack of resale inventory.
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