Indian Land Real Estate Report: March 2021

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

The Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in March with just 0.6 months supply of inventory overall, down 76.9% from 2.6 months in March 2020. The months supply of resale home inventory was even lower at 0.4 months down from 2.2 months one year ago.

Housing inventory was down 73.7% in March year-over-year, coupled with a 19.7% decrease in new listings year-over-year. New construction inventory, long a staple of Indian Land housing, was also down 82.7% year-over-year. The months supply of new construction inventory homes were just 0.3 months down from 2.2 months one year ago. Resale home inventory dropped 81.1% year-over-year.

Both average and median sale prices increased in March to $387,593 and $364,262, respectively. Average sale prices increased 15.6% year-over-year and median sale prices increased 11.7% year-over-year.  Home sale prices also increased month-over-month. Average home sale prices in March were some $27,000 higher than in February. Median home sale prices in March were some $10,000 higher than in February. Lack of inventory is driving home prices up.

Closed sales decreased in March by 26.2% year-over-year. Pending sales increased 20.5% versus March 2020. Lack of inventory impacted the closed number of sales in March.  Despite the ongoing pandemic, home buyers were out in full force in the Indian Land area in March 2021. Historically low interest rates fueled buyer demand.

Average days on market were 18 days (down 29 days year-over-year). Average days on market were also down 20 days since the prior month of February. Median days on market were 3 days (down 18 days year-over-year). Median days on market in March 2021 were less than half of what we saw the prior month of February. 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% of asking price in sale price (up 1.2% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in March 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

March 2021 Versus March 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.”