Indian Land, SC (29707 zip code) real estate report for January 2020. The Indian Land housing market remained a seller’s market with just 2.1 months supply of inventory overall, despite more homes listed for sale in the month of January 2020. Resale inventory is razor-thin at just 1.5 months. Average and median home sale prices up year-over-year.
Indian Land Real Estate Report: January 2020
Latest news on the Indian Land real estate market and what it means for you…
Indian Land, SC (29707 zip code) real estate report/snapshot for January 2020. The Indian Land housing market remains a seller’s market with just 2.1 months supply of inventory overall, down a full month from 3.1 months in January 2019. Housing inventory was down 19.4% in January, overall, with resale inventory at only 1.5 months of supply. New construction inventory stood 2.3 months, down from 3.1 months of supply in the prior month of December. Whether you’re looking a resale or new construction inventory, it’s razor-thin.
Both average and median sale prices increased in January to $326,689 and $335,000, respectively. Average sale prices increased 0.9% year-over-year and median sale prices increased 4.9% year-over-year.
Both closed sales and pending sales increased significantly in January… closed sales by 10.9% and pending sales by 50.7% versus January 2019.
Average days on market increased to 67 days (up 16 days year-over-year), but decreased 13 days from December 2019. Median days on market were 42 days (increased 16 days year-over-year), but down 6 days from December 2019. New construction throughout Indian Land keeps the cumulative days on market somewhat higher.
At an average sale price of $384,975 new construction homes sold at a $76,000+ premium over resale homes in January 2020. With home sellers receiving 97.1% of asking price in sale price, there was a small negotiating opportunity for home buyers.
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Indian Land Housing Market Highlights: January 2020 vs January 2019
Median Home Price Trends In Indian Land
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Previous Indian Land Housing Market Updates
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This Charlotte, North Carolina real estate monthly update for Indian Land is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Indian Land/Lancaster County 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 Real Estate Report: January 2020
- Indian Land Housing Market Highlights: January 2020 vs January 2019
- Median Home Price Trends In Indian Land
- Find Your Indian Land Dream Home
- What's Your Indian Land Home Worth?
- Previous Indian Land Housing Market Updates
- Whether You're Buying Or Selling An Indian Land Home...