Indian Land Real Estate Report: October 2020

Latest news on the Indian Land real estate market in October 2020 and what it means for you…

The Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in October with just 1.3 months supply of inventory overall, down 56.7% from 3 months in October 2019. Housing inventory was down 45.4% in October year-over-year despite an 27.4% increase in new listings. New construction inventory, long a staple of Indian Land housing, was down 46.2% year-over-year.

Both average and median sale prices increased in October to $362,167 and $359,750, respectively. Average sale prices increased 9.3% year-over-year and median sale prices increased 7.6% year-over-year.  New construction prices were about $46,000 higher, on average, than resale home prices, increasing 6.3% year-over-year.

Closed sales increased in October by 32.2% year-over-year. Pending sales increased 11.5% versus October 2019. Despite the ongoing pandemic, home buyers remained out in full force in the Indian Land area in October 2020. Historically low interest rates fueled buyer demand.

Average days on market were 25 days (down 18 days year-over-year).  Median days on market were 7 days (down 10 days year-over-year). Because of buyer demand and low inventory, Indian Land homes continue to sell quickly. 

With home sellers receiving a median 100% of asking price in sale price (up 1.9% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in October 2020.

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

October 2020 Versus October 2019

14 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.”