Indian Trail has fully recovered from the negative affects of the corona virus we saw early in 2020. Year-over-year, home prices increased, while days on market decreased 36 days. Housing inventory is razor-thin with less than a one month’s supply of homes. New listings were also down in March year-over-year.
Indian Trail (28079 Zip Code) Housing Market Update: March 2021
Latest news on the Indian Trail real estate market in Marchand what it means for you…
Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge has totally recovered from the effects of the pandemic and is without doubt a home seller’s market. Home prices increased over March 2020, while days on market and inventory dropped significantly year-over-year.
Average home prices increased 6.3% to $322,980 in March 2021 compared with the same month one year ago. Median home prices increased 3.2% to $320,000 year-over-year. Price per square foot averaged $155 (up $24/square foot), increasing 18.3% year-over-year.
The months supply of homes for sale dropped to 0.7 months (down 63.2% from 1.9 months in March 2020). Inventory of homes also dropped 65.8% compared with the same month one year ago. New listings decreased in March — by 13% compared with the same time frame one year ago.
Closed sales in March increased 10.6%, while pending sales decreased 1.2%. With so little inventory, it’s no wonder that pending sales dropped in March
The low inventory coupled with higher home prices are a testament to the recovery of the Indian Trail housing market after a dismal performance in the first couple of months of the pandemic.
Average days on market were 12 (down 36 days year-over-year). Median days on market were just 2 (down 8 days year-over-year) in February. This, too, speaks to pent-up buyer demand and a recovered market for the Indian Trail housing market in March 2021.
At a median selling price of 100.7% of list price (up 2.4% from March 2020), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail’s hottest selling communities.
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Indian Trail Area Housing Market Highlights
March 2021 versus March 2020
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And did you know that Indian Trail’s Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?
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Median Home Sale Price Trends For 28079 Zip Code
Median Home Sale Prices Trends For: Indian Trail, Stallings, Hemby Bridge
This Charlotte, North Carolina real estate monthly update for Indian Trail area in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Trail specialists. We’ve been opening doors for Indian Trail area home buyers and sellers for 20+ years.
If you’re considering selling or purchasing a home in the Indian Trail area or anywhere in the the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:
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