Indian Land Real Estate August 2024

NEW LISTINGS IN INDIAN LAND INCREASE

After three months of declines, new listings in August 2024 increased to 100, up 20.48% from 83 in the previous month of July. Compared with August 2023, new listings were 14.94% higher versus 87 listings. Compared with August 2022 new listings (91 listings) in August 2024 were also higher.

INDIAN LAND INVENTORY UP A 5TH CONSECUTIVE MONTH

Indian Land housing inventory increased 7.85% to 261 from 242 in the previous month of July. Compared with August 2023, the number of properties for sale increased 36.65% from 191. Compared with August 2022, inventory was up from 223 properties for sale. The August 2024 inventory was at its highest level compared with August 2023 and 2022.  August 2024 inventory was also at its highest level in the past three years.

The months supply of inventory increased in August to 3.84 months from 3.28 months in July 2024. With 3.84 months supply of inventory, Indian Land remained in home seller “territory” in the month of August 2024.

INDIAN LAND  HOME SALE PRICES MIXED

Average home sale price in August 2024 was $575,189, essentially equal to the average sale prior in the prior month of July. Average sale price was 1.86% higher than $564,683 in August one year ago. The average sale price in August 2024 was at its highest level compared with August 2023 and 2022.

Median home sale price in August 2024 was $477,500, down 10.75% from $535,000 in the previous month of July. Median sale price declined 9.24% from $526,090 in August 2023. The median sale price in August 2024 was at its lowest level compared with August 2023 and 2022.

Price per square foot for Indian Land homes in August 2024 was $233, up 1.3% from $230 the previous month of July. Year-over-year, the August 2024 price per square foot was was 3.56% higher than in August 2023 when it was $225 per square foot. 

LIST TO SALE PRICE RATIO IN INDIAN LAND JUST UNDER 100%

The list to sale price ratio in August 2024 was 99.53%, down from 100.18% in the previous month of July. The list to sale price ratio was equal to that of August 2023. Indian Land home buyers continued to see little room to negotiate on price.

DAYS ON MARKET UP MONTH-OVER-MONTH & YEAR-OVER-YEAR

Days on market for Indian Land properties in August 2024 were 42 days, increasing 10 days from the previous month of July. August’s days on market were 180% higher than in August 2023, which saw 15 days on market. Compared with August 2022, days on market were 28 days higher this year. 

NUMBER OF PROPERTIES SOLD DOWN

The number of properties sold in August 2024 declined 6.85% to 68 sales from 73 in the previous month of July. Compared with August 2023, sales increased 4.62% from 75. Compared with August 2022, sales declined from 105. 

Want to know what this would mean for your family if you decide to buy or sell an Indian Land area home?

I can help.

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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 I can assist you in gaining access to buyers who area ready, willing, and able to buy now.

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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.

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This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander with Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Indian Land specialist. I’ve been opening doors for Indian Land home buyers and sellers since 1999.

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 why experience matters and how:

“The Right Broker Makes All The Difference.”