Indian Land Real Estate November 2023

NEW LISTINGS IN INDIAN LAND DECLINED MONTH-OVER-MONTH & YEAR-OVER-YEAR

New listings in November 2023 were 42, declining 32.26% from 62 in October 2023. Compared with November 2022, new listings were down 35.38% from 65 listings. The November 2023 listings were at their lowest level compared with November 2022 (65 listings) and November 2021 (71 listings). This was the lowest number of new listings in Indian Land in over three years.

INDIAN LAND INVENTORY FLAT MONTH-OVER-MONTH, LOWER YEAR-OVER-YEAR

Despite fewer new listings, the number of properties for sale in November 2023 was 224, increasing one home over the previous month of October. Compared with November 2022, the number of properties for sale declined 5.49% from 237 properties. Compared with November 2021, the number of properties for sale increased from 172. The November 2023 months supply of inventory of  4.48 months was at its highest level compared with November 2022 and 2021, but down slightly from one month ago. At 4.48 months of inventory, Indian Land has become more of a balanced market between buyers and sellers.

INDIAN LAND HOME SALE PRICES DECLINED 

Average home sale price in November 2023 was $484,053, down 10.86% from the average sale price of $543,042 in the previous month of October.  November’s average sale price was 20.16% lower than one year ago in November when the average sale price was $606,291. Some of this decline can be attributed to the price mix of homes sold in the most recent month, especially new construction homes.

Median home sale price in November 2023 was $475,4000, down 7.69% from October’s $515,000. Median sale price declined 23.12% from $618,383 in November 2022. Some of this decline can be attributed to the price mix of homes sold in the most recent month, especially new construction homes.

Price per square foot for Indian Land homes in November 2023 increased 3.18% to $227 from $220 in the most recent month of October. Year-over-year, the November 2023 price per square foot was was 9.66% higher than in November 2022 when it was $207 per square foot.

INDIAN LAND REAL ESTATE MEDIAN HOME PRICE TRENDS

(12 Month Rolling Average)

LIST TO SALE PRICE RATIO IN INDIAN LAND DECLINED MONTH-OVER-MONTH, FLAT YEAR-OVER-YEAR

The list to sale price ratio in November 2023 decreased to 98.97% from 100.25% in October 2023. Compared with November 2022, the November 2023 list to sale price ratio was unchanged.

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

Days on market for Indian Land properties were 36 days, up from 22 days in the previous month of October. November’s days on market were at their highest level compared with November 2022 (23 days on market) and November 2021 (11 days on market). 

NUMBER OF PROPERTIES SOLD INCREASED FROM OCTOBER 2023

The number of properties sold was 50 in November 2023 increasing 2.04% from 49 properties sold in October 2023. Sales were also 32.43% lower than in November 2022. The November 2023 sales were at their lowest compared with November 2022 (74 sales) and November 2021 (96 sales).

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.

Call me today at 704-779-0813 or contact me here.

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 MORE INFORMATION ON THE INDIAN LAND, SC HOUSING MARKET’S PERFORMANCE 

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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.

Contact me 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.

I’m 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”

This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander, Greater Charlotte area residential real estate expert and Indian Land specialist. I’ve been opening doors for Indian Land home buyers and sellers for 25 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 why experience matters and how:

“The Right Broker Makes All The Difference.”