Indian Trail Real Estate July 2024

 

 Indian Trail Real Estate July 2024 Trends

 

INDIAN TRAIL HOME SALE PRICES 

Average home sale price in Indian Trail was $472,673, down 1.25% from $478,646 in the previous month of June. The average sale price improved 8.46% from $435,767 in July one year ago. The Indian Trail average home sale price in July 2024 was at its highest compared with July 2023 and 2022.

 

Median home sale price was $464,000, up 8.18% from $428,916 in the previous month of June. The median sale price was 16.73% higher than the $397,500 price in July 2023.  The Indian Trail median home sale price in July 2024 was at its highest level compared with July 2023 and 2022.

 

Price per square foot averaged $215 in July 2024, down 1.83% from the previous month’s $219 per square foot. Price per square foot was 3.37% higher than $208 in July 2023. 

 

INDIAN TRAIL HOUSING INVENTORY UP MONTH-OVER-MONTH & YEAR-OVER-YEAR

The number of properties for sale in July 2024 increased 6.99% to 199 properties for sale from 186 in the previous month of June. Inventory was 21.34% higher than in July 2023 when inventory stood at 164 homes. Compared with July 2022, when properties for sale stood at 222, inventory was lower in July 2024. The July 2024 inventory was at its highest level since December 2022 when inventory stood at 208 properties for sale.

 

The months supply increased to 3.9 months from 3.1 months in the previous month of June. At just under four months of inventory, Indian Trail remained a home seller’s market in July 2024.

 

 

NEW LISTINGS UP MONTH-OVER-MONTH & YEAR-OVER-YEAR

New listings increased 5.97% from 67 properties to 71 properties month-over-month. New listings were 9.23% higher than the 65 new listings we saw one year ago in July 2023. July 2024 listings were lower compared with July 2022, which saw 106 new listings.

 

 

INDIAN TRAIL HOME SALES DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR

Sales in July 2024 declined 15% to 51 from 60 sales in June. Sales were at their lowest level compared with July 2023 (67 sales) and July 2022 (78 sales). Nonetheless, July 2024 sales were at their third highest level since October 2023.

 

 

DAYS ON MARKET INCREASED AFTER 5 CONSECUTIVE MONTHS OF DECLINES

Average days on market increased 28.57% to 27 days from 21 days in the previous month of June. Compared with July 2023, days on market were 3 days higher this year (+12.5%). Compared with July 2022, days on market were 12 days higher this year. 

 

 

LIST TO SALE PRICE RATIO JUST UNDER 100%

The list to sale price ratio in July 2024 was 98.65% down from 99.9% in the previous month and down from 99.79% in July one year ago. 

 

 

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

 

I can help.

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

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

 

 

 

Indian Trail, NC is ranked as one of America’s 50 Top Small Cities To Live In

 

Did you know that Indian Trail’s Porter Ridge Middle School and Union Prep Academy are ranked in the top 20 middle schools in the Greater Charlotte area? Union Prep Academy, a charter school, is ranked the #1 public middle school in Union County.

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

 

This Charlotte, North Carolina real estate monthly update for the Indian Trail area in the 28079 zip code is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real estate expert and Indian Trail specialist. I’ve been opening doors for Indian Trail area home buyers and sellers since 1999.

 

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 why experience matters and how:

“The Right Broker Makes All The Difference.”