Indian Land Real Estate April 2024

Indian Land (29707 zip code) housing market update for April 2024

 

 

INDIAN LAND REAL ESTATE APRIL 2024: WHAT TO KNOW NOW

 

 

Indian Land real estate April 2024 saw new listings increased significantly from the previous month of March (+52.9%). Inventory was also almost 31% higher than in April one year ago. With  3.79 months supply of inventory, Indian Land remained a seller’s housing market, but was slowly moving towards a balanced market.  April 2024 inventory was at its highest level since November 2023. Days on market declined to 32 days in April 2024. List to sale price ratio remained unchanged at just under 100%, keeping the opportunities to negotiate on price at a minimum. Average home price increased both month-over-month and year-over-year with the average price per square foot at its highest level since 2021. The number of properties sold in April declined from one month ago and one year ago.

 

 Indian Land Real Estate April 2024

Housing Market Trends Snapshot

Indian Land (29707 zip code) real estate market trends in April 2024

 

 

NEW LISTINGS IN INDIAN LAND UP ALMOST 53%

New listings in April 2024 were 107, up 52.86% from 70 in the previous month of March. Compared with April 2023, new listings were up 30.49% from 82 listings. Compared with April 2022 new listings (117 listings) in April 2024 were lower.

 

 

INDIAN LAND INVENTORY UP MONTH-OVER-MONTH & UP YEAR-OVER-YEAR

Indian Land housing inventory increased 12.17% to 212 from 189 in the previous month of March. Compared with April 2023, the number of properties for sale increased 12.17% from 189. Compared with April 2022, inventory was up from 152 properties for sale. The April 2024 inventory was at its highest level compared with April 2023 and 2022.  April 2024 inventory was also at its highest level since November 2023, when inventory stood at 217 properties.

 

With 3.79 months supply of inventory, Indian Land remained in home seller “territory” in the month of April 2024, but was moving towards a balanced market between buyers and sellers.

 

 

INDIAN LAND AVERAGE HOME SALE PRICE UP

Average home sale price in April 2024 was $527,994, up 3.88% from the average sale price of $08,264 in the previous month of March. Average sale price was also 1.1% higher than $522,234 in April one year ago.

 

Median home sale price in April 2024 was $472,500, equal to that in the previous month of March. Median sale price declined 7.71% from $512,000 in April 2023. This decline is likely due to the price mix of homes sold in April 2024 and not to any decline in home values in Indian Land.

 

Price per square foot for Indian Land homes in March 2024 was $231 unchanged from the previous month of March. Year-over-year, the April 2024 price per square foot was was 13.79% higher than in April 2023 when it was $203 per square foot. March and April 2024 price per square foot was at its highest level since 2021.

 

INDIAN LAND REAL ESTATE MEDIAN HOME PRICE TRENDS

(12 Month Rolling Average)

 

 

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

The list to sale price ratio in April 2024 was 99.57%, unchanged from the previous month of March and from April 2023. Indian Land home buyers continued to see little room to negotiate on price.

 

 

DAYS ON MARKET REMAINED LOW

Days on market for Indian Land properties in April 2024 were 32 days, down from 34 days in the previous month of March. April’s days on market were 23.08% higher than in April 2023, which saw 26 days on market. Compared with April 2022, days on market were 26 days higher this year. April 2024 days on market were at their lowest level since October 2023, when DOM stood at 22.

 

 

NUMBER OF PROPERTIES SOLD DECLINED

The number of properties sold in April 2024 declined 23.29% to 56 sales from 73 in the previous month of March. Compared with April 2023, sales declined 12.5% from 64. Compared with April 2022, sales declined from 71. The April 2024 sales were at their lowest level compared with April 2023 and 2022.

 

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

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

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

 

 

 

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

 

10 HOT INDIAN LAND NEIGHBORHOODS

Hottest Selling Indian Land SC Neighborhoods

 

SEARCH 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 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.

 

I’m happy to provide an expert home value analysis with no obligation on your part.

What's My Home Worth?

 

 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 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.”

 

 

Previous Indian Land Real Estate Reports

Indian Land Real Estate Report: March 2024

Indian Land Real Estate Report: February 2024      Indian Land Real Estate Report: January 2024

Indian Land Real Estate Report: December 2023          Indian Land Real Estate Report: November 2023

Indian Land Real Estate Report: October 2023         Indian Land Real Estate Report: September 2023

Indian Land Real Estate Report: August 2023        Indian Land Real Estate Report: July 2023

Indian Land Real Estate Report: June 2023        Indian Land Real Estate Report May 2023

Indian Land Real Estate Report: April 2023        

       

 

Find Your Indian Land Dream Home