Indian Land Real Estate June 2024

NEW LISTINGS IN INDIAN LAND DECLINE A SECOND CONSECUTIVE MONTH

New listings in June 2024 were 93, down 7% from 100 in the previous month of May. Compared with June 2023, new listings were 14.81% higher at 81 listings. Compared with June 2022 new listings (138 listings) in June 2024 were considerably lower.

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

Indian Land housing inventory increased 9.59% to 240 from 219 in the previous month of May. Compared with June 2023, the number of properties for sale increased 38.73% from 173. Compared with June 2022, inventory was up from 215 properties for sale. The June 2024 inventory was at its highest level compared with June 2023 and 2022.  June 2024 inventory was also at its highest level in the past three years.

The months supply of inventory increased in June to 3.38 months from 2.82 months in May 2024. With 3.38 months supply of inventory, Indian Land remained in home seller “territory” in the month of June 2024.

INDIAN LAND  HOME SALE PRICES DOWN MONTH-OVER-MONTH | UP YEAR-OVER-YEAR

Average home sale price in June 2024 was $551,249, down 6.59% from the average sale price of $590,129 in the previous month of May. Average sale price was 9.3% higher than $504,351 in June one year ago. The average sale price in June 2024 was at its highest level compared with June 2023 and 2022.

Median home sale price in June 2024 was $530,000, down 3.64% from $550,000 in the previous month of May. Median sale price increased 13.37% from $467,500 in June 2023. The median sale price in June 2024 was at its highest level compared with June 2023 and 2022.

Price per square foot for Indian Land homes in June 2024 was $230, up 2.22% from $225 the previous month of May. Year-over-year, the June 2024 price per square foot was was 5.99% higher than in June 2023 when it was $217 per square foot. 

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

The list to sale price ratio in June 2024 was 99.36%, down from 100.58% in the previous month of May 2023. The list to sale price ratio was equal to that of June 2023. Indian Land home buyers continued to see little room to negotiate on price.

DAYS ON MARKET UP AFTER DECLINING THREE CONSECUTIVE MONTHS

Days on market for Indian Land properties in June 2024 were 31 days, increasing from 19 days in the previous month of May. June’s days on market were 10.71% higher than in June 2023, which saw 28 days on market. Compared with June 2022, days on market were 26 days higher this year. 

NUMBER OF PROPERTIES SOLD DOWN

The number of properties sold in June 2024 declined 7.79% to 71 sales from 77 in the previous month of May. Compared with June 2023, sales declined 15.48% from 84. Compared with June 2022, sales declined from 114. 

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.

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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.

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 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.”