Indian Land Real Estate March 2021

Indian Land real estate March 2021 unquestionably remained a home seller’s housing market. Home prices increased, homes sold quickly with both average and median days on market significantly lower. The months supply of homes was critically low at 0.6 months and housing inventory also dropped by almost 74% year-over-year.


Indian Land Real Estate March 2021


Latest news on the Indian Land real estate market in March 2021 and what it means for you…


Indian Land (29707 Zip Code) Real Estate UpateThe Indian Land, South Carolina (29707 zip code) housing market remained a seller’s market in March with just 0.6 months supply of inventory overall, down 76.9% from 2.6 months in March 2020. The months supply of resale home inventory was even lower at 0.4 months down from 2.2 months one year ago.


Housing inventory was down 73.7% in March year-over-year, coupled with a 19.7% decrease in new listings year-over-year. New construction inventory, long a staple of Indian Land housing, was also down 82.7% year-over-year. The months supply of new construction inventory homes were just 0.3 months down from 2.2 months one year ago. Resale home inventory dropped 81.1% year-over-year.


Both average and median sale prices increased in March to $387,593 and $364,262, respectively. Average sale prices increased 15.6% year-over-year and median sale prices increased 11.7% year-over-year.  Home sale prices also increased month-over-month. Average home sale prices in March were some $27,000 higher than in February. Median home sale prices in March were some $10,000 higher than in February. Lack of inventory is driving home prices up.


Closed sales decreased in March by 26.2% year-over-year. Pending sales increased 20.5% versus March 2020. Lack of inventory impacted the closed number of sales in March.  Despite the ongoing pandemic, home buyers were out in full force in the Indian Land area in March 2021. Historically low interest rates fueled buyer demand.


Average days on market were 18 days (down 29 days year-over-year). Average days on market were also down 20 days since the prior month of February. Median days on market were 3 days (down 18 days year-over-year). Median days on market in March 2021 were less than half of what we saw the prior month of February. Because of buyer demand and razor thin inventory, Indian Land homes continued to sell in under three weeks, on average.


With home sellers receiving a median 100% of asking price in sale price (up 1.2% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in March 2021.



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 Indian Land Real Estate Market Highlights

March 2021 vs March 2020


Indian Land/29707 Zip Code Home Sales Report March 2021








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This Charlotte, North Carolina monthly Indian Land real estate March 2021 update is provided  by Nina Hollander, Coldwell Banker Realty, Greater Charlotte 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:

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