Indian Land (29707 Zip Code) Housing Market Report: January 2021

By
Real Estate Agent with Coldwell Banker Realty

 

 

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

 

The Indian Land, South Carolina (29707 zip code) housing market remained a seller's market in January with just 0.8 months supply of inventory overall, down 65.2% from 2.3 months in January 2020. The months supply of resale homes in Indian Land was just 0.5 months. Inventory is at critically low levels.

 

Housing inventory was down 60.3% in January year-over-year, coupled with a 38.9% decrease in new listings  year-over-year. New construction inventory, long a staple of Indian Land housing, was also down 67.5% year-over-year. The months supply of new construction inventory homes were just 0.6 months. Resale home inventory dropped 32.4% year-over-year.

 

Both average and median sale prices increased in January to $376,535 and $369,391, respectively. Average sale prices increased 16% year-over-year and median sale prices increased 11.1% year-over-year.  

 

Closed sales increased in January by 22.6% year-over-year. Pending sales decreased 24.7% versus January 2021, due to lack of inventory to buy. Despite the ongoing pandemic, home buyers were out in full force in the Indian Land area in January 2021. Historically low interest rates fueled buyer demand.

 

Average days on market were 27 days (down 40 days year-over-year).  Median days on market were 10 days (down 31 days year-over-year). Because of buyer demand and razor thin inventory, Indian Land homes continued to sell in under one month, on average.

 

With home sellers receiving a median 100% of asking price in sale price (up 3.1% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in January 2021.

   

 

 

 

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

 

We can help. Call us today at 704-779-0813 or contact us here.

 

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE    

 

 

 

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

 

 

 

 Indian Land Housing Market Highlights

January 2021 Versus January 2021

 

 

Indian Land (29707 Zip Code) Real Estate Update: January 2021

 

 

 

14 HOT INDIAN LAND NEIGHBORHOODS

 

   

 

 

 

SEARCH ALL 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 we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

 

Contact us 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.

 

 

We're 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"

 

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

   

 

 

 

MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC

 

 

 

 

This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Land specialists. We've been opening doors for Indian Land home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in Indian Land or anywhere in the greater Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

 

 Read the original article at: www.GreatHomesInCharlotte.com 

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (19)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Once again your expertize shines in this Indian Land, South Carolina market report.  We know who to send folks to if someone asks u.  Happy Wednesday!  A

Feb 17, 2021 10:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra. Just spoke with a new client who was referred to me by a previous client, who purchased in Indian Land, and now wants her best friend to also move closer to her in Indian Land.

Feb 17, 2021 12:00 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Those are some exciting numbers for sellers for the Indian Land real estate report and update. Is that your phone ringing Nina Hollander 😃

Feb 17, 2021 04:37 PM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Nina Hollander Thank you for sharing this housing market update! Great information as always.

Feb 17, 2021 05:47 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - wow, .8 months supply.  Houses are becoming like toilet paper in March.

Feb 18, 2021 03:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... sellers love those numbers... buyers not so much.

Feb 18, 2021 04:02 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joe Manausa good morning, Joe... thanks for stopping by. Wishing you a terrific Thursday... trust you are not in the path of all the bad weather.

Feb 18, 2021 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant... and the supply of resale homes is even lower... more like half a month.

Feb 18, 2021 04:04 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Thursday morning, Nina.

Take care, be safe and have a great day.

Feb 18, 2021 04:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy. We are good here... cold rain, but no ice or snow. Hopefully you are staying safe, yourself.

Feb 18, 2021 04:21 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a very icy day in Maryland. 

I will have some shoveling to do later today and on Friday.

Feb 18, 2021 04:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley hi again, Roy... I certainly don't envy you in that regard! Be careful.

Feb 18, 2021 04:35 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have always been intrigued by the name Indian Land, so of course, I always look forward to this report.

Feb 18, 2021 05:17 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning again, Brian... I've been waiting for you to stop by! And here you are! :)

Feb 18, 2021 05:23 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, your market reports are always informational and easy to read.   Great update for Indian Land.

Feb 18, 2021 06:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox thanks, Joan... good to know that as it's what I'm always aiming for. 

Feb 18, 2021 06:38 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Indian Land home buyers and sellers are sure to value your real estate market report, Nina.

Feb 18, 2021 06:17 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... as always thank you for taking the time to stop by and leave me a comment.

Feb 19, 2021 03:58 AM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Nina,

How did Indian Land get its name? What is the story behind the community?

Mar 06, 2021 09:32 PM