Indian Land, SC (29707 Zip Code) Housing Market Update: March 2021

By
Real Estate Agent with Coldwell Banker Realty

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

 

The 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 closed number os 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.

 

 

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.

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

 

 

  Indian Land Housing Market Highlights

March 2021 Versus March 2020

  Indian Land/29707 Zip Code Home Sales Report March 2021  

 

9 HOT INDIAN LAND NEIGHBORHOODS 

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 Is My Indian Land, SC 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 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 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 

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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 (22)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Hannah... I'm waiting for a post here in the Rain from someone who says "we've got tons of houses, send your buyers." :)

Apr 28, 2021 01:11 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Alexandra... I think we'll be waiting for a while before we get out of this extreme lack of inventory.

Apr 28, 2021 01:12 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Buying a home right now is very challenging and you are the true professional in your area to get it done Nina!

Apr 28, 2021 02:24 PM
Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Nina, there's no doubt that Indian Land's home buyers and seller would benefit using your services!

 

Apr 28, 2021 02:57 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- your market updates are always so informative and easy to read. Thank you. 

Apr 28, 2021 06:36 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

As a student and avid reader of market updates, I look forward to yours daily Nina 👍

Apr 28, 2021 08:54 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina we could change the zip code and the name and it could be per cent wise in Los Angeles just the price point would be different, Endre

Apr 28, 2021 11:47 PM
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.

Apr 29, 2021 12:56 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - based on these numbers new construction might be an option for those who can wait.

Apr 29, 2021 03:17 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Wanda... and thank you for the kind words. I've often said that any idiot can open a door with a lock box key... it's really all the other stuff that matters, especially in a market like this one.

Apr 29, 2021 04:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you, Shayne... I've been selling in Indian Land for 20 years... long before many agents in our area knew how to find it.

Apr 29, 2021 04:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Kathy, and thanks for the compliment... that's what I aim for with my market reports... easy to read and understand. 

Apr 29, 2021 04:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning and thank you, Paul... high praise coming from you... and it's made my day!

Apr 29, 2021 04:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Endre... I totally agree. Change some price points and we could be reading about the housing market most anywhere in the nation.

Apr 29, 2021 04:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Thursday morning, Myrl. Thanks for checking in and wishing you the loveliest of days ahead.

Apr 29, 2021 04:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Grant. New construction is a very, very long wait these days (and expensive). I closed a new construction home the other day -- nine months since we signed the contract. I'm closing on another three new construction projects this spring/summer and one took 13 months, the other two also some nine months.

Some of our builders have actually stopped selling for the time being or have so restricted release of lots, they do it by lottery.

Apr 29, 2021 04:38 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I try not to miss an Indian Land update and an almost 20% increase in new listings is a good thing!

Apr 29, 2021 05:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Brian... I was wondering where you were! :) That 20% increase in new listings was like a drop in the bucket sad to say.

Apr 29, 2021 06:15 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, Indian Land is even in dire need of listings - goodness, when will this improve?

Apr 29, 2021 06:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Joan... well, I'd like to see the inventory situation improve like now! Have a feeling I'll be waiting for a while, though.

Apr 29, 2021 06:52 AM