Indian Trail, NC Home Prices Increase 21.2% In August 2021 Year-Over-Year

By
Real Estate Agent with Coldwell Banker Realty

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

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge remains a home seller's market. In fact, it's been six years since Indian Trail could be considered a balanced market. Home prices increased by double digits over August 2020, as did pending sales. Meantime, days on market and inventory dropped significantly year-over-year, despite an increase in new listings in August.

 

Average home prices increased 21.2% to $363,856 in August 2021 compared with the same month one year ago. Average home prices have increased almost $100,000 since August 2019. Median home prices increased 18.6% to $362,000 year-over-year, with median home prices about $108,000 higher than two years ago.  Price per square foot averaged $166 (up $27/square foot), increasing 19.4% year-over-year.

 

The months supply of homes for sale dropped to 0.8 months (down 52.9% from 1.7 months in August 2020 and down from 2.6 months in August 2019). Inventory of homes also dropped 44.6% compared with the same month one year ago. New listings increased in August -- by 25.5% compared with the same time frame one year ago. Despite the increase in new listings, inventory of homes dropped and remained low. Homes sold as fast as they came on the market.

 

Closed sales in August 2021 were flat year-over-year, while pending sales increased 23.0%. The increase in new listings most likely increased the pending sales.

 

Average days on market were 13 (down 19 days year-over-year).  Median days on market were just 4 (down 3 days year-over-year and down 6 days from August 2019) in August.  During August, homes listed for sale had 13.7 showings, an increase of 5.5% over August 2020. All this speaks to pent-up buyer demand for Indian Trail homes.

 

At a median selling price of 104.1% of list price (up 4.1% from August 2020), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail's hottest selling communities.

 

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

Wondering About Charlotte's Real Estate Market? Call Nina Hollander   

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 DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE

   

 Indian Trail Area Housing Market Highlights

August 2021 versus August 2020

Indian Trail (28079 Zip Code) Real Estate Market Report August 2021

 

 

Indian Trail, NC is ranked as one of America's 50 Top Small Cities To Live In

CHECK OUT THE...

9 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

Hottest Selling Indian Trail Neighborhoods   

 

And did you know that Indian Trail's Porter Ridge Middle School is ranked in the top 20 middle schools in the Charlotte metro area?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR INDIAN TRAIL, NC HOME IS WORTH?

What's My Indian Trail Area 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 Sale Price Trends For 28079 Zip Code 

   

 Median Home Sale Prices Trends For:

Indian Trail, Stallings, Hemby Bridge

 

 

This Charlotte, North Carolina real estate monthly update for the Indian Trail area in the 28079 zip code is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Indian Trail specialists. We've been opening doors for Indian Trail area home buyers and sellers for 20+ years.

If you're considering selling or purchasing a home in the Indian Trail area or anywhere in the 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."

    

 

Read the original post 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

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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 (14)

Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The graphic that you share summarizes the statistics very well and the Indian Trail market is certainly hot.

Sep 25, 2021 04:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... Indian Trail is still a relatively affordable housing market and that also keeps it strong.

Sep 25, 2021 05:12 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, great market report for Indian Trail and six years of a very strong Seller's market is a long time for buyers.

Sep 25, 2021 05:12 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Thinventory is in danger of being replaced by noventory! Hot is hot but this is close to ridiculous. Enjoy your day.

Sep 25, 2021 05:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... many parts of our region have been a seller's market for a solid five years... and I don't see that changing in the coming year.

Sep 25, 2021 05:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... we have a slight (and I mean slight) increase in inventory. But it's really infinitesimal when you consider the level of buyer demand.

Sep 25, 2021 05:15 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning again, Nina,

As I read the comments and your replies, I am delighted that there is an infintesimal rise in inventory...every little bit helps.  A

Sep 25, 2021 06:13 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

Sep 25, 2021 08:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... the increase is so infinitetesimal that buyers don't hardly see it... their attitude is like that old commercial "show me the meat!" :)))

Sep 25, 2021 11:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy. Trust you've been enjoying your Saturday. I did something really radical today and took half a day off!

Sep 25, 2021 11:54 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Well Nina Hollander, Broker you give a great breakdown of the Indian Trail market and why Sellers or buyers need to use your expertise!

Sep 25, 2021 12:22 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ginny Gorman thanks, Ginny! And of course, that's the whole idea behind doing market reports!

Sep 25, 2021 12:39 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Sep 25, 2021 05:08 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... thanks for stopping by. Wishing you a lovely Sunday ahead.

Sep 26, 2021 04:18 AM