Indian Land, SC Home Prices Increase 45.5% In August 2021 Year-Over-Year

By
Real Estate Agent with Coldwell Banker Realty

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

 

The Indian Land, South Carolina (29707 zip code) housing market remained a seller's market in August with just 0.9 months supply of inventory overall, down 40.0% from 1.5 months in August 2020 and down from 3.6 months in August 2019. 

 

Housing inventory was down 47.8% in August year-over-year, while new listings decreased 27.1% year-over-year. New construction inventory, long a staple of Indian Land housing, was down 67.5% year-over-year. 

 

Both average and median sale prices increased in August 2021 to $508,905 and $477,500, respectively. Average home sale prices increased 45.4% year-over-year. Median sale prices increased 43.8% year-over-year.  Average home sale prices increased approximately $158,000 since August 2019. Median home sale prices increased by approximately $133,000 since August 2019.

 

Lack of inventory continues to drive home prices up. One indicator of how much demand there is for Indian Land homes versus supply is the number of showings per listed home. In August 2021 listed homes had 10.5 showings on average. This was an increase of 20.7% from 8.7 showings in August 2020, as well as an increase from 5.7 showings per listed home in August 2019.

 

Closed sales decreased in August by 23.2% year-over-year. Pending sales decreased 25.7% versus August 2020. It was just a matter of time before the extreme lack of inventory impacted closed and pending sales in Indian Land. You can't sell what you don't have to sell!

 

Average days on market were 72.5% lower at 11 days (down 29 days year-over-year).  Median days on market were 75% lower at 3 days (down 9 days year-over-year and down 17 days versus August 2019). 

 

With home sellers receiving a median 102.9% of asking price in sale price (up 2.9% year-over-year), the negotiating opportunity for home buyers in Indian Land was negligible in August 2021.

 

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

Contact Nina Hollander if you're curious about the Charlotte real estate market

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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

August 2021 Versus August 2020

Indian Land SC Housing Market Snapshot August 2021

 

9 HOT INDIAN LAND NEIGHBORHOODS 

Hot Indian Land Neighborhoods

   

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

Search Indian Land 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 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 why experience matters and how:

 "The Right Broker Makes All The Difference."

 

 

Read the original blog 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
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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 (18)

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

Here it is, the day we have all been waiting for, the Indian Land report!  I hope that your Sunday will be enjoyable!

Sep 26, 2021 04:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... it's a tad later in the month than I normally do market reports, but it's been a busy month for me. Hope you found it worth waiting for! :)))

Sep 26, 2021 05:06 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Nina,

Wow, you win the prize for biggest price increase.  45%. wow again.  Happy sellers for sure.  Enjoy your Sunday, and be ready for Monday tomorrow.  Thanks again for the post.  Bill Salvatore

Sep 26, 2021 05:13 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. 45.5% is absoluely ridiculous and awesome all at the same time. Enjoy your day.

Sep 26, 2021 05:19 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nina, Very nice increase from last year for Indian Land Real Estate.  Sellers will be glad to read this and I am hoping that some who do will call you to get their homes sold too.

Sep 26, 2021 05:40 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 remains a strong Seller's market with inventory so low and homes going pending QUICK!

Sep 26, 2021 07:03 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Wow, that is a crazy increase. I think your state is benefiting from the move from the ultra high tax states just like mine is.

Sep 26, 2021 07:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog hi Bill... you better believe I looked at that number three times when I first saw it!

Sep 26, 2021 07:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... ridiculous and awesome is a good way to put it. I suspect quite a few new construction projects closed in August ( and I closed two at over $550K) which really moved the needle.

Sep 26, 2021 07:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... the problem is that much of this price increase is due to new construction homes and those homeowners are not quite ready to sell for some years yet.

Sep 26, 2021 07:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... and what's crazy is that we have areas where homes are selling even more quickly!

Sep 26, 2021 07:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... both North and South Carolina have been in the top 10 destination states for well over a decade now. That certainly drives demand like crazy.

Sep 26, 2021 07:55 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another wonderful report on Indian Land, South Carolina.  Wishing you a wonderful day.  A

Sep 26, 2021 08:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... wishing you a lovely day, as well. Mine is going on being almost half finished already!

Sep 26, 2021 09:10 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Sep 26, 2021 11:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks much, Roy, for popping by today. Trust you and Dolores are enjoying a lovely Sunday.

Sep 26, 2021 12:35 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!

Sep 26, 2021 08:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Myrl... thanks for stopping by. Wishing you a wonderful new week ahead.

Sep 27, 2021 03:58 AM