Indian Trail, NC Home Prices Up 34.6% Year-Over-Year In October 2021

By
Real Estate Agent with Coldwell Banker Realty

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

 

Indian Trail area (28079 zip code) in the Charlotte region, which includes the towns of Indian Trail, Stallings, and Hemby Bridge remained a home seller's market in October 2021. In fact, it's been six years since Indian Trail could be considered a balanced market. Home prices increased by double digits over October 2020. Pending sales also increased year-over-year. Meantime, days on market and inventory dropped year-over-year, despite a small increase in new listings in October.

 

Average home prices increased 34.6% to $410,765 in October 2021 compared with the same month one year ago. Average home prices also increased month-over-month by almost $45,000.  Median home prices increased 29.7% to $389,00 year-over-year  Price per square foot averaged $178 (up $38/square foot), increasing 27.1% year-over-year.

 

The months supply of homes for sale dropped to 0.8 months (down 42.9% from 1.4 months in October 2020 and down from 2.4 months in October 2019). The months supply of inventory was also 0.1 months lower than in September 2021. Despite a 4.1% increase in new listings, inventory of homes dropped 35.6% year-over-year. Homes sold about as fast as they came on the market.

 

Closed sales in October 2021 decreased 15.7% year-over-year, while pending sales increased 15.9%. Lack of inventory and minimal new listings no doubt had a negative impact on closed sales.

 

Average days on market were 25 (down 2 days year-over-year).  Median days on market were just 3 in October (flat year-over-year and down 17 days from October 2019). During September, homes listed for sale had 12.4 showing on average, an increase of 13.8% from 10.9 showings over October 2020 and 6 showings in October 2019. All this speaks to pent-up buyer demand for Indian Trail homes.

 

At a median selling price of 101.2% of list price (up 1.2% from October 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

October 2021 versus October 2020

Indian Trail, NC Real Estate Report October 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 (28)

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

Grant Schneider hi Grant... totally amazing, crazy, insane... price increases like that on a year-over-year basis.

Nov 27, 2021 07:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... insane is the right word for price increases like this! 

Nov 27, 2021 07:46 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Nov 27, 2021 08:05 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

You do such a great job promoting Charlotte and the environs!  I am not surprised that folks are clamoring to move there. A

Nov 27, 2021 08:54 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It really seems that Indian Trail North Carolina is riding the wave and by the way,  you are the best Agent to make dreams come true Nina 🙂

Nov 27, 2021 10:02 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

That is incredible.   home owner can sit and with that rate of appreciation in 2 more years have doubled the value of the home.  Hard pressed to not want to sell it if gets to that number

Nov 27, 2021 10:10 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander, Broker - It is so incredible to see the appreciation in Indian Trail. Your reports are very thorough offering buyers and sellers a well-rounded picture.

Nov 27, 2021 10:24 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina it is amazing how home prices are continuing to increase in your area.

Nov 27, 2021 01:11 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The numbers are still strong and we can always count on a great report for Indian Trail.

Nov 28, 2021 04:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley good morning, Roy... thanks for popping by... wishing you and the Chef a marvelous Sunday.

Nov 28, 2021 06:02 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... I never thought it was I who got people interested in moving here... I just report on the things that keep people moving here in droves. Happy Sunday!

Nov 28, 2021 06:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS thanks, Paul, for that lovely comment. Hoping to make some dreams come true for relocating buyers in about two weeks.

Nov 28, 2021 06:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva you'll get no argument from me on that, Ed. I've had a number of clients who purchased homes with me in the past two to three years who've sold them this year to cash in on the growth in equity. 

Nov 28, 2021 06:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® thanks, Sheri.  I've always felt that market reports just reporting on numbers without any backdrop of information are probably very boring and not very useful. People need to know what it all means for them.

Nov 28, 2021 06:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George... with the exception of just a handful of areas, price increases here have all been in double digits in October. Will be watching November figures carefully.

Nov 28, 2021 06:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning and thank you, Brian. The numbers should stay strong so long as we don't have enough inventory to satisfy demand.

Nov 28, 2021 06:08 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I am now reading a book recommended by Dolores and I think you would like it.

The Paris Library by Janet Skeslien Charles.

Nov 28, 2021 09:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks for the recommendation, Roy... going off to check out The Paris Library as soon as I've finished this comment.

Nov 28, 2021 12:36 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 03, 2021 01:54 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Saturday morning, Myrl... thanks for stopping by... wishing you a lovely Saturday.

Dec 04, 2021 04:21 AM