Indian Land, SC Home Prices Up 22.5% In October 2021 Year-Over-Year

By
Real Estate Agent with Coldwell Banker Realty

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

 

The Indian Land, South Carolina (29707 zip code) housing market remained a seller's market in October with just 0.8 months supply of inventory overall, down 46.7% from 1.5 months in October 2020 and down from 3.0 months in October 2019. The months supply of inventory was also down 0.1 month from September 2021.

 

Housing inventory was down 57.1% in October year-over-year, while new listings decreased 33.3% year-over-year. New construction inventory, long a staple of Indian Land housing, was down 79.7% year-over-year. 

 

Both average and median sale prices increased in October 2021 to $457,931 and $449,000, respectively. Average home sale prices increased 22.5% year-over-year. Median sale prices increased 21.5% year-over-year.  Average and median home sale prices also increased month-over-month.

 

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 October 2021 listed homes had 13.6 showings on average. This was an increase of 51.1% from 9 showings in October 2020, as well as an increase from 5.6 showings per listed home in October 2019. It's more buyers "chasing" fewer listings.

 

Closed sales decreased in September by 31.1% year-over-year. Pending sales decreased 11.0% versus October 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 61.1% lower at 14 days (down 22 days year-over-year and down 29 days from October 2019).  Median days on market were 42.9% lower at 4 days (down 4 days year-over-year and down 13 days versus October 2019). Average days on market were down 5 days month-over-month. Median days on market were down 1 day month-over-month.

 

With home sellers receiving a median 100% of asking price in sale price, the negotiating opportunity for home buyers in Indian Land was negligible in October 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

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

October 2021 Versus October 2020

Indian Land, SC Housing Market Update October 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 (14)

Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Great Blog for you. Great way to sell places. I use to live in Mount Pleasant S.C...years ago...

Nov 28, 2021 05:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler oh wow, Eric... I know Mt Pleasant (although it's not quite my sales area). Such a small world at the end of the day.

Nov 28, 2021 06:09 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - Your thorough, truthful marketing and advertising for your area is very much appreciated by serious buyers and sellers. I wish you continued success. 

Nov 28, 2021 06:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks, Patricia, for the good wishes. At the end of the day, this is what we all need to be doing for our areas... truthful marketing and being positive ambassadors.

Nov 28, 2021 06:47 AM
Patricia Feager, MBA, CRS, GRI,MRP

Nina Hollander, Broker - and that's the truth!


Amen!

Nov 28, 2021 07:39 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I am in agreement with Patricia Feager, MBA, CRS, GRI,MRP , and there is no point my repeating it.  I love when that happens.  A

Nov 28, 2021 07:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... it seems I'm almost always in agreement with what Patricia Feager, MBA, CRS, GRI,MRP  has to say... and she says it well.

Nov 28, 2021 07:53 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Another area that would see double appreciation in value in a very short time. With the low inventory it will continue to escalate at that rate as well.

Nov 28, 2021 10:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva hi Ed... really a bit mind-boggling such increases in the Charlotte region... I remember when everyone would go crazy if we saw 8% appreciation year over year.

Nov 28, 2021 12:35 PM
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Good morning Nina Hollander, Broker This is a great and thorough market report, and if anyone wants to sell, this may be the best time to do it!  The market has been crazy everywhere but 22.5% is a lot!  I love your comments to Ed Silva about it being a bit mind-boggling.  That's exactly what I have been telling people here!  Have a great day and continuing being the best!

Nov 29, 2021 07:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brenda J. Andrew hi Brenda... thanks so much for the lovely comment. We've actually had some areas with year over year price increases of over 30%. Makes you wonder when this will all settle down. Wishing you a stellar new week ahead.

Nov 29, 2021 07:43 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 03, 2021 01:52 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... Indian Land is so in demand... and the lack of inventory is very frustrating to home buyers.

Dec 05, 2021 04:53 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Nina,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

Dec 08, 2021 03:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob Crane good morning, Bob... and thanks so much for popping by. Trust you've been having a terrific week.

Dec 08, 2021 04:36 AM