Indian Trail (28079 Zip Code) Home Prices Up 30.9% In December 2021

By
Real Estate Agent with Coldwell Banker Realty

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

 

 Indian Trail Area Housing Market Highlights

December 2021 vs December 2020

Indian Trail, NC (28079 Zip Code) Housing Market Snapshot For December 2021

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in December 2021. In fact, it's been six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Home prices increased 30.9% year-over-year and Indian Trail saw the highest average home prices in its history in December. Pending sales also increased year-over-year. Inventory dropped year-over-year, despite an increase in new listings in December.

 

Average home prices increased 30.9% to $445,672 in December 2021 compared with the same month one year ago. Average home prices also increased month-over-month by some $35,000. Compared with December 2019, average home prices were about $138,000 higher in December 2021.  Median home prices increased 36.8% to $425,000 year-over-year. Month-over-month, home median home prices increased about $13,000. Compared with December 2019, median home prices were about $116,000 in December 2021. Both average and median home sale prices rose to their highest levels ever in December 2021.

 

Price per square foot averaged $181 (up $36/square foot), increasing 24.8% year-over-year. 

 

The months supply of homes for sale dropped to 0.6 months (down 40% from 1.0 months in December 2020 and down from 2.2 months in December 2019). The months supply of inventory was also 0.1 months lower than in November 2021. Despite a 16.7% increase in new listings, inventory of homes dropped 33.3% year-over-year. Homes sold about as fast as they came on the market.

 

Closed sales in December 2021 decreased 17.9% year-over-year, while pending sales increased 32.6%. Lack of inventory no doubt had a negative impact on closed sales.

 

Average days on market were 31, up 6 days year-over-year.  Median days on market were just 4 in November (down from 5 days in December 2020 and down from 17 days in December 2019). During December 2021, homes listed for sale had 12.2 showings on average, an increase of 45.2% from 8.4 showings in December 2020 and 6.4 showings in December 2019. All this speaks to pent-up buyer demand for Indian Trail homes.

 

At a median selling price of 102.4% of list price (up 2.4% from December 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?

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 MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE

   

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?

 

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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? 

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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
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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 (20)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and good deal getting this information out here in the Rain and also to the public.

 

Jan 15, 2022 12:07 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thank you, Will, for stopping by today.... trust your weekend has gotten off to a great start.

Jan 15, 2022 12:59 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- your market continues to amaze me!!!  Thank goodness that buyers and sellers can turn to you for the latest information.

Jan 15, 2022 04:14 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Nice report on Indian Trail, North Carolina, and the increase is real big.  Happy Saturday.  A

Jan 15, 2022 04:43 PM
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 update for Indian Trail, and wow - Sellers are still seeing over 100% to list.

Jan 15, 2022 04:56 PM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Ha! Indian Trail home prices went up more in your area than my Elk Grove area.  Still, anytime you hit 30%, homeowners and home sellers just have to be happy.  Thank you for the market update!

Jan 15, 2022 06:18 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am sure that those who bought before prices began to increase are very satisfied with their purchase.

Jan 16, 2022 04:32 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - that is one whopping increase.  Wonder where it ends.

Jan 16, 2022 05:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... it's like a double whammy... crazy high prices and no inventory even if you're willing to pay the premium.

Jan 16, 2022 05:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel good morning, Alexandra... it will be interesting to see how this all plays out in the coming months.

Jan 16, 2022 05:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox good morning, Joan... there's just no inventory to speak of. Buyers are ready to pay up.

Jan 16, 2022 05:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Raymond Henson, eXp Realty good morning,  Ray... the appeal of Indian Trail is that it's always been "affordable." With these kinds of price increases it will start getting hard to define it as affordable.

Jan 16, 2022 05:46 AM
Ray Henson

I need to do one more 1031 exchange to get my last property out of CA.  It is so hard to figure out where to purchase the replacement property since values have gone up so much seemingly everywhere. 

Jan 16, 2022 07:35 AM
Nina Hollander, Broker

Raymond Henson, eXp Realty hi Ray... I suppose on some level that's a good "problem" to have.

Jan 22, 2022 12:39 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... we have a ton of very happy homeowners... and they are so happy they aren't listing! :(

Jan 16, 2022 05:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant... we can only hope that the number of listings will start to increase in 2022 to relieve the pressure of these price increases.

Jan 16, 2022 05:48 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Wow, 30+% increase in prices! That's quite the jump.

 

Jan 16, 2022 06:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kat Palmiotti good morning, Kat... you have to believe that this kind of appreciation has to level off at some point... then again, I seem to say that month after month and prices keep going up.

Jan 16, 2022 06:34 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Again, with another almost 31% increase in values within a year's span.  If it continues the house prices are doubled in slightly more than 3 years

Jan 16, 2022 09:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva you got that right, Ed! Affordable areas of the Charlotte region are gradually becoming less so.

Jan 16, 2022 09:44 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 22, 2022 09:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... thanks for popping by. Trust you are having a wonderful weekend... it's been cold and snowy at my end.

Jan 22, 2022 12:40 PM