Indian Land, SC Average Home Prices Up 30.6% Y-O-Y In December 2021

By
Real Estate Agent with Coldwell Banker Realty

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

 Indian Land Housing Market Highlights

December 2021 Versus December 2020

Indian Land, SC Real Estate Report For December 2021

 

The Indian Land, South Carolina (29707 zip code) housing market remained a seller's market in December with just 0.7 months supply of inventory overall, down 30% from 1.0 months in December 2020 and down from 2.6 months in December 2019.

 

Housing inventory was down 44.9% in December year-over-year, while new listings decreased 21.4% year-over-year. New construction inventory, long a staple of Indian Land housing, was down 66.7% year-over-year.

 

Both average and median sale prices increased in December 2021 to $476,270 $450,580 and $50,587 $445,000, respectively. Average home sale prices increased 30.6% year-over-year. Average home prices increase some $26,000 month-over-month. Average home prices in Indian Land in December 2021 were about $131,000 higher than two years ago in December 2019. Median sale prices increased 26% year-over-year.  Median home prices in Indian Land in December 2021 were about $105,000 higher than two years ago in December 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 December 2021 listed homes had 12.8 showings on average. This was an increase of 88.2% from 6.8 showings in December 2020, as well as an increase from 5 showings per listed home in December 2019. It's very much a case of more buyers "chasing" fewer listings.

 

Closed sales decreased in November by 2.1% year-over-year. Pending sales decreased 35.6% versus December 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!

 

Price per square foot for Indian Land homes increased 24.5% to $188/square foot from $151/square foot. This is the second highest price per square foot in Indian Land's history.

 

Average days on market were 68.4% lower at 12 days (down 26 days year-over-year and down 64 days from December 2019).  Median days on market were 66.7% lower at 3 days (down 6 days year-over-year and down 43 days versus December 2019). 

 

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 December 2021.

 

 MORE INFORMATION ON THE INDIAN LAND, SC HOUSING MARKET'S PERFORMANCE 

 

  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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9 HOT INDIAN LAND NEIGHBORHOODS 

Hot Indian Land Neighborhoods

   

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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? 

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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 Greater Charlotte 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 Greater Charlotte 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
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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)

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

Hello Nina,  Had a hard time finding you this morning but I did and thanks for the great information to share with us here in the Rain.  

 

Jan 17, 2022 10:24 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another atmospheric rise in value, and you describe it so well.  We just got back from Quincy's wellness vet visit.  She was so delighted he is in such good health in every which way, and we are t0o. They can't get over how friendly he is and good natured...A testament to his parents, she said modestly!  LOL A

Jan 17, 2022 10:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm hi Will... I think those robo-posters are back today and it's hard to get past them and find whom you are looking for.

Jan 17, 2022 11:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... glad to hear all is well with Quincy. Mr. Marlow was in for his annual check-up last Thursday... it's a real struggle to get him into his carrier... but once he's in the vet's office, he's fine.

Jan 17, 2022 11:33 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, amazing to see 30% increase in DECEMBER.   We had 19%, which I thought was high.

Jan 17, 2022 12:41 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... it all comes back to not enough listings... and they haven't increased in the first couple of weeks of January.

Jan 17, 2022 02:48 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina this post all you need to do is change the names to protect the guilty and it could be any market:)Endre

Jan 17, 2022 10:27 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... just unbelievable what is happening with inventory in not just Charlotte region, but all around the country.

Jan 18, 2022 02:49 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It's always nice to see Indian Land doing so well, it's a community that will always have a special place in my heart even though I don't know why, haha.

Jan 18, 2022 04:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... why don't you come out to visit and I'll take you over to Indian Land... and you might just figure it out! :)

Jan 18, 2022 04:09 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Tuesday morning, Nina.

Have a great day and a very productive week.

Jan 18, 2022 05:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks much, Roy... wishing you the same... hopefully we won't be seeing more snow or ice for a while.

Jan 18, 2022 06:26 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.

Jan 22, 2022 09:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thanks, Myrl... everyone is a bit gob-smacked by the Indian Land market... not that long ago it's where we took our "budget" buyers.

Jan 22, 2022 12:37 PM