Latest news on the Indian Trail real estate market in April 2022...
What you need to know...
What it means for you...
Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, remained a home seller's market in April 2022. It's been more than six years since Indian Trail could be considered a balanced market, much less a home buyer's market. Home prices increased 30.1% year-over-year. Pending sales also increased 32% year-over-year, while closed sales were flat. Inventory dropped year-over-year -- 24.1% lower than one year ago in April.
Indian Trail Area Housing Market Highlights
April 2022 vs April 2021
Average home prices increased 30.1% to $426,370 in April 2022 compared with the same month one year ago. Home prices were almost $123,000 higher in April 2022 compared with April 2020. Median home prices increased 27.5% to $433,580 year-over-year. Month-over-month, median home sale prices also increased and were $148,000 higher in April 2022 than in April 2020. Clearly, Indian Trail homeowners are sitting on a lot of equity.
Price per square foot averaged $202 (up $41/square foot from $161/square foot one year ago), increasing 25.5% year-over-year and setting a new record for price per square foot for Indian Trail homes.
The months supply of homes for sale dropped to 0.7 months (down 30% from one month in April 2021 and down from two months in April 2020). Month-over-month, the months supply of homes was flat. New listings increased 30.1%, but inventory of homes dropped 24.1% year-over-year, nonetheless. Homes sold about as fast as they came on the market.
Closed sales in April 2022 decreased 8.6% year-over-year despite the increase in new listings, while pending sales increased 32%.
Average days on market were 15, up six days year-over-year, but down one day month-over-month. Median days on market were just 3 in April 2022, flat year-over-year and month-over-month.
At a median selling price of 102.2% of list price (up 1% month-over-month), Indian Trail home buyers should expect minimal room to negotiate, especially in Indian Trail's hottest selling communities.
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Did you know that Indian Trail's Porter Ridge Middle School and Union Prep Academy are ranked in the top 20 middle schools in the Charlotte metro area?
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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, Greater Charlotte 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:
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