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Indian Trail Housing Market Update: February 2023. What To Know Now

By
Real Estate Agent with Coldwell Banker Realty 179530

Latest news on the Indian Trail real estate market in February 2023...

What you need to know...

What it means for you...

 

Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, continued to show signs of a shifting market in February 2023. Key take-aways about the February 2023 housing market included:

  • Both average and median home prices increased month-over-month and year-over-year.

  • New listings increased month-over-month, but decreased year-over-year.

  • Despite an increase in housing inventory, the number of homes for sale in February 2023 was at its lowest level since June 2022.

  • Days on market decreased from January 2023, but increased year-over-year.

 

 Indian Trail Area Housing Market Highlights

Indian Trail, NC (28079 Zip Code) Housing Market Highlights February 2023

INDIAN TRAIL HOME SALE PRICES INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH

Average home prices in Indian Trail increased 2.94% to $463,643 from $450,400 in January 2023. Compared with February 2022, home prices in Indian Trail increased 6.3% from $436,234. The February 2023 average sale price was at its highest level compared with February 2022 and February 2021.

 

Median home prices  increased to $445,000 in February 2023 by 4.7% from $425,185 in January 2023. The median home price also increased 9.74% year-over-year from $405,500 in February 2022. The median sale price in February was the highest compared with February 2022 and February 2021.

 

Price per square foot averaged $193 in February, equal to the previous month and 1.6% higher than the $190 per square foot in February 2022.

 

INDIAN TRAIL HOUSING INVENTORY DECREASED MONTH-OVER-MONTH BUT HIGHER YEAR-OVER-YEAR | NEW LISTINGS DOWN

The number of properties for sale in February 2023 was 182, down 3.2% from January 2023 and 50.4% higher than the 121 properties for sale one year ago in February 2022. The number of properties for sale in February 2023 was at its highest level compared with February 2022 and February 2021. Inventory of homes for sale at its lowest since June 2022.

 

New listings increased 43.6% in February 2023 to 56 from 39 listings in January 2023. New listings were 26.3% lower than the 76 listings we saw one year ago in February 2022. February's new listings were at their lowest compared to February 2022 (76 listings) and February 2021 (61 listings).

 

INDIAN TRAIL SALES DOWN YEAR-OVER-YEAR | UP MONTH-OVER-MONTH

Sales in February 2023 increased 21.6% to 45 compared with the previous month of January 2023. Sales were 16.7% lower than in February 2022 which had 54 sales. The February 2023 sales were at their lowest level compared with February 2022 (54 sales) and February 2021 (48 sales). 

 

DAYS ON MARKET UP YEAR-OVER-YEAR | DOWN MONTH-OVER-MONTH

Average days on market decreased 10 days to 43 days in February compared with January 2023. Compared with February 2022, days on market increased 104.8% from 21 days. The February 2023 days on market were at their highest level compared with February 2022 (21 days) and February 2021 (20 days).

 

LIST TO SALE PRICE RATIO 

The list to sale price ratio in February 2023 was 97.8%, equal to January 2023.  However, the list to sale price ratio in February 2023 was 4.08% lower than what we saw in February one year ago when it was 101.9%.

 

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. 

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 MORE DETAILS ABOUT INDIAN TRAIL'S HOUSING MARKET PERFORMANCE

 

MORE DETAILS ABOUT STALLING'S HOUSING MARKET PERFORMANCE

 

Did You Know...

Indian Trail has been rated the #5 best place to live in Union County, NC?

Indian Trail has been rated in the top 25 best North Carolina suburbs in which to buy a home?

Indian Trail has been ranked in the top 20% of top North Carolina suburbs?

Indian Trail was named by Family Circle Magazine as one of the 10 Best Places In America to Raise A Family?

... so why not CHECK OUT THE:

 

10 HOTTEST SELLING INDIAN TRAIL NEIGHBORHOODS 

Hot Indian Trail, NC Neighborhoods  

 

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?

 

SEARCH INDIAN TRAIL  HOMES  FOR  SALE

 

Charlotte area home listings delivered directly to your email for free

 

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, 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:

 "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
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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.

 

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nina, Although the numbers are not the same from the previous February, Indian Trail housing market is still going strong with it's list to sale price ratio compared to many other areas.

Mar 13, 2023 06:15 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, although days on market are creeping up, Indian Trail's market doesn't look too shabby.

Mar 13, 2023 06:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila... Indian Trail could be doing a whole lot worse when you look at sales in other parts of the country.

Mar 13, 2023 06:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Indian Trail is holding its own. Things could be a whole lot worse. And meantime, home prices continue to increase.

Mar 13, 2023 06:29 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Good Morning, Nina Hollander, Broker. Very interesting that Indian Trails is beginning to show signs of a changing market. Prices of homes definitely higher in your area than here in South Texas. Have a Blessed Day!

Mar 13, 2023 06:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jerry Newman hi Jerry.... we all knew that what we were experiencing in 2021 and 2022 couldn't last forever!

Mar 13, 2023 06:41 AM
Patricia Feager, ABR,CRS,GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hello Nina Hollander, Broker 

Prospective buyers and sellers never have to wonder how is the market in your area because they can always count on you to post what they want to know. 

 

Mar 13, 2023 08:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP like clockwork... my posts come out each month... here and on my website!

Mar 13, 2023 08:23 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina,

Another great market report for Indian Trail. As long as inventory continues to drop t sales should show upward pressure on pricing.  With you as their realtor, buyers will understand this because you provide great stats for them.

Mar 13, 2023 09:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® thanks, Sheri... the continued declines in new inventory all over our region will definitely put pressure on home prices going forward.

Mar 13, 2023 09:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and always great to see what your blogs will be and Indian Hills figures are interesting that you share with us.

 

Mar 13, 2023 09:35 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Nina- what I love about your market reports, from a non-agent like myself, is that you don't just give us stats but you suggest what it means. 

Mar 13, 2023 10:18 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Have a productive week.

Mar 13, 2023 10:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, and thanks for popping by. Trust your week is off to a good start.

Mar 13, 2023 11:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib thanks, Kathy. It's a mistake for agents to think that the public understands the nuances of the market the way we do.

Mar 13, 2023 11:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Roy, for popping by this Monday afternoon. Trust you've had a good weekend and are looking forward to a good week ahead.

Mar 13, 2023 11:08 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina the biggest problem I see is the Headlines.... today one of my buyers was thrilled to get a call from his lender that interest rates dropped .25 % for him despite the two bank drama headlines.... Endre

Mar 13, 2023 09:45 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... every time I speak with a client (present, past or future), I remind them to ignore media headlines and ask them just to call me if they have questions.

Mar 14, 2023 04:25 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Mar 14, 2023 05:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl. Thanks for popping by. Trust you've been having a good week thus far.

Mar 15, 2023 04:28 AM