Latest news on the Indian Trail real estate market in April 2023...
What you need to know...
What it means for you...
Key take-aways about the Indian Trail area (28079 zip code) housing market, which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, include:
- Both average and median home prices increased month-over-month and year-over-year.
- New listings declined 44+% from April 2022. New listings also declined from March 2023.
- Housing inventory was at its lowest level since April 2022, despite an 11.72% increase year-over-year.
- Days on market declined by 14 days in April 2023 compared with the prior month of March.
- Closed sales increased 26.32% over March 2023 and 1.41% year-over-year.
- List to sale price ratio just under 100% in April 2023.
Indian Trail Area Housing Market Highlights: April 2023
INDIAN TRAIL HOME SALE PRICES INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH
Average home price in Indian Trail increased 6.5% to $455,172 from $427,400 in March 2023. Compared with April 2022, average home price in Indian Trail improved 3.86% from $438,244. Average home price was also higher compared with April 2021.
Median home price increased 11.31% to $445,242 in April 2023 from $400,000 in March 2023. The median home price also improved 2.35% year-over-year from $435,000 in April 2022. The median sale price was also higher compared with April 2021.
Price per square foot averaged $199 in April, increasing 1.53% from $196 per square foot in March 2023 and equal to the price per square foot one year ago in April 2022.
INDIAN TRAIL HOUSING INVENTORY AT ITS LOWEST LEVEL SINCE APRIL 2022
The number of properties for sale in March 2023 was 162, down 2.41% from March 2023 and 11.72% higher than the 145 properties for sale one year ago in April 2022. The number of properties for sale in April 2023 was at its highest level compared with April 2022 and April 2021. However, inventory of homes for sale was at its lowest since April 2022.
NEW LISTINGS DOWN 44.34% FROM ONE YEAR AGO
New listings declined 14.49% in April 2023 to 59 from 69 listings in March 2023. New listings were 44.34% lower than the 106 listings we saw one year ago in April 2022. April 2023 new listings were at their lowest compared to April 2022 (106 listings) and April 2021 (78 listings).
INDIAN TRAIL SALES INCREASED MONTH-OVER-MONTH & YEAR-OVER-YEAR
Sales in April 2023 increased 26.32% to 72 compared with 57 sales in the previous month of March 2023. Sales were 1.41% higher than in April 2022 which had 71 sales. The April 2023 sales closely tracked sales in April 2022 (71 sales) and April 2021 (73 sales). April 2023 sales were at their highest level since October 2022.
DAYS ON MARKET DOWN MONTH-OVER-MONTH
Average days on market declined 14 days to 54 days in April compared with March 2023. Compared with April 2022, days on market increased 45 days from 9 days. The April 2023 days on market were at their highest level compared with April 2022 (9 days) and April 2021 (11 days).
LIST TO SALE PRICE RATIO JUST UNDER 100%
The list to sale price ratio in April 2023 was 99.19%, up 1.25% from 97.94% in March 2023. However, the list to sale price ratio in April 2023 was 4.64% lower than what we saw in April one year ago when it was 103.83%.
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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
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, Greater Charlotte area residential real estate expert and Indian Trail specialist. We've been opening doors for Indian Trail area home buyers and sellers for 24+ 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
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