Indian Trail Had Just 2.29 Months Of Housing Inventory In August 2023

Real Estate Agent with Coldwell Banker Realty 179530

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

What you need to know...

What it means for you...


2.29 Months Of Inventory In August Kept Indian Trail A Home Seller's Market

Key take-aways about the Indian Trail area (28079 zip code) housing market in August 2023, which includes the towns of Indian Trail, Stallings, and Hemby Bridge in Union County, include:

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

  • New listings declined from almost 32.99% compared with August one year ago. New listings declined slightly from July 2023.

  • Housing inventory declined year-over-year and was up slightly month-over-month. Months supply of inventory at 2.29 months kept Indian Trail in "seller territory" in August 2023.

  • Days on market increased by 3 days to 27 over July. This was the first increase in days on market after six consecutive months of decline.

  • Closed sales increased in August both year-over-year and month-over-month despite the decline in inventory. 

  • List to sale price ratio remained flat 99.53% compared with one month ago and one year ago. Not much negotiating room for Indian Trail home buyers.

 Indian Trail Area Housing Market Highlights: August 2023

Indian Trail, NC Housing Market Snapshot August 2023



Average home sale price in Indian Trail at $456,929 increased 4.86% from $435,767 in the previous month of July. The average sale price was 4.49% lower than the $437,280 in August 2022.  The August 2023 average sale price was at its highest level compared with August 2022 and August 2021. It was also at its highest level since September 2020.


Median home sale price increased 12.03% to $445,300 in August 2023 from $397,500 in July 2023. Compared with August 2022, median sale price increased 11.32% from $400,000. The median sale price was at its highest level compared with August 2022 and August 2021.


Price per square foot averaged $204 in August 2023, down 1.92% from $208 in the previous month of July. Price per square foot was 2.39% lower than $209 in August 2022. July's price per square foot was the highest since August 2020, so it's not a total surprise that this price dropped a bit in August.



The number of properties for sale in August 2023 was up 2.87% with 179 compared with both July which had 174 properties for sale. Inventory was 24.15% lower than in August 2022 when inventory stood at 236 homes. With the months supply of homes at 2.29, home sellers were in the "driver's seat" in August.



New listings declined 1.52% in July 2023 to 65 from 66 listings in August 2023. New listings were 32.99% lower than the 97 new listings we saw one year ago in August 2022. August 2023 new listings were at their lowest compared to August 2022 (97 new listings) and August 2021 (120 new listings).



Sales in August 2023 increased 16.42% to 78 compared with 67 sales in the previous month of July 2023. Sales were 16.42 % higher than in August 2022 which had 67 sales. The July 2023 sales were at mid-level compared with August 2022 (67 sales) and August 2021 (80 sales).  



Average days on market increased three days to 27 days in August compared with July 2023. Compared with August 2022, days on market increased eight days from 19 days. The August 2023 days on market were at their highest level compared with August 2022 (19 days) and August 2021 (8 days). 



The list to sale price ratio in August 2023 was 99.53%, essentially equal to the previous month of July and to August 2022.


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   

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Call me today at 704-779-0813 or contact me here.

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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:



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?




Charlotte area home listings delivered directly to your email for free


FREE Home Buyer Guide: “Things To Consider When Buying A Home”



What's My Indian Trail Area Home Worth? 

FREE Home Seller Guide: “Things To Consider When Selling Your House”


 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 with Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Indian Trail specialist. I'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."



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 Nina Hollander, RE/MAX Broker, Realtor




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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 (10)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nina Hollander, Broker  This is a beautiful market report on Indian Trail  Both buyers and sellers would be wise to call you when looking to make a move 

Sep 26, 2023 10:33 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

2.5 months seems high for Charlotte.  I would have thought a faster turn.  Rates slowing things down? Have a super fantastic week!

Bill Salvatore, Realtor- Arizona Elite Properties


Sep 26, 2023 12:34 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hannah Williams thanks, Hannah, so much for that lovely comment. It was good "seeing" you today. 

Sep 26, 2023 02:07 PM
Hannah Williams

Nina Hollander, Broker Always nice to see you also 

Sep 27, 2023 04:26 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - East Valley hi Bill... Indian Trail is just one part of the Charlotte region, which encompasses two states and 16 counties.

Sep 26, 2023 02:09 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- I can see why inventory is low in Indian Trail. From your posts about it, I have always felt like it was a good place to call home. 

Sep 26, 2023 06:24 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow 27 days is a fast market, I guess like I keep saying we are six months ahead of the rest of the country , Endre

Sep 26, 2023 10:19 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Things appear to be going well in Indian Trail and you provide all of the information that buyers and sellers would need to make an informed decision of their own.

Sep 27, 2023 04:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib good morning, Kathy... Indian Trail is positioned for a quick commute to Charlotte and it's always been affordable, although less affordable these days.

Sep 27, 2023 04:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... we are so short of inventory versus the demand that until we get significantly more inventory on the books, homes will continue to sell quickly.

Sep 27, 2023 04:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning and thanks, Brian. No reason to spend time on doing market reports if the "average" person can't glean something from them to make a good decision about buying or selling.

Sep 27, 2023 04:45 AM