Indian Trail, NC (28079 Zip Code) Housing Market Update: October 2023

By
Real Estate Agent with Coldwell Banker Realty 179530

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

What you need to know...

 

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

  • Average home price was flat compared with September 2023 and slightly down from October 2022.

  • Median home price increased slightly from September 2023 and was flat compared with October 2022.

  • New listings declined a fourth consecutive month by almost 28% from September and declined almost 40% compared with October 2022. This was the lowest level of listings in Indian Trail since April 2023.

  • Housing inventory declined year-over-year and month-over-month to its lowest level since April 2023. Months supply of inventory at 3.25 months kept Indian Trail in "seller territory" in October 2023.

  • Days on market were flat both month-over-month and year-over-year at 32 days.

  • Closed sales increased from the previous month of September, but were lower compared with October 2022.

  • List to sale price ratio declined to 99.23% from September and was flat compared to October 2022. Not much negotiating room for Indian Trail home buyers.

 Indian Trail Area Housing Market Highlights: October 2023

Indian Trail, NC (28079 zip code) housing market update October 2023

 

 

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   

I can help.

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:

 

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

 

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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”

 

 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 25 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.

 

Comments (10)

Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Nina, for sharing your excellent local community reports. I will post this one on Twitter.

Nov 27, 2023 06:12 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you so much, Roy... maybe that will do the trick of a phone call to me from someone who wants to sell their Indian Trail home.

Nov 27, 2023 06:33 AM
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, It's encouraging to see an increase in closed sales. The increase from the previous month suggests resilience in the market!

Nov 27, 2023 06:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... our market is proving to quite resilient. The Charlotte region saw its first month last month of increased pending sales in 2023.

Nov 27, 2023 06:58 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and great to see what is flat and compare to before.  Hope you are ready for a great week.

 

Nov 27, 2023 09:39 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- Your area is phenomenal!  If listings declined a bit it's because people love the area!!

Nov 27, 2023 10:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... our listings have been on life support for a year now. We thought it was bad during the pandemic... way worse now.

Nov 27, 2023 11:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, for stopping by. Wishing you a good new week ahead.

Nov 27, 2023 11:35 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The Indian Trail report always signifies to me that the Indian Land report is right around the corner, haha.  I saw that you already published it, but I will save it for tomorrow!  That way, I have something to look forward to, right?

Nov 28, 2023 05:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England LOL, Brian! Who am I to deprive you of something to look forward to, especially if it's about Indian Land!

Nov 28, 2023 06:54 AM