February 2025 Indian Land, SC Housing Market Report:
Prices, Sales, Inventory Trends
Indian Land's real estate market in February 2025 saw new listings rise for the second consecutive month following four months of declines. With 5.11 months of inventory, the market remained balanced between buyers and sellers.
Despite the increased inventory, the list-to-sale price ratio remained strong at 99.19%, up 1% from both the previous month and year, leaving minimal room for price negotiations.
The average days on the market dropped by 17% month-over-month and 14% year-over-year.
The average home sale price increased from both last month and last year, though the median sale price declined. However, with home prices in Indian Land ranging from the mid-$100,000s to over $1.2 million in February, this decline likely reflects the mix of homes sold rather than a decrease in home values in the 29707 zip code area.
The number of properties sold fell for the fourth consecutive month but remained steady compared to February 2024 and 2023.
Indian Land Real Estate February 2025
Housing Market Trends Snapshot
NEW LISTINGS IN INDIAN LAND UP
New listings in February 2025 increased to 80, up 19.4% from 67 in the previous month of January. Compared with February 2024, new listings were 1.27% higher versus 79 listings. Compared with February 2023 new listings (53 listings) in February 2025 were also higher.
Indian Land housing inventory increased 3.73% month-over-month to 250 properties for sale from 241 one month ago. Compared with February 2024, the number of properties for sale increased 28.87% from 194. Compared with February 2023, inventory was up from 186 properties for sale.
The months supply of inventory of 5.11 months, up from 4.55 months in the prior month, was at its highest compared with February 2024 and 2023. Nonetheless, at 5.11 months supply of inventory, Indian Land remained a balanced market between buyers and sellers.
INDIAN LAND HOME SALE PRICES
Average home sale price in February 2025 was $565,902, flat compared with the previous month of January. Average sale price was 2.71% higher than $550,974 in February one year ago.
Median home sale price in February 2025 was $500,000, down 9.83% from $554,482 in the previous month of January. Median sale price was was 2.91% lower than the $515,000 in February one year ago. With Indian Land home prices ranging from the mid $100,000's to over $1.2 million in February, the decline in median home sale price likely is the result of the price mix of homes sold and not due to a decline in home values in the 29707 zip code.
Price per square foot for Indian Land homes in February 2025 was $221, down 3.49% from $229 in the previous month of January. Year-over-year, the February 2025 price per square foot was was 1.38% higher than in February 2024 when it was $218 per square foot.
INDIAN LAND REAL ESTATE MEDIAN HOME PRICE TRENDS
(12 Month Rolling Average)
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This Charlotte, North Carolina real estate update for Indian Land, South Carolina is provided by Nina Hollander with Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Indian Land specialist. I've been opening doors for Indian Land home buyers and sellers since 1999.
If you're considering selling or purchasing a home in Indian Land or anywhere in 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:
PREVIOUS INDIAN LAND REAL ESTATE UPDATES
Indian Land Real Estate Report: January 2025
Read the original post about the Indian Land Housing Market in February 2025 at www.GreatHomesInCharlotte.com
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