Is Indian Land, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Land is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Indian Land has remained a Seller's Market.

Key Takeaway

Indian Land is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Indian Land, SC

How much do homes in Indian Land, SC cost?

Median Sold Price

$513,707

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,707(+2.7%)

Key Takeaway

Homes in Indian Land have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Indian Land was $513,707 in September 2024, up 2.7% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $419K$395K
-5.7%
3 $426.1K$450K
+5.6%
4 $541.6K$580K
+7.1%
5+ $684.4K$747.1K
+9.2%

Summary: Indian Land housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Neighborhoods

Dogwood Acres
+25.2%
Bridge Mill
+20.3%
Indian Land
+2.7%

Housing Supply in Indian Land, SC

How many homes are available in Indian Land, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
226224-0.9%

Summary: The Indian Land real estate market had 224 homes for sale in September 2024, a 0.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 4147
+14.6%
3 9189
-2.2%
4 6253
-14.5%
5+ 3235
+9.4%

Summary: The Indian Land housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6247-24.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Land, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Indian Land in September 2024, down by 24.2% month-over-month. Of the 47 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for Indian Land, SC

How long does it take to sell a home in Indian Land, SC?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days26 Days+23.9%

Summary: Homes in Indian Land had an average of 26 days on market in Sep 2024, up by 23.9% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Indian Land are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 47 homes were sold in Indian Land; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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