Is Indian Trail, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Indian Trail has remained a Seller's Market.
Key Takeaway
Indian Trail is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Trail, NC
How much do homes in Indian Trail, NC cost?
Median Sold Price
$426,657
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indian Trail have sold for 2% more than they did a year ago.
Summary: The median home sold price in Indian Trail was $426,657 in May 2024, up 2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420.2K | $120K | -71.4% |
| 2 Bedrooms | $292.5K | $301.5K | +3.1% |
| 3 Bedrooms | $355K | $374.7K | +5.5% |
| 4 Bedrooms | $445.4K | $455K | +2.1% |
| 5+ Bedrooms | $565.2K | $572.9K | +1.4% |
Summary: Indian Trail housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Indian Trail | $418.2K | $426.6K | +2.0% |
| Lake Park | $380K | $387.5K | +2.0% |
| Vance Township | $423.7K | $426.4K | +0.6% |
| Stallings | $426.4K | $422.5K | -0.9% |
Housing Supply in Indian Trail, NC
How many homes are available in Indian Trail, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 194 | 212 | +9.3% |
Summary: The Indian Trail real estate market had 212 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 84 | 98 | +16.7% |
| 4 Bedrooms | 69 | 83 | +20.3% |
| 5+ Bedrooms | 30 | 24 | -20.0% |
Summary: The Indian Trail housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 49 | -27.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Trail, you may be able to get a good deal. 40.8% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Indian Trail in May 2024, down by 27.9% month-over-month. Of the 49 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for Indian Trail, NC
How long does it take to sell a home in Indian Trail, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 12 Days | -68.2% |
Summary: Homes in Indian Trail had an average of 12 days on market in May 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian Trail are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 49 homes were sold in Indian Trail; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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