Lake Wylie Real Estate August 2024
Lake Wylie Real Estate August 2024 Highlights
Lake Wylie real estate August 2024 saw home sale prices increase to their highest levels month-over-month and year-over-year after three consecutive months of declines. The number of properties sold declined a fourth consecutive month to their lowest level in 2024. Days on market declined 18 days from one month ago, but were four days higher compared with August one year ago. New listings declined to their lowest level since December 2023. Inventory levels were lower compared with one month ago and one year ago. The August months supply of inventory increased to 7.9 months from 5.86 months in July 2024, pushing Lake Wylie in to a buyer’s market “territory.” The list to sale price ratio of 98.16% provided home buyers a very small window of opportunity to negotiate on sale price, despite the 7.9 months of inventory.
Lake Wylie Real Estate August 2024 Snapshot
HOME SALE PRICES UP SIGNIFICANTLY
Average sale price in August 2024 was $810,643, up 66.55% from $486,714 in the previous month of July. Year-over-year, the average home sale price was 3.44% lower than in August 2023 when it was $783,686. The average sale price in August 2024 was at its highest level compared with August 2023 and 2022.
Median home sale price in August 2024 was $784,216, up 61.69% from $485,000 in the previous month of July. The median home sale price increased 28.45% from $610,500 in August 2023. The median sale price in August 2024 was at its highest level compared with August 2023 and 2022.
Price per square foot in August 2024 was $235, up 9.81% from $214 one month ago. The price per square foot was 4.44% higher than the $225 in August one year ago.
DAYS ON MARKET DOWN TO THEIR SECOND LOWEST LEVEL IN 2024
Days on market in August 2024 were 33 days, down 35.29% from 51 days one month ago. Year-over-year, average days on market increased 13.79% from 29 days compared with August 2023. Compared with August 2022, days on market was 11 days higher in August 2024.
LAKE WYLIE HOUSING INVENTORY DECLINED
The number of properties for sale in August 2024 was 79, down 7.06% from 85 in the prior month. Inventory was 4.82% lower than the 83 properties for sale in August one year ago. August 2024 inventory was also lower than the 98 properties for sale in August 2022.
The months supply of homes increased to 7.9 months compared with 5.86 months in the previous month of July, pushing Lake Wylie into a home buyer’s market.
NEW LISTINGS DECLINED TO THEIR LOWEST LEVEL SINCE DECEMBER 2023
The number of new listings in August 2024 was 9, down 25% from 12 in the prior month of July. New listings declined 50% compared with August one year ago (18 new listings) and were lower by 18 listings from August two years ago.
LAKE WYLIE SALES DOWN A 4TH CONSECUTIVE MONTH
Sales in August 2024 declined 28.57% to 10 from 14 in the most recent month of July. Sales were 54.55% lower than the 22 in August 2023. Compared with August 2022, sales were lower by 19 sales in August 2024. Sales in August 2024 were at their lowest level in 2024.
LIST TO SALE PRICE RATIO FLAT
The August 2024 selling price of 98.16% of list price was flat compared with one month ago and one year ago. Despite the high months supply of inventory, Lake Wylie home buyers saw just a very small window of opportunity to negotiate on home price in August 2024.
Want to know what this would mean for your family if you decide to buy or sell a Lake Wylie home?
I can help.
Call me today at 704-779-0813 or contact me here.
There’s absolutely NO OBLIGATION.
A consultation with Nina Hollander is FREE.
LAKE WYLIE REAL ESTATE MEDIAN HOME PRICE TRENDS
(12 Month Rolling Average)
DID YOU KNOW…
Lake Wylie has been rated the #1 best place to live in South Carolina?
Lake Wylie has been rated the #12 best place/suburb to raise a family in South Carolina?
Lake Wylie has been rated the #9 best suburb to raise a family in the Charlotte area?
(rankings provided by niche.com)
LAKE WYLIE LIFESTYLE
Discover the Allure of Lake Wylie
Nestled along the North and South Carolina border, Lake Wylie embodies the epitome of idyllic Southern living. With its tranquil waters, picturesque landscapes, and vibrant community spirit, it’s no wonder why this charming town has become an increasingly desirable destination for those seeking a perfect blend of natural beauty, modern conveniences, and a close-knit community atmosphere. Lake Wylie residents take pride in their town, actively participating in various community events and festivals throughout the year. From neighborhood block parties and farmers’ markets to charity fundraisers and volunteer opportunities, there’s always something happening in Lake Wylie to bring residents together and foster meaningful connections.
Lake Wylie’s allure lies its stunning natural surroundings. Named after the expansive Lake Wylie, which spans over 13,000 acres, the town offers residents unparalleled access to water-based recreational activities such as boating, fishing, and kayaking. The glistening waters of the lake provide a serene backdrop for leisurely strolls along its shores, while the surrounding wooded areas offer endless opportunities for exploration and outdoor adventure. More information about Lake fishing and waterways.
Lake Wylie’s proximity to Charlotte, NC, provides residents with easy access to employment opportunities, cultural attractions, and urban amenities while still allowing them to retreat to the tranquility of small-town living at the end of the day.
Whether you’re in the market for a waterfront retreat, a cozy suburban home, or a spacious estate with scenic views, Lake Wylie offers a diverse range of real estate options to suit every taste and budget. Waterfront properties provide unparalleled access to the lake and breathtaking sunset views, while inland neighborhoods boast well-designed homes nestled amidst lush greenery and manicured landscapes. Whatever your preference, you’ll find that Lake Wylie offers the perfect balance of natural beauty and modern comfort, making it an ideal place to call home.
Contact Nina Hollander with Coldwell Banker Realty if you’d like more information about the buying or selling a home in Lake Wylie (or in any Greater Charlotte neighborhood, for that matter). I’ve been opening doors for Lake Wylie home buyers and sellers since 1999.
SEARCH FOR HOMES IN LAKE WYLIE
WONDERING WHAT YOUR LAKE WYLIE HOME IS WORTH?
FREE Home Seller Guide: “Things To Consider When Selling Your House”
If you’re considering selling or purchasing a home in Lake Wylie, 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.”
PREVIOUS LAKE WYLIE REAL ESTATE REPORTS
Lake Wylie Real Estate Report: July 2024
Lake Wylie Real Estate Report: June 2024
Lake Wylie Real Estate Report: May 2024
Lake Wylie Real Estate Report: April 2024
Lake Wylie Real Estate Report: March 2024
Thinking about buying or selling a home in the Charlotte area?
Nina Hollander is an expert local real estate agent serving Charlotte and surrounding communities. Whether you’re just starting your search or ready to make a move, Nina is here to provide trusted guidance every step of the way. Contact Nina today to get personalized help with your real estate goals.
Thinking about selling your Charlotte home? Request our free Charlotte home value report and to see what your home may be worth in today’s real estate market.
Check out the Real Estate Market in Charlotte NC
I work hard for my clients to ensure they have the best selling or buying experience possible. For comprehensive real estate information in the Greater Charlotte NC area, check out the links below!
