Lake Wylie Real Estate February 2024
Lake Wylie Real Estate February 2024 Highlights
Lake Wylie real estate February 2024 saw mixed sale prices compared with one month ago and one year ago. By the same token, both average and median home sale prices were at their highest levels in February 2024 compared with the same month in 2023 and 2022. The number of properties sold were unchanged from January, but increased compared with February one year ago. Days on market increased to 48 to their highest level since March 2023. Compared with days on market one year ago, Lake Wylie homes saw 31 fewer days on market, on average, in February 2024. New listings increased by eight homes month-over-month and year-over-year. Inventory increased by one property from one month ago and declined by three properties from one year ago. The months supply of inventory declined to 5.85 months, keeping Lake Wylie a home buyer’s market. List to sale price ratio was just under 97.93%, providing home buyers a small window of opportunity to negotiate on sale price.
Lake Wylie Real Estate February 2024 Snapshot
HOME SALE PRICES MIXED
Average sale price in February 2024 was $613,262, down 32.41% from $907,377 in the previous month of January. Year-over-year, the average home sale price was 12.9% higher than in February 2023 when it was $561,989. We could assume that some of these trends come from the price mix of homes listed/sold in February. The February 2024 average sale price was at its highest level compared with February 2023 and 2022.
Median home sale price in February 2024 was $560,000, down 21.68% from $715,000 in the previous month of January. The median home sale price increased 12.9% from $496,000 in February 2023. We could assume that some of these trends come from the price mix of homes listed/sold in February. The February 2024 median sale price was at its highest level compared with February 2023 and 2022.
Price per square foot in February 2024 was $216, decreasing 4.58% from $227 in the previous month of January. The price per square foot was 11.34% higher than the $194 in February one year ago.
DAYS ON MARKET UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Average days on market in February 2024 were 48 days, up from 45 days one month ago. Year-over-year, average days on market declined 39.24% by 31 days compared with February 2023. Compared with February 2022, current days on market were eight days lower in 2024.
LAKE WYLIE HOUSING INVENTORY REMAINED STEADY
The number of properties for sale in February 2024 was 76, up by one property from January 2024. Inventory was 3.8% lower than the 79 properties for sale in February one year ago. February 2024 inventory was higher than the 67 properties for sale in February 2022. With 5.85 months supply of inventory, Lake Wylie has turned the corner to being a home buyer’s market.
NEW LISTINGS INCREASED MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of new listings in February 2024 was 23, up from 15 new listings in the previous month of January and in February 2023. February 2024 listings were higher by seven listings compared with February 2022.
LAKE WYLIE SALES FLAT MONTH-OVER-MONTH | UP YEAR-OVER-YEAR
Sales were unchanged from January to February 2024, with both months seeing 13 sales. Sales increased by four compared with February one year ago and decreased by 10 compared with February 2022.
LIST TO SALE PRICE
RATIO WAS FLAT YEAR-OVER-YEAR & MONTH-OVER-MONTH
The selling price of 97.53% of list price was essentially unchanged month-over-month and year-over-year.
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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.
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