Lake Wylie Real Estate February 2025
Lake Wylie Real Estate February 2025 Highlights
Lake Wylie real estate February 2025 saw home sale prices generally decline except for a 1.8% increase in the year-over-year median home sale price. As sales prices in February were based on a very small number of sales–just nine sales in total–these price declines are more a result of the price mix of homes listed and sold than of any significant change in the value of homes in Lake Wylie. The number of properties sold increased 80% month-over-month, but declined almost 31% year-over-year. After rising to their highest level in three years in January 2025, days on market declined 46% to 75 days in February 2025. New listings remained low, improving by three properties month-over-month, but were down compared with February 2024 and 2023. Inventory has remained flat compared with both the previous month and the previous year. The months supply of inventory declined to 8.67 months in February, keeping Lake Wylie a home buyer’s market. By the same token, the list to sale price ratio increased 3.23% to just under 99% in February, providing home buyers a very small window of opportunity to negotiate on sale price.
Lake Wylie Real Estate February 2025 Snapshot
HOME SALE PRICES
Average sale price in February 2025 was 548,000, down 19.53% from $681,000 in the previous month of January. Year-over-year, the average home sale price was 10.64% lower than in February 2024 when it was $613,262.
Median home sale price in February 2025 was $570,000, down 14.41% from $666,000 in the previous month of January. The median home sale price improved 1.79% from $560,000 in February 2024. The February 2025 median sale price was at its highest level compared with February 2024 and 2023.
Price per square foot in February 2025 was $209, down 4.13% from $218 one month ago. The price per square foot was 3.24% lower than the $216 in February one year ago.
It’s important to point out that sales prices in February were based on a very small number of sales–just nine sales in total. These numbers are more a result of the price mix of homes listed and sold than of any significant change in the value of homes in Lake Wylie.
DAYS ON MARKET DECLINED SUBSTANTIALLY FROM JANUARY
After rising to their highest level in three years in January 2025, average days on market in February 2025 were 75 days, down 46.04% from 139 days one month ago. Year-over-year, average days on market increased from 48 days compared with February 2024. Compared with February 2023, days on market were four days lower in February 2025
LAKE WYLIE HOUSING INVENTORY FLAT
The number of properties for sale in February 2025 was 78, up from 76 in the prior month and in February one year ago. February 2025 inventory was also lower than the 79 properties for sale in February 2023. The February 2025 months supply of homes declined to 8.67 months, keeping Lake Wylie a home buyer’s market based on this metric.
NEW LISTINGS REMAINED LOW
The number of new listings in February 2025 was 13, up from 10 in the prior month of January. New listings declined 43.48% compared with February one year ago (23 new listings) and were lower by two listings from February two years ago. February 2025 new listings were at their lowest level compared with February 2024 and 2023.
LAKE WYLIE SALES UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Sales in February 2025 improved 80% to 9 from 5 in the most recent month of January. Sales were 30.77% lower than the 13 sales in February 2024. Compared with February 2023, sales were unchanged.
LIST TO SALE PRICE RATIO JUST UNDER 99%
The February 2025 selling price of 98.78% of list price increased from 95.55% in the previous month and was equal to the February 2024 list to sale price ratio. Lake Wylie home buyers saw just a small window of opportunity to negotiate on home price in February 2025.
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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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