Lake Wylie Real Estate January 2024
Lake Wylie Real Estate January 2024 Highlights
Lake Wylie real estate January 2024 saw median and average home sale prices increase substantially both year-over-year and month-over-month. The number of properties sold doubled from one month ago. Days on market increased to 49 to the third highest level of DOM in a year. Compared with days on market one year ago, Lake Wylie homes saw 31 fewer days on market, on average, in January 2024. New listings increased by seven homes month-over-month and by two homes year-over-year. Inventory declined a third consecutive month in January from one month ago and also declined from one year ago. The months supply of inventory increased to 6.08 months, shifting Lake Wylie towards a home buyer’s market. List to sale price ratio was just under 97.53%, providing home buyers a window of opportunity to negotiate on sale price.
Lake Wylie Real Estate January 2024 Snapshot
HOME SALE PRICES SOMEWHAT LOWER
Average sale price in January 2024 was $953,658 up 41.3% from $674,917 in December. Year-over-year, the average home sale price was 69.69% higher than in January 2023 when it was $561,989. We could assume that some of this increase comes from the price mix of homes listed/sold in January.
Median home sale price in January 2024 was $789,000, up 6.62% from $740,000 in the previous month of December. The median home sale price increased 56.55% from $504,000 in January 2023. We could assume that some of this increase comes from the price mix of homes listed/sold in January.
Price per square foot in January 2024 was $229, decreasing 7.29% from $247 in December 2023. The price per square foot was 11.17% higher than the $206 in January one year ago.
DAYS ON MARKET UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Average days on market in January 2024 were 49 days, up from nine days one month ago. It should be pointed out that the December 2023 days on market were the lowest Lake Wylie had seen since July 2022 and the second lowest in some three years. Year-over-year, average days on market declined 38.75% by 31 days compared with January 2023. Compared with January 2022, current days on market were nine days lower.
LAKE WYLIE HOUSING INVENTORY DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of properties for sale in January 2024 was 73, down 8.75% from 80 in the previous month of December. Inventory was 14.12% lower than the 85 properties for sale in January one year ago. Inventory was also lower than the 76 properties for sale in January 2022. With 6.08 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 January 2024 was 15, up from eight new listings in the previous month of December. Compared with January 2023, new listings were higher by two listings. January 2024 listings were higher by five listings compared with January 2022.
LAKE WYLIE SALES UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
Sales increased 100% in January 2024 doubling to 12 from six sales in December 2023. Sales increased by one compared with January one year ago and decreased by five compared with January 2022.
LIST TO SALE RATIO FLLAT YEAR-OVER-YEAR & DOWN MONTH-OVER-MONTH
The selling price of 97.53% of list price down from 99.21% in the previous month and flat 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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