Lake Wylie Real Estate March 2024
Lake Wylie Real Estate March 2024 Highlights
Lake Wylie real estate March 2024 saw sale prices rise to their highest levels compared with March 2023 and 2022. The number of properties sold increased 84+% from the previous month of February, but declined compared with March one year ago. Days on market declined to 40 from 48 one month ago. Days on market declined 19 days from 59 one year ago in March. New listings were flat compared with one month ago and down from one year ago. Inventory increased month-over-month and year-over-year. The months supply of inventory declined to 3.46 months from 5.85 months in February 2024, keeping Lake Wylie a home seller’s market. List to sale price ratio of 99.55% provided home buyers a minimal window of opportunity to negotiate on sale price.
Lake Wylie Real Estate March 2024 Snapshot
HOME SALE PRICES AT HIGHEST LEVEL COMPARED WITH MARCH 2023 & 2022
Average sale price in March 2024 was $567,875, down 7.4% from $613,262 in the previous month of February. Year-over-year, the average home sale price was 1.07% higher than in March 2023 when it was $561,859. The March 2024 average sale price was at its highest level compared with March 2023 and 2022.
Median home sale price in March 2024 was $555,000, equal to that of the median home sale price in the previous month of February. The median home sale price increased 7.77% from $515,000 in March 2023. The March 2024 median sale price was at its highest level compared with March 2023 and 2022.
Price per square foot in March 2024 was $214, equal to the previous month of February. The price per square foot was 11.46% higher than the $192 in March one year ago.
DAYS ON MARKET DECLINED MONTH-OVER-MONTH & YEAR-OVER-YEAR
Days on market in March 2024 were 40 days, down 16.67% from 48 days one month ago. Year-over-year, average days on market declined 32.2% by 19 days compared with March 2023. Compared with March 2022, current days on market were nine days higher in 2024.
LAKE WYLIE HOUSING INVENTORY UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of properties for sale in March 2024 was 83, up 9.21% from 76 properties for sale one month ago. Inventory was 7.79% higher than the 77 properties for sale in March one year ago. March 2024 inventory was also higher than the 71 properties for sale in March 2022. Although inventory was up in Lake Wylie, the months supply of homes declined to 3.46 months in March from 5.85 months in the previous month of February, pushing Lake Wylie back into home seller “territory.”
NEW LISTINGS FLAT MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of new listings in March 2024 was 22, down by one listing from the previous month of February. New listings were unchanged compared with March one year ago and were lower by four listings from March two years ago. The March 2024 new listings were at their lowest level compared with March 20223 and 2022.
LAKE WYLIE SALES UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Sales in March 2024 improved 84.62% to 24 from 13 in the most recent month of February. Sales declined 11.11% from 27 in March one year ago. Compared with March 2022, sales were lower by 10 closed sales. The March 2024 sales were at their lowest level compared with March 2023 and 2022.
LIST TO SALE PRICE RATIO UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
The March 2023 selling price of 99.55% of list price improved from 97.53% in the previous month of February and from 96.53% in March one year ago. At just under 100% list to sale price, Lake Wylie home buyers did not see many opportunities to negotiate on price.
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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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