Tega Cay Real Estate January 2025

TEGA CAY REAL ESTATE JANUARY 2025 HIGHLIGHTS

Tega Cay real estate January 2025 saw its highest level of home inventory in three years. Days on market increased by seven days month-over-month in January, but were 18 days lower than in January one year ago. New listings increased month-over-month, but were relatively flat year-over-year.  Sales almost doubled month-over-month, but declined from one year ago. The months supply of inventory at 8.27 months pushed Tega Cay into a home buyer’s market. The list to sale price ratio of 98.61% was unchanged in January 2025 from one month ago and improved 1.97% from January one year ago. Despite more inventory and new listings, Tega Cay home buyers saw a very small window of opportunity to negotiate on price.

TEGA CAY REAL ESTATE: JANUARY 2025 SNAPSHOT

HOUSING INVENTORY AT ITS HIGHEST LEVEL IN THREE YEARS

Tega Cay properties for sale in January 2025 increased 2.25% to 91 from 89 in the previous month of December. Compared with January 2024, Tega Cay inventory was 44.44% higher than the 63 properties one year ago. Tega Cay inventory was also higher than in January 2023 when it stood at 72 properties for sale.

MONTHS SUPPLY OF INVENTORY PUTS TEGA CAY IN A HOME BUYER’S MARKET

Tega Cay’s months supply of inventory in January 2025 rose to 8.27 months, pushing Tega Cay firmly into a home buyer’s market.

NEW LISTINGS UP BUT NOT AT RECORD HIGHS

New listings in Tega Cay increased in January 2025 to 20 from 13 in the previous month of December. Compared with January 2024, new listings were just one listing higher in 2025. New listings in January 2025 were lower than in January 2023 when Tega Cay had 24 new listings come on market.

TEGA CAY SALES UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR

Tega Cay had 11 sales in January 2025, up 83.33% from 6 sales in the previous month of December.  The number of sales was 26.67% lower than in January 2024, which saw 15 sales. Sales in January 2025 were also lower compared with January 2023, which saw 16 sales.  

DAYS ON MARKET UP

Average days on market in Tega Cay increased to 36 days from 29 in the previous month of December. Days on market in January 2025 were 18 days lower than in January one year ago, but three days higher than in January 2023.

TEGA CAY HOME SALE PRICES DOWN MONTH-OVER-MONTH | UP YEAR-OVER-YEAR

Average sale price in January 2025 was $518,126, down 19.77% from $645,833 in the previous month of December.  Compared with January 2024, average sale price was 5.45% higher than the $491,327 one year ago. Tega Cay’s average sale price was at its highest level compared with January 2024 and 2023.

Median sale price of Tega Cay homes in January 2025 was $480,000, down 18.82% from $591,250 in the previous month of December. Median sale price increased 19.4% from $402,000  year-over-year. Tega Cay’s median sale price was at its highest level compared with January 2024 and 2023.

Price per square foot was $245 in January 2025, down 10.58% from $274 in the previous month of December. Compared with January 2024, price per square foot was 17.22% higher than $209 one year ago. 

TEGA CAY HOMES LIST TO SALE PRICE RATIO DECLINED

Sellers received 98.61% of listing price in January 2025 , equal to the previous month and up from 96.64% in January 2024. Despite increased inventory and days on market, Tega Cay home buyers saw just a small window of opportunity to negotiate on price in January 2025.

 

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

ROLLING 12-MONTH AVERAGE

 

 

 

Want to know what this would mean for your family if you decide to buy or sell a Tega Cay 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. 

 

 

 

Did you know… Tega Cay has been ranked by niche.com as…

• The #2 best place/suburb to live in in the Charlotte metro area?
• The #1 best place/suburb to live in South Carolina?
• The #1 best place/suburb to raise a family in South Carolina?
• The #2 best place/suburb for public schools in South Carolina?

SEARCH TEGA CAY, SC AREA HOMES HERE

 

FREE Home Buyer Guide “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

Contact me if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

I’m happy to provide an expert home value analysis with no obligation on your part.

 

 FREE  Home Seller Guide: “Things To Consider When Selling Your House”

 

 

Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!

 

In Polynesian, “tega cay” means beautiful peninsula… which is exactly what Tega Cay, South Carolina is… a beautiful 1600 acre peninsula on Lake Wylie just 20 miles south of Charlotte, North Carolina. The Tega Cay community began developing in the 1970’s and was originally modeled after a Polynesia resort. It includes the Tega Cay Golf Club, a 27-hole golf course, a marina, the Tega Cay Beach & Swim Center, tennis courts at the Tega Cay Tennis Club, walking trails, waterfront parks and ball fields, and so much more. The town also has its own Police Department, Fire Department and Emergency Services Squad.

 

TEGA CAY TENNIS & GOLF CLUB: VIDEO

 

Tega Cay’s motto is “Bonae Vitae/The Good Life” and once you visit and take a look around, you know exactly why that’s so. An upscale, lake-side community, Tega Cay provides a high quality of life, reasonable cost of living, and top-rated public schools. Its small-town feeling provides security and comfort, and sitting on Lake Wylie, it also provides virtually year-round recreation, including boating, golf, tennis, and more. Tega Cay’s Park and Recreation Department is home to more than 4,500 participants annually and features youth baseball, flag football, soccer and softball. But adults are not left out with adult softball, kickball and senior games. And where else would you find both youth and adult croquet games?

 

 

TEGA CAY TRAIL & RIVER LAUNCH VIDEO

This Charlotte, North Carolina update for Tega Cay real estate is provided by  Nina Hollander, Coldwell Banker Realty, Greater Charlotte  residential real estate expert and Tega Cay specialist. I’ve been opening doors for Tega Cay home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in Tega Cay or anywhere in the Greater Charlotte region, 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.”

 

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