Tega Cay Real Estate March 2024

TEGA CAY REAL ESTATE MARCH 2024 HIGHLIGHTS

Tega Cay real estate March 2024 saw sales decline almost 21% month-over-month, while increasing almost 12% year-over-year. Sale prices improved month-over-month, but declined from March one year ago.  Days on market declined a second consecutive month by 54+% to 17 days.  New listings were unchanged compared with one month ago and flat compared with one year ago. Housing inventory increased a second consecutive month, up 13.43% from one month ago. The months supply of inventory increased to 4.0 months, pushing Tega Cay into home buyer territory. The list to sale price ratio was just under 100%, unchanged from one month and one year ago. Tega Cay home buyers did not see much opportunity to negotiate on price in March 2024.

TEGA CAY REAL ESTATE MARCH 2024 TRENDS SNAPSHOT

HOUSING INVENTORY IN TEGA CAY INCREASED A SECOND CONSECUTIVE MONTH

Tega Cay’s number of properties for sale in March 2024 increased 13.43% to 76 from the previous month of February which saw 67 properties for sale. Compared with March 2023, Tega Cay inventory increased 7.04% from 71 properties for sale. March 2024 also saw more inventory compared with March 2022, which had 54 properties for sale.  Month-over-month, the months supply of inventory increased to 4.0 months, putting Tega Cay on the edge of being a buyer’s market.

NEW LISTINGS UNCHANGED 

New listings in Tega Cay were unchanged in March 2024 compared with the previous month of February, with both months seeing 28 new listings. Compared with March 2023, new listings were 3.7% higher. New listings in Tega Cay were at their highest level compared with March 2023 (27 new listings) and March 2022 (26 new listings).

TEGA CAY SALES DECLINED FROM FEBRUARY

Tega Cay had 19 closed sales in March 2024, down 20.83% from 24 sales in the previous month.  Sales increased 11.76% compared with March one year ago, which saw 17 sales. Sales declined  compared with March 2022, which saw 48 sales. 

DAYS ON MARKET DOWN A SECOND CONSECUTIVE MONTH

On average, Tega Cay homes sold in 17 days in March 2024, decreasing 54.05% from 37 days from February 2024. Days on market declined 58.54% from 41 days compared with March 2023. Days on market were one day higher in March 2024 than in March 2022. This was the second lowest number of days on market in Tega Cay since November 2022. Only September 2024 had fewer days on market at 15 days.

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

Average price of sold homes in March 2024 was $527,137, up 21.46% from the prior month of February.  Compared with March 2023, average sale price was 7.55% lower than the $570,200 one year ago.

Median sale price of Tega Cay homes in March 2024 was $465,000, up 25.25% from $371,250 in the previous month of February. Median sale price decreased 6.98% from $499,900 year-over-year. 

Price per square foot was $227 in March 2024, up 3.18% from $220 in the previous month of February. Compared with March 2023, price per square foot was 3.18% higher than the $220 one year ago.

TEGA CAY HOMES LIST TO SALE PRICE RATIO JUST UNDER 100%

Sellers received 99.49% of listing price in March 2024, equal to the previous month of February and to March 2023.

 

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

ROLLING 12-MONTH AVERAGE

 

 

MORE DETAILS ON THE TEGA CAY HOUSING MARKET’S PERFORMANCE

 

`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 real estate monthly update for Tega Cay, SC 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.”

 

 

PREVIOUS TEGA CAY REAL ESTATE UPDATES 

Tega Cay Real Estate Update: February 2024     Tega Cay Real Estate Update: January 2024

Tega Cay Real Estate Update: December 2023  Tega Cay Real Estate Update: November 2023

Tega Cay Real Estate Update: October 2023   Tega Cay Real Estate Update: September 2023

Tega Cay Real Estate Update: August 2023  Tega Cay Real Estate Update: July 2023

Tega Cay Real Estate Update: June 2023  Tega Cay Real Estate Update: May 2023

Tega Cay Real Estate Update: April 2023  Tega Cay Real Estate Update: March 2023