Is Tega Cay, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tega Cay was a Neutral Market.
Housing Prices in Tega Cay, SC
How much do homes in Tega Cay, SC cost?
Median Sold Price
$489,171
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tega Cay was $489,171 in April 2024, down 2.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | - | N/A |
2 Bedrooms | $410.2K | $400K | -2.5% |
3 Bedrooms | $427.5K | $410K | -4.1% |
4 Bedrooms | $569.3K | $575K | +1.0% |
5+ Bedrooms | $700K | $715K | +2.1% |
Summary: Tega Cay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in Tega Cay, SC
How many homes are available in Tega Cay, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 60 | +11.1% |
Summary: The Tega Cay real estate market had 60 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Tega Cay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Tega Cay in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Tega Cay, SC
How long does it take to sell a home in Tega Cay, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 10 Days | -72.2% |
Summary: Homes in Tega Cay had an average of 10 days on market in Apr 2024, down by 72.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Tega Cay; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.