Is Tega Cay, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tega Cay has remained a Seller's Market.
Housing Prices in Tega Cay, SC
How much do homes in Tega Cay, SC cost?
Median Sold Price
$487,515
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tega Cay was $487,515 in March 2024, down 2.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | - | N/A |
2 Bedrooms | $404K | $402K | -0.5% |
3 Bedrooms | $425K | $408.5K | -3.9% |
4 Bedrooms | $557.7K | $580K | +4.0% |
5+ Bedrooms | $692.5K | $707.5K | +2.2% |
Summary: Tega Cay housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Tega Cay, SC
How many homes are available in Tega Cay, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The Tega Cay real estate market had 52 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The Tega Cay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Tega Cay in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 18 Days | -45.0% |
Summary: Homes in Tega Cay had an average of 18 days on market in Mar 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Tega Cay; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.