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.
Key Takeaway
Tega Cay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Tega Cay have sold for 2.7% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Tega Cay, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Tega Cay are selling fast, if you're buying plan to act quickly.
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.
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