Is Tega Cay, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$486,333
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tega Cay was $486,333 in May 2024, down 2.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | - | N/A |
2 Bedrooms | $412.4K | $400K | -3.0% |
3 Bedrooms | $420K | $410K | -2.4% |
4 Bedrooms | $566.8K | $585K | +3.2% |
5+ Bedrooms | $697.5K | $721.5K | +3.4% |
Summary: Tega Cay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in Tega Cay, SC
How many homes are available in Tega Cay, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 69 | +11.3% |
Summary: The Tega Cay real estate market had 69 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Tega Cay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 13 | -40.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Tega Cay in May 2024, down by 40.9% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 21 Days | +13.6% |
Summary: Homes in Tega Cay had an average of 21 days on market in May 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Tega Cay; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.