$3,818 Closing Credit*
$321,500
1,282 SqFt
3 Beds
•2 Full Baths
Listing Office: Carolina Homes Connection, LLC
Is Tega Cay, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tega Cay has remained a Seller's 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
$500,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.0%)
Key Takeaway
Homes in Tega Cay have sold for 2% more than they did a year ago.
Summary: The median home sold price in Tega Cay was $500,000 in October 2024, up 2% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $403.4K | $425K | +5.3% |
| 3 Bedrooms | $426.2K | $405K | -5.0% |
| 4 Bedrooms | $587K | $597.5K | +1.8% |
| 5+ Bedrooms | $705K | $773.5K | +9.7% |
Summary: Tega Cay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in Tega Cay, SC
How many homes are available in Tega Cay, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Summary: The Tega Cay real estate market had 53 homes for sale in October 2024, a 12.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Tega Cay housing inventory by bedroom type for October 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 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tega Cay, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Tega Cay in October 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 27 Days | -34.5% |
Summary: Homes in Tega Cay had an average of 27 days on market in Oct 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were 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 October 2024, 12 homes were sold in Tega Cay; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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