Tega Cay, SC Housing Inventory Declined To 1.65 Months In August 2023

Real Estate Agent with Coldwell Banker Realty 179530

Latest news on the Tega Cay, SC real estate market in August 2023...

What you need to know now...

What it means for you...


Housing Inventory Drops To 1.65 Months In August, Keeping Tega Cay A Home Seller's Market

Closed Sales Up 119.05% Over July 


Key take-aways about the Tega Cay housing market in August 2023: 

  • Average and median home sale prices declined month-over-month and year-over-year.

  • Inventory declined compared with July and with August one year ago. August's housing inventory was at its lowest in 2023 since April resulting in a decline in the months supply of inventory to just 1.65 months.

  • New listings decreased from July (by two properties). New listings were down compared with August 2022.

  • Days on market were at their lowest level in eight months at 21 days, declining four days from the previous month of June. Days on market in July were nine days lower than the year-to-date average in Tega Cay.

  • Sold properties more than doubled in August over July 2023. Sales were also up year-over-year.

  • At a 99.88% list to sale price ratio, Tega Cay home buyers are still not seeing a big opportunity to negotiate on price. The list to sale price ratio increased 1.11% from July.



Tega Cay, SC Housing Market Trends Snapshot August 2023



Tega Cay's number of properties for sale in August 2023 declined 6.17% to 76 from the previous month of July which saw 81 properties for sale. Compared with August 2022, Tega Cay had 13.64% less inventory (88 properties for sale) than in August 2023.  August 2023 housing inventory was at its lowest level compared with August 2022 and August 2021. August's housing inventory was at its lowest in 2023 since April resulting in a decline in the months supply of inventory to just 1.65 months.



New listings in Tega Cay decreased by two homes from 30 in the prior month of July to 28 in August 2023. Compared with August 2022, new listings were down 3.45% from 29 and also down from 43 new listings in August 2021. New listings in August 2023 were at their lowest level compared with August 2022 and August 2021.



Tega Cay had 46 closed sales in August 2023, increasing 119.05% from 21 homes sold in July 2023 and increased 2.22% from 45 sales in August 2022. August 2023 closed sales were down by one sale compared with August 2021. This was the highest level of sales in Tega Cay since November 2022, which had 53 sales



On average, Tega Cay homes sold in 28 days, increasing seven days from July 2023. Days on market increased seven days year-over-year from 21 days  in August 2022 and increased 17 days from 11 days on market in August 2021.



Average price of sold homes in August 2023 decreased 11.09% to $491,075 from $552,310 in July 2023. Compared with August 2022, average sale price was 9.12% lower than one year ago at $540,370. 


Median sale price of Tega Cay homes of $423,762, down 24.33% from $560,000 in the previous month. Median sale price declined 10.57% from $473,839 year-over-year. The median sale price in August 2023 was at its highest level compared with August 2022 and August 2021.


Price per square foot was $214 in August, down 4.46% from $224 in August 2023 and equal to August 2022.





Sellers received 99.88% of listing price in August, up from 98.77% the prior month. The ratio was down from 101.54% in August 2022.  Tega Cay home buyers saw a very small window of opportunity to negotiate on price in August 2023.




  Want to know what this would mean for your family if you decide to buy or sell a Tega Cay home?    

Curious about Tega Cay real estate? Call Nina Hollander

I can help.

Call me today at 704-779-0813 or contact us here.

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Did you know Tega Cay has been ranked...

  • The #1 best place/suburb to raise a family in South Carolina?
  • The #2 best place/suburb to live in South Carolina?
  • The #6 best place/suburb to buy a house in South Carolina?



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Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!


In Polynesian, "tega cay" means beautiful peninsula... which is exactly what Tega Cay, South Carolina is... a beautiful 1600 acre peninsula on Lake Wylie just 20 miles south of Charlotte, North Carolina. The Tega Cay community began developing in the 1970's and was originally modeled after a Polynesia resort. It includes the Tega Cay Golf Club, a 27-hole golf course, a marina, the Tega Cay Beach & Swim Center, tennis courts at the Tega Cay Tennis Club, walking trails, waterfront parks and ball fields, and so much more. The town also has its own Police Department, Fire Department and Emergency Services Squad.
Tega Cay's motto is "Bonae Vitae/The Good Life" and once you visit and take a look around, you know exactly why that's so.
An upscale, lake-side community, Tega Cay provides a high quality of life, reasonable cost of living, and top-rated public schools. Its small-town feeling provides security and comfort, and sitting on Lake Wylie, it also provides virtually year-round recreation, including boating, golf, tennis, and more. Tega Cay's Park and Recreation Department is home to more than 4,500 participants annually and features youth baseball, flag football, soccer and softball. But adults are not left out with adult softball, kickball and senior games. And where else would you find both youth and adult croquet games?


This Charlotte region real estate monthly update for  Tega Cay, SC is provided by  Nina Hollander, Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Tega Cay specialist. I've been opening doors for Tega Cay home buyers and sellers for 24+ years.  


If you're considering selling or purchasing a home in the Tega Cay area or anywhere in the Greater Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how: 

"The Right Broker Makes All The Difference."


Read the original post at www.GreatHomesInCharlotte.com


Posted by


 Nina Hollander, RE/MAX Broker, Realtor




Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.


Comments (24)

Kathy Streib
Cypress, TX
Home Stager/Redesign

Nina- it has to be confusing for buyers as well as sellers in this market. what's it going to do?   The best thing is for them to work with a knowledgable agent like yourself. 

Sep 30, 2023 08:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty I don't see the investors much any more in Charlotte area and Tega Cay is not quite the kind of community which they would invest money. Also, a lot of our communities have put in restrictions on investor ownership and/or rental permission. 

Sep 30, 2023 10:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... it's a rollercoaster ride these days in many of our areas. You don't know what to expect from one month to the next.

Sep 30, 2023 10:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib it's a crazy market for sure with all the changes in activity from one month to the next. Even for us professionals it's hard to predict what might happen.

Sep 30, 2023 10:38 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina, 

As long as Tega Cay has less than 2 months of inventory, sellers will be in better control. 

Sep 30, 2023 11:07 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Saturday afternoon, Nina.

Have a great day and an outstanding weekend.

Sep 30, 2023 12:18 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... wish there was an explanation for why everything went crazy in August... I'm waiting to see the September numbers now.

Sep 30, 2023 12:27 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

And a good Saturday afternoon to you and Dolores, Roy. I'm enjoying a quiet weekend as both our daughters are here for a visit.

Sep 30, 2023 12:27 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Time on market down as well as inventory just says buyers need to have someone that knows what they're doing on their side if they house to get a house.

Sep 30, 2023 02:24 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed (Edward) Silva, 203-206-0754 hi Ed... the swings from month to month are crazy... people really do need help dealing with them.

Sep 30, 2023 02:46 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Tega Cay home buyers and sellers are sure to value your real estate market report, Nina.

Sep 30, 2023 04:44 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Ah yes, the highs and lows of the market, I love this business 🙂

Sep 30, 2023 08:28 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander, Broker  buyers need to think like my father did OMG the interest rates are climbing I better buy now before I am priced out of the market.... and when he sold 20 years later in the bottom of the market he doubled his money and lived happy for 20 years,  in his home, Endre

Sep 30, 2023 09:38 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, nice market report for Tega Cay, and looks like inventory is shrinking again!

Sep 30, 2023 11:15 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Wow, declining inventory in an area where the inventory was already too low is not a good thing.

Oct 01, 2023 04:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning, Myrl... thanks for popping by. Wishing you a super Sunday and a lovely new month ahead.

Oct 01, 2023 04:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... I've lived through many market highs and lows in the past 50+ years... but I don't remember crazy highs and low from month to month the way I'm seeing them in some of our areas.

Oct 01, 2023 04:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... just as you can't perfectly time the stock market, you can't perfectly time the real estate market. I did once, but that was serendipity and at the time I had not idea I had timed a purchase so perfectly.

Oct 01, 2023 04:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox good morning, Joan... the market is totally nuts... anxious to see the September figures as a whole. We've dropped in our months supply of inventory in the region for several months now... let's see what happened in September.

Oct 01, 2023 04:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England OMG Brian! I just about fell off my chair when I saw your picture this morning. Thought something bad had happened to you! As for declining inventory in a low inventory environment... definitely not good for home buyers.

Oct 01, 2023 04:30 AM
Brian England

Beware of Zombie Brian created by Sharon Tara, haha.

Oct 01, 2023 04:41 AM
Sharon Tara

Nina Hollander, Broker  I'm certainly glad you didn't fall off that chair.

Tis the Season...BOO

Oct 01, 2023 01:24 PM