Tega Cay, SC Housing Report For April 2025
Market Trends For Home Prices, Sales, Inventory, Days on Market In April
In April 2025, Tega Cay’s real estate market showed stable, but mixed activity. Inventory rose slightly to 105 properties, the highest level in three years. Tega Cay real estate inventory increased 41.89% compared with April 2024.
Despite the increase, the months supply of inventory declined to 5.25 months from 7.36 in March, signaling a return to a balanced market after favoring buyers in the first three months of 2025.
New listings remained steady at 26 both month-over-month and year-over-year. Closed sales increased to 20, up from 14 in March but still below the 24 sales seen in April 2024.
Average days on market were 53, down from 64 the previous month, but still considerably higher than in April 2024 and April 2023.
Sale prices declined month-over-month and year-over-year. The average sale price was $578,980, down 3.17% from March and 8.59% lower than in April 2024. The median sale price fell to $460,000, a 9.8% drop from March and down 22.69% year-over-year. These declines appear to be driven by the price mix of homes sold rather than falling property values overall. Price per square foot was $245, down from $273 in March, but still 3.81% higher than a year ago.
The list to sale price ratio held steady at 97.61% month-over-month, but below April 2024’s 100.16%
TEGA CAY REAL ESTATE: APRIL 2025 SNAPSHOT
MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC
ROLLING 12-MONTH AVERAGE
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This Charlotte, North Carolina update for Tega Cay real estate is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real estate expert and Tega Cay specialist. I've been opening doors for Tega Cay home buyers and sellers since 1999.
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