Tega Cay Housing Market Report December 2024•York County, South Carolina

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Housing Prices in Tega Cay, SC

How much do homes in Tega Cay, SC cost?

Housing Market Conditions

Is Tega Cay, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Tega Cay is a Buyer's Market

Difference Since December 2023

At the same time last year, Tega Cay was a Seller's Market.

Insight

Tega Cay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$505,500$223/SqFt
+$20,500
+4.2%

Based on all homes sold in the last 12 months

Insight

Homes in Tega Cay have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Tega Cay was $505,500 in December 2024, up 4.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$398.9K$407.5K
+2.1%
3$410K$415K
+1.2%
4$575K$605K
+5.2%
5$700K$773.5K
+10.5%

Summary: Tega Cay housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +1.2%. The home price for 4 bedroom homes increased by +5.2%. The home price for 5 bedroom homes increased by +10.5%.

Housing supply in Tega Cay, SC

How many homes are available in Tega Cay, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
53Last MonthDec 2024
532 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The Tega Cay real estate market had 53 homes for sale in Dec 2024, the same as Nov 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
132 months agoNov 2024
-46.2 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
223
+50.0%
32324
+4.3%
41314
+7.7%
51512
-20.0%

Summary: Tega Cay housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +4.3%. The inventory for 4 bedroom homes increased by +7.7%. The inventory for 5 bedroom homes decreased by -20.0%.

Asking Price vs. Sold Price

How much do homes in Tega Cay, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price1 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Tega Cay, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Tega Cay in December 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and and 29% were sold over asking.

Days on Market for Tega Cay, SC

How long does it take to sell a home in Tega Cay, SC?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Tega Cay are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in Tega Cay; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
23 DaysThis YearDec 2024
28 Days1 year agoDec 2023
-17.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Tega Cay had an average listing age of 23 days in Dec 2024, down by 17.3% compared to the previous year.

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Newest Listings in Tega Cay, SC

What homes are available in Tega Cay, SC?

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.