Lake Wylie Real Estate April 2024
Lake Wylie Real Estate April 2024 Highlights
Lake Wylie real estate April 2024 saw both median and average sale prices rise to their highest levels compared with April 2023 and 2022. The number of properties sold declined 50% from the previous month of March and 25% compared with April one year ago. Days on market increased to 57 from 40 one month ago. Days on market increased 27 days from 30 one year ago in April. New listings declined slightly from one month ago and increased slightly from one year ago. Inventory declined slightly month-over-month, but increased almost 11% year-over-year. The months supply of inventory increased to 6.75 months from 3.46 months in March 2024, pushing Lake Wylie into a solid home buyer’s market. Nonetheless, the list to sale price ratio of 98.31% provided home buyers a relatively small window of opportunity to negotiate on sale price.
Lake Wylie Real Estate April 2024 Snapshot
HOME SALE PRICES AT HIGHEST LEVEL COMPARED WITH APRIL 2023 & 2022
Average sale price in April 2024 was $690,5005, up 21.59% from $567,875 in the previous month of March. Year-over-year, the average home sale price was 4.39% higher than in April 2023 when it was $661,481. The April 2024 average sale price was at its highest level compared with April 2023 and 2022.
Median home sale price in April 2024 was $639,000, up 15.14% from $555,000 in the previous month of March. The median home sale price increased 4.75% from $610,000 in April 2023. The April 2024 median sale price was at its highest level compared with April 2023 and 2022.
Price per square foot in April 2024 was $239, up 11.68% from the previous month of March when it was $214. The price per square foot was 7.66% higher than the $222 in April one year ago.
DAYS ON MARKET UP
Days on market in April 2024 were 57 days, up 42.5% from 40 days one month ago. Year-over-year, average days on market increased 90% by 27 days compared with April 2023. Compared with April 2022, current days on market were 35 days higher in 2024.
LAKE WYLIE HOUSING INVENTORY STABLE IN 2024
The number of properties for sale in April 2024 was 81, down 2.41% from 83 properties for sale one month ago. Inventory was 10.96% higher than the 73 properties for sale in April one year ago. March 2024 inventory was also higher than the 74 properties for sale in April 2022. April 2024 inventory was at its highest level compared with April 2023 and 2022.
The months supply of homes increased to 6.75 months in April from 3.46 months in the previous month of March, pushing Lake Wylie solidly into home buyer “territory.” This was the highest months supply of inventory compared with April 2023 and 2022.
NEW LISTINGS DOWN MONTH-OVER-MONTH | UP YEAR-OVER-YEAR
The number of new listings in April 2024 was 20, down by two listings from the previous month of March New listings increased by three compared with April one year ago and were lower by 13 listings from April two years ago.
LAKE WYLIE SALES DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR
After improving 84.6% month-over-month in March 2024, sales in April 2024 declined 50% to 12 from 24 in the most recent month of March. Sales declined 25% from 16 in April one year ago. Compared with April 2022, sales were lower by 13 sales. The April 2024 sales were at their lowest level compared with April 2023 and 2022.
LIST TO SALE PRICE RATIO UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
The April 2024 selling price of 98.31% of list price declined from 99.55% in the previous month of March and from 100.02% in April one year ago. Lake Wylie home buyers saw the smallest of opportunities to negotiate on home price in April 2024.
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LAKE WYLIE REAL ESTATE MEDIAN HOME PRICE TRENDS
(12 Month Rolling Average)
DID YOU KNOW…
Lake Wylie has been rated the #1 best place to live in South Carolina?
Lake Wylie has been rated the #12 best place/suburb to raise a family in South Carolina?
Lake Wylie has been rated the #9 best suburb to raise a family in the Charlotte area?
(rankings provided by niche.com)
LAKE WYLIE LIFESTYLE
Discover the Allure of Lake Wylie
Nestled along the North and South Carolina border, Lake Wylie embodies the epitome of idyllic Southern living. With its tranquil waters, picturesque landscapes, and vibrant community spirit, it’s no wonder why this charming town has become an increasingly desirable destination for those seeking a perfect blend of natural beauty, modern conveniences, and a close-knit community atmosphere. Lake Wylie residents take pride in their town, actively participating in various community events and festivals throughout the year. From neighborhood block parties and farmers’ markets to charity fundraisers and volunteer opportunities, there’s always something happening in Lake Wylie to bring residents together and foster meaningful connections.
Lake Wylie’s allure lies its stunning natural surroundings. Named after the expansive Lake Wylie, which spans over 13,000 acres, the town offers residents unparalleled access to water-based recreational activities such as boating, fishing, and kayaking. The glistening waters of the lake provide a serene backdrop for leisurely strolls along its shores, while the surrounding wooded areas offer endless opportunities for exploration and outdoor adventure. More information about Lake fishing and waterways.
Lake Wylie’s proximity to Charlotte, NC, provides residents with easy access to employment opportunities, cultural attractions, and urban amenities while still allowing them to retreat to the tranquility of small-town living at the end of the day.
Whether you’re in the market for a waterfront retreat, a cozy suburban home, or a spacious estate with scenic views, Lake Wylie offers a diverse range of real estate options to suit every taste and budget. Waterfront properties provide unparalleled access to the lake and breathtaking sunset views, while inland neighborhoods boast well-designed homes nestled amidst lush greenery and manicured landscapes. Whatever your preference, you’ll find that Lake Wylie offers the perfect balance of natural beauty and modern comfort, making it an ideal place to call home.
Contact Nina Hollander with Coldwell Banker Realty if you’d like more information about the buying or selling a home in Lake Wylie (or in any Greater Charlotte neighborhood, for that matter). I’ve been opening doors for Lake Wylie home buyers and sellers since 1999.
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Lake Wylie Real Estate Report: March 2024
