Lake Wylie Real Estate July 2024
Lake Wylie Real Estate July 2024 Highlights
Lake Wylie real estate July 2024 saw home sale prices decline a third consecutive month. The number of properties sold were flat compared with one month ago. Sales declined 33.33% from July one year ago. Days on market increased by 10 days from one month ago and by 19 days from one year ago. New listings declined to their lowest level since December 2023. Inventory levels remained stable month-over-month and year-over-year. The July months supply of inventory increased to 5.86 months from 5.2 months in June 2024, keeping Lake Wylie in a balanced market position between buyers and sellers. The list to sale price ratio of 98.59% provided home buyers a small window of opportunity to negotiate on sale price.
Lake Wylie Real Estate July 2024 Snapshot
HOME SALE PRICES CONTINUED A DOWNWARD TREND
Average sale price in July 2024 was $486,714, down 9.91% from $540,227 in the previous month of June. Year-over-year, the average home sale price was 21.9% lower than in July 2023 when it was $623,189. The average sale price in July 2024 was at its lowest level compared with July 2023 and 2022.
Median home sale price in July 2024 was $485,000, up 7.78% from $450,000 in the previous month of June. The median home sale price declined 17.8% from $590,000 in July 2023. The median sale price in July 2024 was at its lowest level compared with July 2023 and 2022.
Price per square foot in July 2024 was $214, down $1/square foot from the previous month of June. The price per square foot was 1.9% higher than the $210 in July one year ago.
DAYS ON MARKET UP A SECOND CONSECUTIVE MONTH TO THEIR SECOND HIGHEST LEVEL SINCE MARCH 2023
Days on market in July 2024 were 51 days, up 24.39% from 41 days one month ago. Year-over-year, average days on market increased 59.38% from 32 days compared with July 2023.
LAKE WYLIE HOUSING INVENTORY STABLE
The number of properties for sale in July 2024 was 82, up 1.23% from 81 in the prior month. Inventory was 2.5% higher than the 80 properties for sale in July one year ago. July 2024 inventory was lower than the 93 properties for sale in July 2022.
The months supply of homes was relatively flat at 5.86 months compared with 5.2 months in the previous month of June, keeping Lake Wylie in a more balanced market between home buyers and home sellers.
NEW LISTINGS DECLINED TO THEIR LOWEST LEVEL SINCE DECEMBER 2023
The number of new listings in July 2024 was 11, down 35.29% from 17 in the prior month of June. New listings declined 45% compared with July one year ago (20 new listings) and were lower by 23 listings from July two years ago.
LAKE WYLIE SALES FLAT MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Sales in July 2024 declined 6.67% to 14 from 15 in the most recent month of June. Sales were 33.33% lower than the 21 in July 2023. Compared with July 2022, sales were lower by 6 sales.
LIST TO SALE PRICE RATIO FLAT
The July 2024 selling price of 98.59% of list price was flat compared with one month ago and one year ago. Lake Wylie home buyers saw a very small window of opportunity to negotiate on home price in July 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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PREVIOUS LAKE WYLIE REAL ESTATE REPORTS
Lake Wylie Real Estate Report: June 2024
Lake Wylie Real Estate Report: May 2024
Lake Wylie Real Estate Report: April 2024
Lake Wylie Real Estate Report: March 2024
