TEGA CAY, S.C. — The Tega Cay real estate market is off to a strong start in 2025, with median home prices and price per square foot rising significantly compared to both the previous month and year, according to a recent market update from local Realtor® Thomas Rackley.
The median sales price for single-family homes in February 2025 reached $564,000, a 17.5% increase from January and a substantial 51.9% increase year-over-year. Price per square foot also climbed to $259, up 5.71% from the previous month and 17.73% higher than February 2024.
Despite the rising prices, overall sales activity slowed slightly. Only 15 homes were sold in February, down from 24 sales in the same month last year. Homes are also spending more time on the market, averaging 54 days to sell, up from 38 days in February 2024.
As of March, there are 95 active listings in the area. Inventory remains tight, which could continue to place upward pressure on home prices.
The March market summary notes 16 new listings, with an average sales price of $602,782. Homes sold during the month spent an average of 46 days on the market, and 15 sales were recorded.
Rackley encourages homeowners considering selling to act now, stating that “things are heating up” and that current market conditions are favorable for sellers.
A featured listing in the update highlights a four-bedroom, three-bathroom home at 1065 Guagin Lane in Tega Cay, offering 2,362 square feet of space.
For more information or a free home value analysis, Rackley can be contacted at 704-340-0400 or [email protected].
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