Is Carolina Forest, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carolina Forest is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Carolina Forest was a Seller's Market.

Key Takeaway

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

Housing Prices in Carolina Forest, SC

How much do homes in Carolina Forest, SC cost?

Median Sold Price

$350,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,402(+0.7%)

Key Takeaway

Homes in Carolina Forest have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in Carolina Forest was $350,000 in November 2024, up 0.7% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$135K
+3.8%
2 $199.2K$186.2K
-6.5%
3 $300K$295.3K
-1.6%
4 $525.5K$476.6K
-9.3%
5+ $677.5K$751.5K
+10.9%

Summary: Carolina Forest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 10.9%.

Median Sold Price Compared To Nearby Neighborhoods

Waterbridge
+18.4%
Carolina Forest
+0.7%
Plantation Lakes
-8.1%

Housing Supply in Carolina Forest, SC

How many homes are available in Carolina Forest, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
453452-0.2%

Summary: The Carolina Forest real estate market had 452 homes for sale in November 2024, a 0.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 9894
-4.1%
3 180170
-5.6%
4 120136
+13.3%
5+ 5248
-7.7%

Summary: The Carolina Forest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6456-12.5%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carolina Forest, you may be able to get a good deal. 80.4% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Carolina Forest in November 2024, down by 12.5% month-over-month. Of the 56 sold homes, 80% were sold under asking, 18% were sold at asking, and 2% were sold over asking.

Days on Market for Carolina Forest, SC

How long does it take to sell a home in Carolina Forest, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
109 Days116 Days+7.1%

Summary: Homes in Carolina Forest had an average of 116 days on market in Nov 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Carolina Forest are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 56 homes were sold in Carolina Forest; 4% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 59% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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