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 October 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

$349,985

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,179(+0.3%)

Key Takeaway

The sold price of homes in Carolina Forest has remained the same since last year.

Summary: The median home sold price in Carolina Forest was $349,985 in October 2024, up 0.3% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $132K$132.5K
0.4%
2 $199.9K$187.7K
-6.1%
3 $304.9K$295K
-3.3%
4 $519.5K$485K
-6.7%
5+ $674.6K$750K
+11.2%

Summary: Carolina Forest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Neighborhoods

Waterbridge
+18.4%
Carolina Forest
0.3%
Plantation Lakes
-20.6%

Housing Supply in Carolina Forest, SC

How many homes are available in Carolina Forest, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
441458+3.9%

Summary: The Carolina Forest real estate market had 458 homes for sale in October 2024, a 3.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 100101
+1.0%
3 169184
+8.9%
4 115117
+1.7%
5+ 5352
-1.9%

Summary: The Carolina Forest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 1.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6158-4.9%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 Homes Were 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. 75.9% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Carolina Forest in October 2024, down by 4.9% month-over-month. Of the 58 sold homes, 76% were sold under asking, 19% were sold at asking, and 5% 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

Oct 2023Oct 2024CHANGE
113 Days109 Days-3.5%

Summary: Homes in Carolina Forest had an average of 109 days on market in Oct 2024, down by 3.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Carolina Forest has remained consistent over time.

Summary: During October 2024, 58 homes were sold in Carolina Forest; 5% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 47% 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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