Is Sun City Carolina Lakes, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sun City Carolina Lakes is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Sun City Carolina Lakes has remained a Seller's Market.

Key Takeaway

Sun City Carolina Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sun City Carolina Lakes, SC

How much do homes in Sun City Carolina Lakes, SC cost?

Median Sold Price

$510,000

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,500(+2.5%)

Key Takeaway

Homes in Sun City Carolina Lakes have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Sun City Carolina Lakes was $510,000 in September 2024, up 2.5% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $440.5K$410K
-6.9%
3 $530K$564.5K
+6.5%
4 $629K$572.5K
-9.0%
5+ $716.2K-
N/A

Summary: Sun City Carolina Lakes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Indian Land
+2.7%
Sun City Carolina Lakes
+2.5%

Housing Supply in Sun City Carolina Lakes, SC

How many homes are available in Sun City Carolina Lakes, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5462+14.8%

Summary: The Sun City Carolina Lakes real estate market had 62 homes for sale in September 2024, a 14.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2832
+14.3%
3 2024
+20.0%
4 66
0.0%
5+ 00
0.0%

Summary: The Sun City Carolina Lakes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1711-35.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sun City Carolina Lakes, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Sun City Carolina Lakes in September 2024, down by 35.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.

Days on Market for Sun City Carolina Lakes, SC

How long does it take to sell a home in Sun City Carolina Lakes, SC?

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days50 Days+79.0%

Summary: Homes in Sun City Carolina Lakes had an average of 50 days on market in Sep 2024, up by 79% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sun City Carolina Lakes are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 11 homes were sold in Sun City Carolina Lakes; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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 Sep 1, 2024

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