Is Carolina Forest, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Carolina Forest has remained a Seller's Market.
Key Takeaway
Carolina Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carolina Forest, SC
How much do homes in Carolina Forest, SC cost?
Median Sold Price
$341,666
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carolina Forest have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Carolina Forest was $341,666 in May 2024, down 3.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $130K | 0.0% |
| 2 Bedrooms | $204.5K | $194.5K | -4.9% |
| 3 Bedrooms | $315K | $300K | -4.8% |
| 4 Bedrooms | $499.9K | $504.5K | +0.9% |
| 5+ Bedrooms | $575K | $749.8K | +30.4% |
Summary: Carolina Forest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Waterbridge | $625K | $645K | +3.2% |
| Carolina Forest | $355.6K | $341.6K | -3.9% |
| Plantation Lakes | $675K | $543K | -19.6% |
Housing Supply in Carolina Forest, SC
How many homes are available in Carolina Forest, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 459 | 491 | +7.0% |
Summary: The Carolina Forest real estate market had 491 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 99 | 118 | +19.2% |
| 3 Bedrooms | 165 | 170 | +3.0% |
| 4 Bedrooms | 135 | 135 | 0.0% |
| 5+ Bedrooms | 52 | 60 | +15.4% |
Summary: The Carolina Forest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 83 | +15.3% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carolina Forest, you may be able to get a good deal. 71.1% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Carolina Forest in May 2024, up by 15.3% month-over-month. Of the 83 sold homes, 71% were sold under asking, 20% were sold at asking, and 8% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 112 Days | 109 Days | -2.2% |
Summary: Homes in Carolina Forest had an average of 109 days on market in May 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
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 May 2024, 83 homes were sold in Carolina Forest; 4% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 49% of homes were sold over 90 days.
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