Forest Acres Housing Update: Prices Jump, Inventory Offers Breathing Room
Forest Acres, SC – March 24, 2026 – Home prices are up sharply year over year as buyers gain leverage with longer days on market and steady rental rates.
Top takeaways
- Median sale price around $425K, up 43.5% year over year.
- Homes averaging 52 days on market; about 2% below list on average.
- Rental rates easing slightly, with average rent near $1,396.
Market snapshot
The Forest Acres housing market remains somewhat competitive, but buyers are seeing more negotiating room this spring. Recent Redfin data shows a median sale price of approximately $425K, with homes selling in about 52 days on average and typically closing roughly 2% below list price. Eleven homes sold in the latest monthly snapshot, signaling steady but not rapid turnover.
Realtor.com recently characterized conditions as leaning toward a buyer’s market, reflecting higher supply relative to demand compared to peak-pandemic activity. Together, longer marketing times and modest price flexibility suggest a more balanced environment than in recent years.
What’s happening with rentals
Apartment rents in Forest Acres have edged down slightly year over year. The average rent is about $1,396, a 1.41% decrease from last year. One-bedroom units average about $1,398, while two-bedroom units average about $1,358. The modest dip may provide relief for renters weighing whether to renew or consider a purchase.
What’s for sale
Current listings range from mid-$300Ks ranch-style homes to properties above $1M near established corridors and lake-adjacent streets. Condos and smaller homes offer entry points below the area’s median, while larger renovated properties continue to command premium pricing.
Buyers preparing to make offers may also line up local pros such as a home inspector, roofer, HVAC contractor, or electrician to move quickly during due diligence and negotiate repairs effectively.
Are you seeing more price cuts, multiple offers, or longer listing times in your part of Forest Acres?
Sources
https://www.redfin.com/city/6741/SC/Forest-Acres/housing-market
https://www.realtor.com/local/market/south-carolina/richland-county/forest-acres
https://www.rentcafe.com/average-rent-market-trends/us/sc/forest-acres/
https://www.redfin.com/city/6741/SC/Forest-Acres