Columbia, S.C., Housing Trends Are Positive
October 6, 2016 | Columbia Sold, Forest Acres, Lexington, Richland, Shandon

cityscape2COLUMBIA, S.C. — The housing market in the Columbia, South Carolina, area remains strong with tight inventory levels and, for the most part, rising prices.

While certain areas like Shandon, Heathwood, Olde Woodlands and other “in-town” neighborhoods have seen considerably lower inventory levels this year, there are some parts of the market which have seen inventory loosen up. In nearly every sector of the market prices have risen, and in some parts as much as 18%.

There are outliers, of course. The housing inventory in Lake Katherine nearly doubled so far this year over last year in large part because of the historic October 2015 flood. Many of the damaged homes have been bought by investors and families willing to spend significant money on remodeling or, in some cases, tearing down and rebuilding.  Prices, in fact, have inched up slightly year over year which is great news for owners in Lake Katherine.

Check out the tables below for stats comparing monthly and yearly trends for residential property.

If you need more specific information on a particular neighborhood not listed below or are interested in selling or buying, please contact one of our sales agents here. 

Marketwide Stats - September 2016

Marketwide StatsSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings1,3911,384+0.5%14,28914,395-0.7
# Under Contract1,745---------------
# Sold1,019975+4.5%9,3148,635+7.9%
Avg. Sales Price$184,433$180,223+2.3%$189,162$179,131+5.6%

Forest Acres (all schools included)

Forest AcresSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings136+116.7%173168+3%
# Under Contract19---------------
# Sold1310+30%114115-0.9%
Avg. Sales Price$178,792$170,200+5%$192,210$176,281+9%

Forest Acres (only homes zoned for Satchelford Elementary School)

Forest Acres (SFE)Sept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings72+250%106103+2.9%
# Under Contract9---------------
# Sold106+66.7%7880-2.5%
Avg. Sales Price$187,490$179,083+4.7%$211,562$189,966+11.4%

Heathwood

HeathwoodSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings27-71.4%5469-21.7%
# Under Contract7---------------
# Sold27-71.4%5247+10.6%
Avg. Sales Price$257,500$593,797-56.6%$451,623$433,650+4.1%

Lake Katherine

Lake KatherineSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings42+100%6848+41.7%
# Under Contract7---------------
# Sold43+33.3%5127+88.9%
Avg. Sales Price$388,633$256,000+51.8%$281,227$276,697+1.6%

Lexington County

Lexington Co.Sept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings484476+1.7%5,2285,090+2.7%
# Under Contract630---------------
# Sold389376+3.5%3,5973,246+10.8%
Avg. Sales Price$195,834$180,593+8.4%$195,315$185,926+5.0%

Melrose Heights

Melrose HeightsSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings36-50%3947-17%
# Under Contract1---------------
# Sold34-25%3128+10.7%
Avg. Sales Price$280,500$194,562+44.2%$233,039$197,302+18.1%

N. Main/Earlewood/Elmwood (29201)

29201Sept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings2126-19.2%184193-4.7%
# Under Contract17---------------
# Sold118+37.5%108113-4.4%
Avg. Sales Price$164,173$189,438-13.3%$178,667$179,669-0.6%

Northeast Columbia

NE ColumbiaSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings357311+14.8%3,1923,057+4.4%
# Under Contract405---------------
# Sold243207+17.4%2,0251,791+13.1%
Avg. Sales Price$194,411$194,849-0.2%$196,293$188,746+4%

Olde Woodlands/Hamptons

Olde WoodlandsSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings39-66.7%7898-20.4%
# Under Contract5---------------
# Sold109+11.1%5664-12.5%
Avg. Sales Price$278,490$325,244-14.4%$310,394$284,112+9.3%

Richland County

Richland CountySept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings726721+0.4%71207260-1.9%
# Under Contract848---------------
# Sold519464+11.9%460042578.1%
Avg. Sales Price$185,465$189,336-2.0%$191,294$183,184+4.4%

Rosewood (all schools)

Rosewood Sept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings1020-50%162189-14.3%
# Under Contract13---------------
# Sold155+200%10393+10.8%
Avg. Sales Price$134,253$106,875+25.6%$122,362$120,449+1.6%

Shandon

ShandonSept. 2016Sept. 2015% Change2016 YTD2015 YTD% Change
# New Listings1216-25%141153-7.8%
# Under Contract13---------------
# Sold49-55.6%94104-9.6%
Avg. Sales Price$407,125$358,172+13.7%$293,947$282,886+3.9%

All information contained herein is considered reliable but not guaranteed.