Columbia, SC 29205 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. Median sold price: $224,000 is the primary indicator of recent transaction activity in Columbia, with the representative sale level providing a more grounded valuation reference than asking prices.
2. The median days on market: 34 suggests moderate sales velocity; sellers may need accurate pricing and strong presentation to support timely transactions amid elevated inventory conditions.
3. The median listing price: $324,999 is materially above the median sold price: $224,000, indicating potential pricing friction between seller expectations and recent market-clearing prices; buyers may have room to negotiate, while sellers should anchor decisions to comparable closed sales.
4. The median price per square foot: $244 provides a useful benchmark for evaluating SFR and condominium pricing, but property condition, location, and housing type should be considered before applying it to individual valuations.
5. The 30-year fixed mortgage rate: 7.11% and elevated interest rate pressure may constrain purchasing power, while a neutral market temperature and flat price and rent trends point to a balanced environment rather than rapid appreciation.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.