Columbia, SC 29206 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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: $497,000 is the primary indicator of recent market value and transaction activity in Columbia 29206, providing a stronger market signal than asking prices.
2. The median days on market: 36 suggests slower sales velocity, while the cold market temperature may indicate softer liquidity and the need for realistic pricing and flexible negotiation.
3. The median listing price of $415,000 is below the median sold price of $497,000, a notable pricing relationship that may reflect differences in the properties entering the market and recently closing; sellers should use comparable closed sales rather than asking prices as their primary benchmark.
4. The market shows elevated inventory relative to sales activity, suggesting excess supply and a more selective transaction environment for both single-family residences and condominiums; buyers may have more time to evaluate options, while sellers should emphasize condition and pricing strategy.
5. The median price per square foot: $253 provides a useful valuation reference, while flat year-over-year pricing, up year-over-year rent, and elevated interest-rate pressure—including average current 30-year fixed mortgage rates of approximately 7.11%—point to a market where financing costs remain an important consideration.

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.