Columbia, SC 29212 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: $231,000 establishes the clearest measure of recent market value and transaction activity in 29212; sellers should anchor pricing decisions to completed sales rather than asking prices.
2. Median days on market: 34 suggests slower sales velocity, while elevated inventory relative to sales activity may indicate more cautious liquidity; sellers should prepare for longer marketing periods and buyers may have greater negotiation flexibility.
3. Median listing price: $270,000 sits meaningfully above the median sold price of $231,000, suggesting pricing friction between seller expectations and achieved transaction values; sellers should use recent comparable sales to reduce overpricing risk.
4. Market temperature: <Highlight variant="red">cold</Highlight> and the price year-over-year trend is down, indicating a softer pricing environment for single-family residential and condominium properties; buyers should assess value carefully, while sellers should prioritize realistic positioning.
5. Interest rate pressure: <Highlight variant="red">elevated</Highlight>; current 30-year fixed mortgage rates in Columbia, SC, average 7.11%, which may constrain affordability and reinforce the need for disciplined pricing and financing analysis.

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.