LOCAL MARKET INFO

Local Market Info for those who like to know… This market research is provided by local MLS marketing for Columbia and surrounding areas. This helps realtors, buyers and sellers make decisions on where to buy, when to buy, when to list and when to move – and more! Take a look, and if you have questions, call Gene at M&R Realty for local, knowledgeable answers.

In January 2025, the real estate markets in Richland and Lexington Counties exhibited notable trends:

Richland County:

• Home Values: The average home value reached $243,681, marking a 2.9% increase over the past year. 
• Median Sale Price: The median sale price stood at $256,000, reflecting a 2.9% year-over-year rise.
• Market Activity: Homes typically went pending in approximately 35 days, indicating a brisk market pace. 
• Inventory Levels: The county had 1,182 homes for sale, a significant 54.3% increase from the previous month, suggesting a growing inventory.

Lexington County:

• Home Values: The average home value was $260,703, up 3.2% over the past year. 
• Median Sale Price: The median sale price was $315,000, representing a 12.7% decrease from the previous year.
• Market Activity: Homes typically went pending in around 29 days, indicating a swift market. 
• Inventory Levels: The county had 720 active home listings, with homes spending an average of 52 days on the market, down from 65 days the previous year. 

These data points suggest that while both counties experienced growth in home values, Lexington County saw a decline in median sale prices, possibly due to increased inventory and longer time on the market. Conversely, Richland County’s market remained competitive with rising prices and quicker sales.

Note: All data is reflective of market conditions as of January 2025.