By The Numbers: Key Housing Market Trends In Columbia, Sc

Price reductions swept through Columbia’s housing market in the week ending Nov. 7, with 47.7% of active single-family listings showing reduced asking prices. The South Carolina metro’s shift toward neutral market conditions, with 3.0 months of supply, signals a rebalancing that opens doors for buyers who have been waiting for better opportunities.

The Columbia metro recorded 2,749 active single-family homes for sale, with sellers adjusting expectations as market dynamics evolve. The median list price held at $315,000, positioning Columbia as a more affordable option compared to both state and national levels.

Inventory flow shows balanced activity

Weekly market activity demonstrated equilibrium between supply and demand. The metro absorbed 229 homes while adding 213 new listings during the week. This near-balance in inventory flow contributed to the 3.0 months of supply, placing the market squarely in neutral territory.

Properties spent a median of 63 days on market before going under contract. The 7.6% relisted rate remained within normal ranges, while only 1.7% of sellers increased their asking prices during the week.

Pricing remains competitive against broader markets

Columbia’s $315,000 median list price sat well below South Carolina’s $390,700 median and the national median of $432,980. The metro’s price per square foot of $156.2 compared favorably to the state’s $194.2 and the nation’s $212.3.

The widespread price adjustments reflect sellers responding to current market feedback rather than distress. With nearly half of all listings showing price cuts, sellers are actively working to align with buyer expectations in the shifting market.

Market velocity outpaces state and national trends

Columbia homes moved faster than broader markets, with the 63-day median days on market beating both South Carolina’s 70 days and the national 77-day median. This quicker pace, combined with balanced absorption rates, indicates the metro maintains healthy transaction velocity despite the transition to neutral conditions.

HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate housing market reports here. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.