CSRA Real Estate Market Update – September 2024

As we step into September, the real estate market in the CSRA (Central Savannah River Area) continues to show steady movement across Columbia, Richmond, and Aiken Counties. Whether you’re considering selling your home or thinking of buying, these current statistics provide valuable insights into local trends.

Columbia County Market Stats:

  • Active Listings: 590
  • Under Contract: 324
  • Homes Sold in August: 253
  • Average List Price: $383,900
  • Average Sale Price: $379,900
  • Average Days on Market for Closed Homes: 95

In Columbia County, the market remains active with a balanced inventory of homes. The average sale price of $379,900 is slightly below the average list price, indicating that buyers have some negotiating power. With homes spending about 95 days on the market, sellers need to be strategic in pricing and preparing their homes for sale to attract serious buyers.

Richmond County Market Stats:

  • Active Listings: 571
  • Under Contract: 259
  • Homes Sold in August: 156
  • Average List Price: $251,900
  • Average Sale Price: $248,500
  • Average Days on Market for Closed Homes: 96

Richmond County offers more affordable housing options, with an average sale price of $248,500. Despite the lower price point compared to surrounding areas, the market is competitive, with nearly 260 homes under contract. The 96 days on market indicates that while demand is strong, buyers are taking a bit longer to finalize purchases.

Aiken County Market Stats:

  • Active Listings: 668
  • Under Contract: 319
  • Homes Sold in August: 196
  • Average List Price: $342,300
  • Average Sale Price: $335,900
  • Average Days on Market for Closed Homes: 102

Aiken County continues to be a popular option for buyers seeking more space or rural settings. With the highest number of active listings at 668, buyers have a wide range of choices. The average sale price is $335,900, slightly lower than the average list price, suggesting there’s room for negotiation. Homes here take a bit longer to sell, averaging 102 days on the market, which could provide some flexibility for buyers.

Key Takeaways:

  • Columbia County sees a healthy balance between supply and demand, with a slightly shorter time on market than its neighboring counties.
  • Richmond County remains the most affordable market, with competitive pricing driving steady buyer interest.
  • Aiken County offers more listings and larger properties, attracting buyers who may need a bit more time to make a decision.

Whether you’re looking to buy or sell, understanding the nuances of each county’s market is crucial. If you need more detailed information on these areas or help navigating the real estate process, feel free to reach out to discuss your options!

Stay tuned for future updates as we continue to track the evolving market conditions.