As we move through fall, the real estate market in Columbia, Richmond, and Aiken counties continues to shift. Buyers and sellers alike will find these market trends helpful for making informed decisions.
Columbia County Market Overview:
- Active Listings: 665
- Under Contract: 194
- Sold Listings in September: 169
- Average List Price: $434,845
- Average Sale Price: $363,093
- Average Days on Market: 101
Columbia County continues to maintain a strong inventory, with 665 homes actively listed. However, only 194 homes are under contract, indicating some cooling in buyer demand. The average sale price of $363,093 is notably lower than the average list price, signaling that buyers may have more negotiation power. Homes are sitting on the market for about 101 days, which is slightly up from previous months.
Richmond County Market Overview:
- Active Listings: 626
- Under Contract: 165
- Sold Listings in September: 124
- Average List Price: $246,009
- Average Sale Price: $250,482
- Average Days on Market: 93
Richmond County sees a slightly lower volume of active listings compared to Columbia County, but homes are selling close to or even above their list price, with an average sale price of $250,482. This indicates a competitive market, despite a smaller pool of buyers. With an average of 93 days on the market, homes here are moving a bit quicker than in neighboring counties.
Aiken County Market Overview:
- Active Listings: 849
- Under Contract: 167
- Sold Listings in September: 169
- Average List Price: $408,034
- Average Sale Price: $321,302
- Average Days on Market: 121
Aiken County boasts the highest number of active listings at 849, offering plenty of options for buyers. However, the gap between the average list price and sale price indicates that there is room for negotiation, as homes are selling at an average of $321,302 compared to the list price of $408,034. Homes here are taking the longest to sell, with an average of 121 days on the market.
Key Takeaways:
- Columbia County: Buyers have more negotiation power as homes are staying on the market longer and selling below the list price.
- Richmond County: This market remains competitive, with homes selling quickly and often at or above list price.
- Aiken County: With the most options available, buyers may have more time to explore their choices, as homes tend to stay on the market for longer.
Whether you’re buying or selling, it’s essential to stay updated on the latest trends. For personalized advice or a deeper dive into these numbers, feel free to get in touch!
