Cost of Living 2023 Update

As we roll into 2023 I wanted to update you on our current market and what we are seeing as far as pricing thoughout Columbia and Lexington, South Carolina. 2022 saw some ups and downs, but ended the year 13.1% up year over year in our entire market, some of the biggest jumps we have seen. Predictions are all over the place for 2023, but things are heating up early with multiple offers already being seen in properties here early in 2023.

But let's get into the 2022 year over year stats to give you and idea of our local markets! I have broken down the areas I get asked about the most. For any areas you don't see, please don't hesitate to email me. If you are interested in buying or selling don't hesitate to fill out an inquiry in the contact section and I will reach out to you!

Irmo St. Andrews Ballentine

2022 Median Sales Price $235,000 which is up 16.6% year over year.

Cayce West Columbia South Congaree

2022 Median Sales Price $228,000 which is up 21.3% year over year.

Northeast Columbia

2022 Median Sales Price $290,000 which is up 18.4% year over year.

Forest Acres

2022 Median Sales Price $240,000 which is up 9.1% year over year.

Lexington

2022 Median Sales Price $294,663 which is up 17.9% year over year.

Kershaw and Elgin

2022 Median Sales Price $294,263 which is up 17.7% year over year.

Lake Murray - Irmo Chapin

2022 Median Sales Price $924,000 which is up 34.9% year over year.

Lake Murray - Newberry

2022 Median Sales Price $575,000 which is up 9.5% year over year.

Lake Murray - Saluda

2022 Median Sales Price $625,000 which is up 38.9% year over year.

Lake Murray - Lexington

2022 Median Sales Price $830,000 which is up 9.8% year over year.

For the video report click here -> Local Market Update 2023

* Data per Consolidated MLS stats - Dated December 2022