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Columbia Housing Market Conditions
Columbia's housing market had already been grappling with an affordability issue that a continued rise in borrowing costs and a steady increase in home prices has only exacerbated. Still, many analysts predict that the area housing market will be one of the best in 2023 as home prices and sales continue to rise. That said, a growing gap between new home starts and closings may result in a supply that outpaces demand.
Nonetheless, new housing developments continue to move forward, and there will be no shortage of new homes for sale in Columbia through 2023. Unfortunately, not everyone in the Columbia area is welcoming the growth, and longtime area residents are becoming increasingly vocal in their opposition to new housing in the region. Time will tell whether their resistance affects the Columbia housing market long-term.
Things to Do in Columbia, SC
Columbia, South Carolina's state capital, is a friendly city full of charm, character, and southern hospitality. From delectable southern comfort food to a vibrant art scene and a rich history, this city has something for everyone. The Columbia Museum of Art, the South Carolina State Museum, and a host of galleries and festivals keep the city's cultural spirit alive. History buffs will appreciate the South Carolina State House, which features various monuments, a lush garden, and stunning architecture. Connect with nature at Congaree National Park, which offers over 25,000 acres of outdoor recreation space to hike, canoe, kayak, fish, and camp. Check out the Riverbanks Zoo & Garden and the EdVenture Children's Museum. Columbia also features a wide variety of dining and nightlife options to choose from.
Industries in the Columbia Area
Top industries in Columbia include manufacturing, insurance, green energy production, transportation & logistics, and research & development. Healthcare and governmental services also offer many job opportunities in Columbia.
Most of the Columbia new homes for sale can be found in communities in North Columbia and West Columbia. You can also find new homes in the suburbs of Columbia in new home subdivisions in Elgin, which is a half hour from Columbia via Interstate 20 West, and in new construction communities in Lexington.
Top Columbia School Districts
That satisfaction extends to schools as well. Supporting this area are great districts focused on student learning. Richland School District No. 1, Richland School District No. 2 and Lexington-Richland School District No. 5 are exemplary options for your family. You will enjoy great peace of mind knowing quality educators are committed to student success.
Use NewHomeSource to explore the entire real estate market in Columbia. Your new dream home is just a click away. Use NewHomeSource to explore the entire real estate market in Columbia. Your new dream home is just a click away.
Want to Learn More About Columbia?
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Popular Housing Developments in Columbia, SC
Market Overview: New Homes in Columbia, SC
Here is a quick overview of new housing developments in the Columbia area and the new construction market for new build homes in Columbia:
| Market Name | Columbia |
| State Name | South Carolina |
| Subdivisions | 91 |
| Homes Under Construction | 420 |
| Quick Move-in Homes | 450 |
| Floor Plans | 627 |
| Starting Price | $193,990 |
| Average Price | $342,128 |
| Price Per SqFt | $153 |
| New Home Builders | 13 |
| Leading Builders |
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