South Carolina’s Real Estate Market Experiences Shifts

News Summary

As we move into 2025, South Carolina’s real estate market is notably shifting. While the previous frenzy has calmed, opportunities abound with home values rising in competitive areas. From fast-growing towns to a booming lake real estate market, buyers remain active despite rising mortgage rates. Key developments are shaping the landscape, promising continued growth and investment potential in the Palmetto State. Homes remain in demand, making this an exciting time for both buyers and sellers.

South Carolina’s Real Estate Market Sees Some Surprises as Trends Shift

It’s no secret that South Carolina’s real estate market, like many others across the nation, has been riding the waves of change since the pandemic hit. But as we step into 2025, things seem to be shifting a bit. The frenzy that once set hearts racing and prices soaring has slowed down, but that doesn’t mean the market is without its captivating trends and >remarkable opportunities!

A Competitive Landscape

As the nation faces rising mortgage rates, buyers are still stepping up to the plate in South Carolina, vying for the limited supply of homes, particularly affordable ones. The result? Prices continue to climb in many areas. The typical home value across the U.S. reached a staggering $357,377 in February 2025, marking a 2.1% increase from this time last year. South Carolina’s real estate scene paints a similar picture with some fascinating stats.

Fast-Growing Areas

In February, Stacker released a dazzling list of cities and towns in South Carolina showing some of the fastest-growing home prices, drawing from the latest data from Zillow. Out of 50 places analyzed, here are a few highlights:

• $213,467 typical home value, representing an impressive 8.7% increase over the past year and a whopping 60.0% jump over five years (not in a metro area).
• $247,065 typical home value in the Charleston-North Charleston area, climbing 7.4% in just one year, and up 43.4% over the last five years.
• In the same region, another segment hits a typical home value of $279,346, up 6.5% year over year and 53.2% over five years.
• $237,719 home value in the Columbia area is also noteworthy, with a 7.8% increase over the past year and a staggering 62.3% over five years!
• Even the Charlotte-Concord-Gastonia area is feeling the rise, with a typical home value reaching $581,748, marking a 3.2% bump over the past year.

Lake Real Estate Boom

Now, if you’re a fan of water views, don’t miss out on the booming lake real estate market! The total value for South Carolina’s entire lake real estate market stands at an impressive $1.5 billion as opposed to $1 billion just last winter. With several listings attracting attention, one standout is a five-bedroom farmhouse in Newberry, dating back to 1903, listed for a cool $2.288 million. If that doesn’t float your boat, how about a brand-new lakefront property on Lake Murray going for $4.15 million? Talk about luxury living!

Other Developments Add Excitement

Beyond residential changes, commercial and industrial expansions are also shaping the economic landscape. Jushi USA recently leased a massive 200,758 square foot industrial space in the Pineview Trade Center as part of its big plans for growth.

Add to that the exciting development of a 27-acre site turning into the Lexington Marketplace Shopping Center, with a Target as its anchor. And let’s not forget Kraemer Women’s Care, a leading provider of women’s healthcare, relocating its corporate office to a shiny new 7,828 square foot space in Columbia’s Historic Vista District.

The Bottom Line

Despite the headwinds of rising interest rates and fewer transactions, South Carolina’s housing market remains remarkably resilient! Homeowners can still see significant increases in value, making this a fascinating time to keep an eye on the changes happening within the Palmetto State. As new opportunities arise and trends shift, the only sure thing is that South Carolina’s real estate market continues to captivate. Who knows what the future holds?

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Additional Resources

• Stacker: Fastest Growing Home Prices in South Carolina
• Wikipedia: Real Estate in the United States
• Columbia Business Report: Lake Real Estate Growth
• Google Search: South Carolina Real Estate Market
• SC Daily Gazette: Developer Leases Net Mega Millions
• Encyclopedia Britannica: South Carolina
• Post and Courier: Columbia Real Estate Insights
• Google News: South Carolina Housing Market
• Colliers: Jushi USA Leases Industrial Space
• US News: Undervalued Housing Markets in the U.S.
• Norada Real Estate Investments: South Carolina Housing Market