February 2025 Real Estate Market Report: Richmond & Columbia County

The real estate market in the CSRA area continues to shift, with February bringing some notable changes. Whether you're a buyer, seller, or investor, understanding these trends can help you make informed decisions. Let’s break down the latest numbers and insights for Richmond and Columbia County.

Richmond County Market Overview

• Number of Closed Sales: 142 (slightly down from 145 in January)

• Average Sales Price: $226,507 (up from $220,479)

• Average Days on Market: 106 (a slight increase from 103)

• Average Price per Sqft: $134 (up from $122)

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What This Means:Richmond County saw a small dip in the number of closed sales, but home prices continue to rise, reflecting increased property values. The average price per square foot jumped by $12, which is great news for homeowners looking to sell. However, with homes taking slightly longer to sell, strategic pricing and strong marketing are key.

Columbia County Market Overview

• Number of Closed Sales: 152 (up from 150 in January)

• Average Sales Price: $389,667 (up from $376,665)

• Average Days on Market: 119 (slightly up from 117)

• Average Price per Sqft: $162 (up from $160)

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What This Means:Columbia County remains a hot market! More homes sold in February compared to January, and the average sales price continues to climb. With homes spending a bit more time on the market, buyers may have a little more time to negotiate. However, prices are still increasing, meaning waiting too long could cost buyers more in the long run.

Market Insights & Key Takeaways

📈 Sellers: With home values rising, this could be a great time to list your property. However, since homes are sitting on the market slightly longer, making a strong first impression with competitive pricing and professional marketing is crucial.

🏡 Buyers: While prices are increasing, the extra days on the market may give you more negotiating power. Mortgage rates and demand will play a big role, so if you're considering buying, acting sooner rather than later may be the best move.

🔍 Investors: With prices trending upward, Richmond County may offer opportunities to buy properties before values climb even higher. Columbia County’s market strength continues to show long-term investment potential.

What’s Next?

The spring market is just around the corner, and activity is expected to pick up. If you’re considering buying or selling, staying informed is key! Need advice on your next real estate move? Let’s connect and strategize! 📩