Is Pelion, SC 29123 a buyer’s or seller’s market?
Pelion is a seller’s market. With about 3 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 41% of U.S. ZIP codes, and #28 of 191 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Pelion housing market right now
In the three months ending August 31, 2026, 25% of homes in Pelion, SC 29123 sold above their list price, the typical home went under contract in 65 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (14 days then) and the median sale price rose 26% to $257,534. Overall, Pelion is less competitive than a year ago, which gives buyers more room.
Within Lexington County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell more often over asking than in 92%. On our competition score, Pelion ranks #28 of 191 SC ZIP codes with enough sales (score 41 out of 100).
Nearby, buyers who want less competition could look at Leesville 29070 (6% sold over asking) or Cayce 29033 (7% sold over asking), while West Columbia 29170 (30% sold over asking) is even more competitive.
Run the numbers for 29123
Nearby markets
Cayce 29033Seller’s market $167 /sq ftChapin 29036Seller’s market $162 /sq ftColumbia 29212Seller’s market $149 /sq ftGaston 29053Balanced $140 /sq ft Browse all markets →Towns like Pelion nearby
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Questions about Pelion real estate
Is Pelion a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Pelion, SC 29123 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pelion?
The typical home went under contract in 65 days in the latest three months.
Do homes in Pelion sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Pelion?
About 0.49% of a home’s value a year in Lexington County, or roughly $1,960 on a $400,000 home.
What is the median home price in Pelion?
The median sale price was $257,534 in the three months ending August 31, 2026, about $167 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology