Is 2026 a good year to sell a house in Lexington, SC?

July 2026 CMLS Area 11 data says well-priced homes are still selling: 184 closings, median $331,060 (up 6.5%), 30 days on market, and 98.7% of list price. Higher inventory (491 homes, up 21.2%) means you cannot list at a 2022 peak number and wait.

What was the median home price in Lexington Area 11 in July 2026?

The July 2026 CMLS Area 11 median closed price was $331,060, up 6.5%. Year-to-date through July, the median was $312,500 across 1,250 closings.

How long does it take to sell a home in Lexington, SC right now?

July 2026 CMLS Area 11 median days on market was 30. Homes priced to current comps in the first week still move. Homes priced to last year's hopes sit.

Should I wait for more inventory to come down before I sell?

Inventory in Area 11 was 491 homes in July 2026, up 21.2%. That gives buyers more choices, but it has not collapsed sale prices — the median is still up 6.5%. Waiting for “less competition” is a bet against a market that is already functioning. Price correctly and launch with a real marketing plan instead.

October 31, 2026 · Joseph Michel

Is Pelion, SC a Good Place to Buy a Home in 2026?

Homes in Pelion's 29123 ZIP code sold for a median of $257,569 over the three months ending September 2026, according to Redfin. That's up 3.7% from a year ago, and it's roughly $52,000 less than the $309,900 median in the Lexington MLS area. The catch:…

Homes in Pelion's 29123 ZIP code sold for a median of $257,569 over the three months ending September 2026, according to Redfin. That's up 3.7% from a year ago, and it's roughly $52,000 less than the $309,900 median in the Lexington MLS area. The catch: homes took a median of 52 days to sell, more than double last year's 25.

I'm Joe Michel, a Realtor with Coldwell Banker Realty on the Patrick O'Connor Team, the #1 Coldwell Banker team in South Carolina. Here's how I'd size up Pelion for a buyer this fall, with real numbers and no fluff.

Where is Pelion, and what's it like to live there?

Pelion is a small town in southern Lexington County with the 29123 ZIP code. It's a country address: a lot of the market is homes on bigger lots, rural roads, manufactured homes and land, mixed in with newer subdivisions. If you want space and a lower price than Lexington proper, and you're fine with a longer drive into town, Pelion belongs on your list.

Recent Redfin sales show how wide the range is:

779 Thor Rd sold for $327,500 (3 bed, 2 bath, 1,529 sq ft) on Sept. 23
416 Otis Rd sold for $264,500 (1,792 sq ft) on Oct. 13
755 Bush Berry Rd sold for $186,500 (2 bed, 1 bath, 1,176 sq ft) on Sept. 29
1379 Track Rd sold for $181,000 (3 bed, 2 bath, 1,680 sq ft) on Sept. 30

So a buyer can find anything from a starter home in the high $100s to a newer three-bedroom in the low $300s. That spread is exactly why comps matter so much out here.

How much does a home in Pelion cost in 2026?

| Source | Metric | Number | |---|---|---| | Redfin (29123) | Median sale price (3 mo. ending Sept.) | $257,569 (+3.7%) | | Redfin (29123) | Median price per sq ft | $170 (+15.2%) | | Redfin (29123) | Homes sold in September | 22 (vs. 12 last year) | | CMLS Area 11 (Lexington) | September median | $309,900 (-3.8%) |

Price per square foot jumped 15.2% year over year, much faster than the median price. That usually means smaller homes are selling for more per foot, not that every house got 15% more expensive. Don't let one headline number set your offer.

What would my monthly payment be in Pelion?

With Freddie Mac's 30-year fixed average at 7.24% (week of Oct. 29, 2026), here's the principal-and-interest math on a median-priced home. Taxes, insurance and any HOA come on top.

Pelion at $257,569: about $1,668/month with 5% down, or about $1,404 with 20% down
Lexington Area 11 at $309,900: about $2,006/month with 5% down, or about $1,690 with 20% down

That's about $338 a month saved at 5% down for choosing Pelion over the Lexington area median. Rates are also drifting the right way: 7.24% is down from 7.32% the week before. If you're on the fence about renting another year, our rent vs. buy breakdown for Lexington walks through the math.

Is the Pelion market competitive right now?

Less than it was a year ago, and that's good news for buyers. Redfin's numbers for 29123:

Compete Score: 58 out of 100, "Somewhat Competitive" (Lexington's 29072 sits at 55 and 29073 at 61)
Sale-to-list: 96.8%, down 2.3 points from last year
18.2% of homes sold above list, down a big 23.5 points
Average homes sold about 2% under list and went pending in about 61 days
Hot homes sold around list and went pending in about 13 days

That's a two-speed market. A sharp, well-priced house still goes in two weeks. Everything else sits for two months and usually sells under asking. On a $257,569 home, 96.8% of list means buyers are typically leaving about $8,200 on the table in their favor.

Is there enough inventory in Pelion?

Sales picked up. Redfin counted 22 sales in September, up from 12 a year earlier. Across the broader Lexington area, CMLS showed 506 homes available in September, up 19.3%, with a 52-day median on market. More homes on the market and longer days on market mean more choice and more negotiating room than buyers have had in a few years.

Pelion is still a small market, though. You won't have dozens of options in your price range at once, so set up alerts and be ready to see the good ones fast.

What about schools, flood and insurance in Pelion?

Redfin lists Pelion Elementary (GreatSchools 5/10) and Forts Pond Elementary (3/10) in the 29123 area. School ratings are one data point, not the whole story. Visit, talk to parents, and always confirm zoning for a specific address with the school district, since boundaries don't follow ZIP codes.

On risk, First Street rates 29123's flood risk as minor, with about 3% of properties (84 homes) at risk of severe flooding over 30 years. Its wildfire and wind scores are higher: it flags 99% of properties with some wildfire risk and 60% at major risk from a severe wind event. That doesn't make Pelion unsafe; it means you should get a homeowners insurance quote early, before your due diligence window closes, especially on rural or wooded lots.

Who is Pelion a good fit for?

From what I'm seeing, Pelion makes the most sense for:

First-time buyers who want a detached home in the $200s inside Lexington County
Buyers who want land and elbow room more than a short commute
Investors looking for lower entry prices in a county that keeps growing
Buyers priced out of Lexington, Red Bank or Oak Grove who are fine driving a little farther

It might not fit if you want walkable retail, top-rated school scores on paper, or a quick commute downtown. For those, compare Oak Grove or Gilbert.

How should I write an offer in Pelion this fall?

My team's approach depends on the house:

Fresh, well-priced listing: Treat it like a hot home. Those are going pending in about two weeks, so come in clean, keep your inspection contingency, and move fast.
Listing past 30 days or already reduced: You have leverage. Ask for closing cost help, or use a seller credit to buy down your rate. At 7.24%, every $100,000 you finance costs about $681 a month, so a buydown can be worth more than a small price cut.
Rural property: Check well and septic, survey and easements, flood zone, and whether the lot can be financed the way you plan. Manufactured homes and land have different loan rules than a standard house.

Take a look at the team's recently sold homes and buyer resources to see how we've handled it for other Midlands buyers.

Should Pelion homeowners think about selling now?

If you own in Pelion, prices are still up year over year, and price per square foot is up even more. But buyers have more choices and more time than they did last fall. Homes that are priced right and look good on day one still sell in about 13 days. Homes that aren't sit for two months and sell under list. Our guide on how to prepare your home to sell covers the prep that actually pays off.

Frequently Asked Questions

What is the median home price in Pelion, SC in 2026? Redfin reports a median sale price of $257,569 in the 29123 ZIP code over the three months ending September 2026, up 3.7% from a year ago.

How fast are homes selling in Pelion, SC? The median was 52 days on market in September 2026, up from 25 a year earlier. Hot homes went pending in about 13 days; average homes took about 61.

Is Pelion, SC a buyer's or seller's market? It's leaning toward buyers compared to last year. Redfin rates it 58 out of 100 (Somewhat Competitive), homes sold at 96.8% of list, and only 18.2% sold over asking, down from about 42% last year.

What ZIP code is Pelion, SC? Pelion is 29123, in Lexington County.

Is Pelion cheaper than Lexington, SC? Yes. Pelion's median of about $257,600 is roughly $52,000 below the $309,900 CMLS Area 11 Lexington median for September 2026, which works out to about $338 a month at 5% down and 7.24%.

What schools serve Pelion, SC? Redfin lists Pelion Elementary (GreatSchools 5/10) and Forts Pond Elementary (3/10). Confirm zoning for any specific address with the school district.

Ready to look at Pelion?

Whether you want your first house, a few acres, or a rental, Joe Michel's team can set up Pelion alerts and help you tell the hot listings from the ones with room to negotiate. Call or text me at 803-553-6438, or visit scmidlandsagent.com.

Joseph Michel, Realtor | Coldwell Banker Realty | The Patrick O'Connor Team, the #1 Coldwell Banker team in South Carolina | SC License 130259

What's my Midlands home worth? Own in Pelion, Lexington or Lake Murray? Get a free, no-obligation valuation from Joe Michel's team at Coldwell Banker Realty. Timeline optional, no pressure. Request your free valuation