Market Trends: 5/17/2012
Lexington
Market Snapshot
Total Properties Listed:
1,456
Month-Over-Month Change: -.34%
Average List Price:
$211,390
Month-Over-Month Change: +.57%
Median List Price:
$149,900
Month-Over-Month Change: N/A
Typical Property
Single-Family Home
3.45 Bedrooms
2.57 Baths
$211,390 Average List Price
$94/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
N/A
2 Bedrooms:
$136,756
3 Bedrooms:
$166,007
4 Bedrooms:
$291,639
5 Bedrooms:
$339,133
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Lexington, SC Real Estate:
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About Lexington
The town of Lexington, South Carolina, had its beginning on January 24, 1820 with the purchase of two acres of land from Anna Barbara Drafts "Granny" Corley for the establishment of a new courthouse and jail for Lexington County. Previously the county seat of government had been the town of Granby, located where Cayce is today. Granby was a low, unhealthy area often flooded in the spring. Mrs. Corley's land was selected for its central location and its healthy atmosphere among the pine trees. The town of Lexington grew up around the courthouse and was indeed called "Lexington Court House" until 1900. Most of the town's early settlers were descendants of older area families, largely of German ancestry. Prior to the Civil War, Lexington could boast of having the Lutheran Seminary, two churches, two newspapers, a small textile factory, a carriage factory and the usual businesses necessary for a courthouse town of that era. A municipal charter was issued on January 28, 1861.
In February of 1865 a wing of General Sherman's Federal troops occupied the town. Many of the dwellings and businesses were burned during this occupation. The town by 1880 had rebuilt its business district and a number of impressive new homes were replacing those lost in 1865. In 1890 the Lexington Manufacturing Company built the textile mill with its dam, pond and houses for the employees, all located on the eastern end of Main Street. Disastrous fires in 1894 and 1916 resulted in most of the business district structures being rebuilt of brick. In 1911, electricity for lighting was available, and telephones came to the town before 1916. By 1927 a municipal water system was put into use. With post-World War II prosperity, Lexington has expanded into a thriving business and political center for Lexington County.
Today Lexington is one of the fastest growing areas of the South Carolina Midlands and has numerous recreational opportunities at Lake Murray, sporting events, community parks and recreational areas. Located in the award-winning Richland/Lexington School District Five, Lexington is an area that is on the move!