Is Waccamaw Neck, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waccamaw Neck has remained a Seller's Market.
Housing Prices in Waccamaw Neck, SC
How much do homes in Waccamaw Neck, SC cost?
Median Sold Price
$537,691
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waccamaw Neck was $537,691 in May 2024, up 18.8% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222K | $332.5K | +49.8% |
2 Bedrooms | $273K | $308.2K | +12.9% |
3 Bedrooms | $405K | $470.1K | +16.1% |
4 Bedrooms | $658.2K | $742.4K | +12.8% |
5+ Bedrooms | $951.2K | $1.4M | +53.5% |
Summary: Waccamaw Neck housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.8%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 53.5%.
Median Sold Price Compared To Nearby Cities
Pawleys Island | $429.4K | $518.5K | +20.7% |
Waccamaw Neck | $452.4K | $537.6K | +18.8% |
Murrells Inlet | $378K | $378.9K | 0.3% |
Housing Supply in Waccamaw Neck, SC
How many homes are available in Waccamaw Neck, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
445 | 465 | +4.5% |
Summary: The Waccamaw Neck real estate market had 465 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 74 | 81 | +9.5% |
3 Bedrooms | 200 | 208 | +4.0% |
4 Bedrooms | 108 | 109 | +0.9% |
5+ Bedrooms | 48 | 53 | +10.4% |
Summary: The Waccamaw Neck housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 85 | +18.1% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Waccamaw Neck in May 2024, up by 18.1% month-over-month. Of the 85 sold homes, 82% were sold under asking, 13% were sold at asking, and 5% were sold over asking.
Days on Market for Waccamaw Neck, SC
How long does it take to sell a home in Waccamaw Neck, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
90 Days | 115 Days | +28.5% |
Summary: Homes in Waccamaw Neck had an average of 115 days on market in May 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Waccamaw Neck; 5% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 51% of homes were sold over 90 days.