Is Horry County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Horry County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Horry County was a Seller's Market.

Key Takeaway

Horry County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Horry County, SC

How much do homes in Horry County, SC cost?

Median Sold Price

$324,507

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,618(+2.4%)

Key Takeaway

Homes in Horry County have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Horry County was $324,507 in March 2024, up 2.4% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $177.8K$180K
+1.2%
2 $239.9K$245K
+2.1%
3 $324.9K$329.9K
+1.5%
4 $464.7K$466K
0.3%
5+ $596.1K$602.4K
+1.1%

Summary: Horry County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Counties

Georgetown County
+24.2%
Columbus County
+6.0%
Horry County
+2.4%

Housing Supply in Horry County, SC

How many homes are available in Horry County, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5,0605,455+7.8%

Summary: The Horry County real estate market had 5,455 homes for sale in March 2024, a 7.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 495540
+9.1%
2 1,2281,341
+9.2%
3 2,1712,361
+8.8%
4 831866
+4.2%
5+ 335347
+3.6%

Summary: The Horry County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 3.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
733782+6.7%

Asking Price vs. Sold Price

566 Homes Were Sold
Under Asking

153 Homes Were Sold
At Asking

63 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Horry County, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Summary: A total of 782 homes were sold or pending in Horry County in March 2024, up by 6.7% month-over-month. Of the 782 sold homes, 72% were sold under asking, 20% were sold at asking, and 8% were sold over asking.

Days on Market for Horry County, SC

How long does it take to sell a home in Horry County, SC?

Average Sale Time

Mar 2023Mar 2024CHANGE
105 Days115 Days+9.9%

Summary: Homes in Horry County had an average of 115 days on market in Mar 2024, up by 9.9% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

335 Homes Were Sold
In 30 - 90 Days

403 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Horry County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 782 homes were sold in Horry County; 5% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Horry County, SC

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