Is Little River, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little River is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Little River was a Seller's Market.

Key Takeaway

Little River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Little River, SC

How much do homes in Little River, SC cost?

Median Sold Price

$354,040

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,089(+2.6%)

Key Takeaway

Homes in Little River have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Little River was $354,040 in February 2024, up 2.6% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $200K$214K
+7.0%
2 $259.3K$270K
+4.1%
3 $372.5K$386.8K
+3.8%
4 $575K$555K
-3.5%
5+ $819K$738.5K
-9.8%

Summary: Little River housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Cities

Longs
+3.5%
Little River
+2.6%
North Myrtle Beach
+0.9%

Housing Supply in Little River, SC

How many homes are available in Little River, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,0461,152+10.1%

Summary: The Little River real estate market had 1,152 homes for sale in February 2024, a 10.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 114120
+5.3%
2 291334
+14.8%
3 426471
+10.6%
4 145156
+7.6%
5+ 7071
+1.4%

Summary: The Little River housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 1.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
135134-0.7%

Asking Price vs. Sold Price

116 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little River, you may be able to get a good deal. 86.6% of homes here sold below asking price last month.

Summary: A total of 134 homes were sold or pending in Little River in February 2024, down by 0.7% month-over-month. Of the 134 sold homes, 87% were sold under asking, 10% were sold at asking, and 3% were sold over asking.

Days on Market for Little River, SC

How long does it take to sell a home in Little River, SC?

Average Sale Time

Feb 2023Feb 2024CHANGE
102 Days113 Days+10.2%

Summary: Homes in Little River had an average of 113 days on market in Feb 2024, up by 10.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

58 Homes Were Sold
In 30 - 90 Days

73 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 134 homes were sold in Little River; 2% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 54% 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 18 Days Ago

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