Is Murrells Inlet, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Murrells Inlet was a Seller's Market.
Key Takeaway
Murrells Inlet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Murrells Inlet, SC
How much do homes in Murrells Inlet, SC cost?
Median Sold Price
$384,744
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Murrells Inlet have sold for 4% more than they did a year ago.
Summary: The median home sold price in Murrells Inlet was $384,744 in March 2024, up 4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.9K | $263.7K | +9.9% |
| 2 Bedrooms | $270K | $275K | +1.9% |
| 3 Bedrooms | $355K | $375K | +5.6% |
| 4 Bedrooms | $520.4K | $553.7K | +6.4% |
| 5+ Bedrooms | $900K | $877.5K | -2.5% |
Summary: Murrells Inlet housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Waccamaw Neck | $463.2K | $542.4K | +17.1% |
| Surfside Beach | $474.9K | $520K | +9.5% |
| Murrells Inlet | $369.9K | $384.7K | +4.0% |
Housing Supply in Murrells Inlet, SC
How many homes are available in Murrells Inlet, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 433 | 466 | +7.6% |
Summary: The Murrells Inlet real estate market had 466 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 28 | +3.7% |
| 2 Bedrooms | 85 | 88 | +3.5% |
| 3 Bedrooms | 194 | 217 | +11.9% |
| 4 Bedrooms | 86 | 91 | +5.8% |
| 5+ Bedrooms | 41 | 42 | +2.4% |
Summary: The Murrells Inlet housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 66 | -5.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murrells Inlet, you may be able to get a good deal. 71.2% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Murrells Inlet in March 2024, down by 5.7% month-over-month. Of the 66 sold homes, 71% were sold under asking, 17% were sold at asking, and 12% were sold over asking.
Days on Market for Murrells Inlet, SC
How long does it take to sell a home in Murrells Inlet, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 93 Days | 94 Days | +0.6% |
Summary: Homes in Murrells Inlet had an average of 94 days on market in Mar 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Murrells Inlet has remained consistent over time.
Summary: During March 2024, 66 homes were sold in Murrells Inlet; 15% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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