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.
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
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
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
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.