Is Myrtle Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Myrtle Beach was a Seller's Market.
Housing Prices in Myrtle Beach, SC
How much do homes in Myrtle Beach, SC cost?
Median Sold Price
$315,245
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Myrtle Beach was $315,245 in February 2024, up 2.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $177.3K | +1.3% |
2 Bedrooms | $227.6K | $233.1K | +2.4% |
3 Bedrooms | $328.9K | $330K | 0.3% |
4 Bedrooms | $466.8K | $485.3K | +4.0% |
5+ Bedrooms | $546.2K | $551.8K | +1.0% |
Summary: Myrtle Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Myrtle Beach | $307.9K | $315.2K | +2.4% |
North Myrtle Beach | $379.9K | $383.3K | +0.9% |
Conway East | $332K | $330.6K | -0.4% |
Housing Supply in Myrtle Beach, SC
How many homes are available in Myrtle Beach, SC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,262 | 2,483 | +9.8% |
Summary: The Myrtle Beach real estate market had 2,483 homes for sale in February 2024, a 9.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 336 | 365 | +8.6% |
2 Bedrooms | 620 | 699 | +12.7% |
3 Bedrooms | 811 | 902 | +11.2% |
4 Bedrooms | 337 | 352 | +4.5% |
5+ Bedrooms | 158 | 165 | +4.4% |
Summary: The Myrtle Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
283 | 313 | +10.6% |
Asking Price vs. Sold Price
238 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 313 homes were sold or pending in Myrtle Beach in February 2024, up by 10.6% month-over-month. Of the 313 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for Myrtle Beach, SC
How long does it take to sell a home in Myrtle Beach, SC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
101 Days | 101 Days | -0.7% |
Summary: Homes in Myrtle Beach had an average of 101 days on market in Feb 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
135 Homes Were Sold
In 30 - 90 Days
157 Homes Were Sold
Over 90 Days
Summary: During February 2024, 313 homes were sold in Myrtle Beach; 6% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.