Is Myrtle Beach, 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, 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
$315,202
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Myrtle Beach was $315,202 in March 2024, up 0.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $177.1K | +1.2% |
2 Bedrooms | $230K | $232.1K | +0.9% |
3 Bedrooms | $331.4K | $330.1K | -0.4% |
4 Bedrooms | $470.7K | $479.9K | +2.0% |
5+ Bedrooms | $539.5K | $565.3K | +4.8% |
Summary: Myrtle Beach 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 0.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Myrtle Beach | $313.5K | $315.2K | 0.5% |
North Myrtle Beach | $383.7K | $379.9K | -1.0% |
Conway East | $334.1K | $330K | -1.2% |
Housing Supply in Myrtle Beach, SC
How many homes are available in Myrtle Beach, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,466 | 2,627 | +6.5% |
Summary: The Myrtle Beach real estate market had 2,627 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 360 | 392 | +8.9% |
2 Bedrooms | 690 | 736 | +6.7% |
3 Bedrooms | 914 | 982 | +7.4% |
4 Bedrooms | 348 | 357 | +2.6% |
5+ Bedrooms | 154 | 160 | +3.9% |
Summary: The Myrtle Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
366 | 388 | +6.0% |
Asking Price vs. Sold Price
288 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 388 homes were sold or pending in Myrtle Beach in March 2024, up by 6.0% month-over-month. Of the 388 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
105 Days | 114 Days | +8.6% |
Summary: Homes in Myrtle Beach had an average of 114 days on market in Mar 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
168 Homes Were Sold
In 30 - 90 Days
198 Homes Were Sold
Over 90 Days
Summary: During March 2024, 388 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 51% of homes were sold over 90 days.