Is North 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, North Myrtle Beach was a Seller's Market.
Housing Prices in North Myrtle Beach, SC
How much do homes in North Myrtle Beach, SC cost?
Median Sold Price
$383,359
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in North Myrtle Beach was $383,359 in February 2024, up 0.9% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $231.2K | +3.7% |
2 Bedrooms | $274.8K | $270.7K | -1.5% |
3 Bedrooms | $435K | $449.8K | +3.4% |
4 Bedrooms | $642K | $645K | 0.5% |
5+ Bedrooms | $899.4K | $874.9K | -2.7% |
Summary: North Myrtle Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Little River | $344.9K | $354K | +2.6% |
North Myrtle Beach | $379.9K | $383.3K | +0.9% |
Conway East | $332K | $330.6K | -0.4% |
Housing Supply in North Myrtle Beach, SC
How many homes are available in North Myrtle Beach, SC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
716 | 793 | +10.8% |
Summary: The North Myrtle Beach real estate market had 793 homes for sale in February 2024, a 10.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 83 | 85 | +2.4% |
2 Bedrooms | 233 | 270 | +15.9% |
3 Bedrooms | 234 | 262 | +12.0% |
4 Bedrooms | 104 | 112 | +7.7% |
5+ Bedrooms | 62 | 64 | +3.2% |
Summary: The North Myrtle Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
89 | 87 | -2.2% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 87 homes were sold or pending in North Myrtle Beach in February 2024, down by 2.2% month-over-month. Of the 87 sold homes, 91% were sold under asking, 8% were sold at asking, and 1% were sold over asking.
Days on Market for North Myrtle Beach, SC
How long does it take to sell a home in North Myrtle Beach, SC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
98 Days | 108 Days | +10.8% |
Summary: Homes in North Myrtle Beach had an average of 108 days on market in Feb 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During February 2024, 87 homes were sold in North Myrtle Beach; 2% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.