Is North Myrtle Beach, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Myrtle Beach is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, North Myrtle Beach was a Seller's Market.

Key Takeaway

North Myrtle Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in North Myrtle Beach, SC cost?

Median Sold Price

$357,685

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$64,618(+22.0%)

Key Takeaway

Homes in North Myrtle Beach have sold for 22% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $148.6K$205K
+38.0%
2 $216.2K$269.3K
+24.6%
3 $338.8K$415K
+22.5%
4 $498.7K$630K
+26.3%
5+ $675K$850K
+25.9%

Median Sold Price Compared To Nearby Cities

Little River
+25.0%
North Myrtle Beach
+22.0%
Conway East
+20.1%

How many homes are available in North Myrtle Beach, SC?

Number of Homes For Sale

Oct 2022Nov 2022%
632622-1.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 6867
-1.5%
2 192179
-6.8%
3 216222
+2.8%
4 109112
+2.8%
5+ 4742
-10.6%

Number of Homes Sold

Oct 2022Nov 2022%
12791-28.3%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Myrtle Beach, you may be able to get a good deal. 78% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
73 Days80 Days+9.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

62 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Myrtle Beach has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Myrtle Beach, SC

Homes for sale in North Myrtle Beach, SC have reached 622. The number of listings in North Myrtle Beach, SC decreased by 1.6% between October 2022 and November 2022. In November 2022 median list price was $357,685 and the average listing age was 80 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 38%, prices of 2 bedrooms properties increased by 24.6%, 3 bedrooms properties prices increased by 22.5%, prices of 4 bedrooms properties increased by 26.3%, prices of 5 bedrooms properties went up by 25.9%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 1.5%, 2 bedrooms homes became 6.8% less available, number of 3 bedrooms homes increased by 2.8%, 4 bedrooms homes inventory increased by 2.8%, volume of 5 bedrooms homes went down by 10.6%. Over 8 listings were sold over their listed price in November 2022 in North Myrtle Beach, SC. In the same period over 71 listings were sold below the listed price and 12 listings were sold for the listed price.

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