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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surfside Beach is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Surfside Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Surfside Beach, SC

How much do homes in Surfside Beach, SC cost?

Median Sold Price

$500,000

$328/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

The sold price of homes in Surfside Beach has remained the same since last year.

Summary: The median home sold price in Surfside Beach was $500,000 in February 2024, the same as last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $189K$230.2K
+21.8%
2 $255K$327.5K
+28.4%
3 $435K$425.9K
-2.1%
4 $664K$660K
-0.6%
5+ $1.0M$1.0M
+2.9%

Summary: Surfside Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 28.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Murrells Inlet
+5.5%
Surfside Beach
0.0%

Housing Supply in Surfside Beach, SC

How many homes are available in Surfside Beach, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7480+8.1%

Summary: The Surfside Beach real estate market had 80 homes for sale in February 2024, a 8.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 2624
-7.7%
3 1623
+43.8%
4 1315
+15.4%
5+ 1715
-11.8%

Summary: The Surfside Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surfside Beach, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Surfside Beach in February 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.

Days on Market for Surfside Beach, SC

How long does it take to sell a home in Surfside Beach, SC?

Average Sale Time

Feb 2023Feb 2024CHANGE
137 Days67 Days-50.9%

Summary: Homes in Surfside Beach had an average of 67 days on market in Feb 2024, down by 50.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Surfside Beach; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

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