Is Waccamaw Neck, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Waccamaw Neck has remained a Seller's Market.
Housing Prices in Waccamaw Neck, SC
How much do homes in Waccamaw Neck, SC cost?
Median Sold Price
$542,466
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Waccamaw Neck was $542,466 in March 2024, up 17.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $305K | +38.6% |
2 Bedrooms | $269.5K | $305K | +13.2% |
3 Bedrooms | $411.1K | $470K | +14.3% |
4 Bedrooms | $639.9K | $747K | +16.7% |
5+ Bedrooms | $1.1M | $1.3M | +24.6% |
Summary: Waccamaw Neck housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.6%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
Pawleys Island | $425.2K | $524.1K | +23.3% |
Waccamaw Neck | $463.2K | $542.4K | +17.1% |
Murrells Inlet | $369.9K | $384.7K | +4.0% |
Housing Supply in Waccamaw Neck, SC
How many homes are available in Waccamaw Neck, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
380 | 413 | +8.7% |
Summary: The Waccamaw Neck real estate market had 413 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 62 | 61 | -1.6% |
3 Bedrooms | 171 | 194 | +13.5% |
4 Bedrooms | 98 | 105 | +7.1% |
5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The Waccamaw Neck housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 71 | +22.4% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Waccamaw Neck in March 2024, up by 22.4% month-over-month. Of the 71 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for Waccamaw Neck, SC
How long does it take to sell a home in Waccamaw Neck, SC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 101 Days | +18.0% |
Summary: Homes in Waccamaw Neck had an average of 101 days on market in Mar 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in Waccamaw Neck; 15% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.