Is Murrells Inlet, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Murrells Inlet has remained a Seller's Market.
Key Takeaway
Murrells Inlet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Murrells Inlet, SC
How much do homes in Murrells Inlet, SC cost?
Median Sold Price
$379,712
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Murrells Inlet have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Murrells Inlet was $379,712 in April 2024, up 2.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.4K | $260K | +9.5% |
| 2 Bedrooms | $270K | $285K | +5.6% |
| 3 Bedrooms | $350.4K | $375K | +7.0% |
| 4 Bedrooms | $522.1K | $560.2K | +7.3% |
| 5+ Bedrooms | $865K | $880K | +1.7% |
Summary: Murrells Inlet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Waccamaw Neck | $465K | $538.2K | +15.8% |
| Surfside Beach | $457.5K | $525K | +14.8% |
| Murrells Inlet | $369.8K | $379.7K | +2.7% |
| Plantersville | $290K | $290K | 0.0% |
Housing Supply in Murrells Inlet, SC
How many homes are available in Murrells Inlet, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 463 | 477 | +3.0% |
Summary: The Murrells Inlet real estate market had 477 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 25 | -7.4% |
| 2 Bedrooms | 89 | 90 | +1.1% |
| 3 Bedrooms | 218 | 225 | +3.2% |
| 4 Bedrooms | 85 | 93 | +9.4% |
| 5+ Bedrooms | 44 | 44 | 0.0% |
Summary: The Murrells Inlet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 92 | +21.1% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murrells Inlet, you may be able to get a good deal. 76.1% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in Murrells Inlet in April 2024, up by 21.1% month-over-month. Of the 92 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.
Days on Market for Murrells Inlet, SC
How long does it take to sell a home in Murrells Inlet, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 81 Days | +4.9% |
Summary: Homes in Murrells Inlet had an average of 81 days on market in Apr 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Murrells Inlet has remained consistent over time.
Summary: During April 2024, 92 homes were sold in Murrells Inlet; 8% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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