Is Myrtle Beach, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Myrtle Beach was a Seller's Market.
Housing Prices in Myrtle Beach, SC
How much do homes in Myrtle Beach, SC cost?
Median Sold Price
$317,039
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Myrtle Beach was $317,039 in April 2024, up 0.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $177.1K | +1.2% |
2 Bedrooms | $234.9K | $233.2K | -0.7% |
3 Bedrooms | $333.4K | $331.1K | -0.7% |
4 Bedrooms | $475.4K | $479.2K | +0.8% |
5+ Bedrooms | $545.2K | $545.8K | 0.1% |
Summary: Myrtle Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
Myrtle Beach | $314.8K | $317K | +0.7% |
North Myrtle Beach | $381.6K | $383K | 0.4% |
Conway East | $334.8K | $332.8K | -0.6% |
Housing Supply in Myrtle Beach, SC
How many homes are available in Myrtle Beach, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,638 | 2,761 | +4.7% |
Summary: The Myrtle Beach real estate market had 2,761 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 401 | 406 | +1.2% |
2 Bedrooms | 736 | 780 | +6.0% |
3 Bedrooms | 971 | 1,018 | +4.8% |
4 Bedrooms | 370 | 397 | +7.3% |
5+ Bedrooms | 160 | 160 | 0.0% |
Summary: The Myrtle Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
410 | 401 | -2.2% |
Asking Price vs. Sold Price
304 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 401 homes were sold or pending in Myrtle Beach in April 2024, down by 2.2% month-over-month. Of the 401 sold homes, 76% were sold under asking, 19% were sold at asking, and 5% were sold over asking.
Days on Market for Myrtle Beach, SC
How long does it take to sell a home in Myrtle Beach, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
107 Days | 111 Days | +3.7% |
Summary: Homes in Myrtle Beach had an average of 111 days on market in Apr 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
191 Homes Were Sold
In 30 - 90 Days
189 Homes Were Sold
Over 90 Days
Summary: During April 2024, 401 homes were sold in Myrtle Beach; 5% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.