Is North 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, 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.
Housing Prices in North Myrtle Beach, SC
How much do homes in North Myrtle Beach, SC cost?
Median Sold Price
$383,056
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in North Myrtle Beach has remained the same since last year.
Summary: The median home sold price in North Myrtle Beach was $383,056 in April 2024, up 0.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232K | $222K | -4.3% |
| 2 Bedrooms | $277.7K | $270K | -2.8% |
| 3 Bedrooms | $439.9K | $454.2K | +3.3% |
| 4 Bedrooms | $625K | $652.5K | +4.4% |
| 5+ Bedrooms | $871.2K | $890K | +2.1% |
Summary: North Myrtle Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Little River | $345.1K | $356.1K | +3.2% |
| North Myrtle Beach | $381.6K | $383K | 0.4% |
| Conway East | $334.8K | $332.8K | -0.6% |
Housing Supply in North Myrtle Beach, SC
How many homes are available in North Myrtle Beach, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 855 | 926 | +8.3% |
Summary: The North Myrtle Beach real estate market had 926 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 88 | 90 | +2.3% |
| 2 Bedrooms | 298 | 305 | +2.3% |
| 3 Bedrooms | 292 | 343 | +17.5% |
| 4 Bedrooms | 117 | 125 | +6.8% |
| 5+ Bedrooms | 60 | 63 | +5.0% |
Summary: The North Myrtle Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 125 | 148 | +18.4% |
Asking Price vs. Sold Price
128 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Myrtle Beach, you may be able to get a good deal. 86.5% of homes here sold below asking price last month.
Summary: A total of 148 homes were sold or pending in North Myrtle Beach in April 2024, up by 18.4% month-over-month. Of the 148 sold homes, 86% were sold under asking, 11% were sold at asking, and 2% were sold over asking.
Days on Market for North Myrtle Beach, SC
How long does it take to sell a home in North Myrtle Beach, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 104 Days | +2.9% |
Summary: Homes in North Myrtle Beach had an average of 104 days on market in Apr 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
68 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Myrtle Beach has remained consistent over time.
Summary: During April 2024, 148 homes were sold in North Myrtle Beach; 3% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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