Is Waccamaw Neck, 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, Waccamaw Neck was a Seller's Market.
Housing Prices in Waccamaw Neck, SC
How much do homes in Waccamaw Neck, SC cost?
Median Sold Price
$538,264
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waccamaw Neck was $538,264 in April 2024, up 15.8% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $224K | $335K | +49.6% |
2 Bedrooms | $269.5K | $309.9K | +15.0% |
3 Bedrooms | $418.8K | $470K | +12.2% |
4 Bedrooms | $639.9K | $744.6K | +16.4% |
5+ Bedrooms | $1.0M | $1.3M | +32.5% |
Summary: Waccamaw Neck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.6%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
Pawleys Island | $430.1K | $523K | +21.6% |
Waccamaw Neck | $465K | $538.2K | +15.8% |
Murrells Inlet | $369.8K | $379.7K | +2.7% |
Plantersville | $290K | $290K | 0.0% |
Housing Supply in Waccamaw Neck, SC
How many homes are available in Waccamaw Neck, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
423 | 430 | +1.7% |
Summary: The Waccamaw Neck real estate market had 430 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 66 | 70 | +6.1% |
3 Bedrooms | 196 | 189 | -3.6% |
4 Bedrooms | 106 | 110 | +3.8% |
5+ Bedrooms | 44 | 46 | +4.5% |
Summary: The Waccamaw Neck housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 67 | -16.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Waccamaw Neck in April 2024, down by 16.3% month-over-month. Of the 67 sold homes, 69% were sold under asking, 21% were sold at asking, and 10% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 94 Days | -14.2% |
Summary: Homes in Waccamaw Neck had an average of 94 days on market in Apr 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Waccamaw Neck; 4% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.