Is Little River, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Little River was a Seller's Market.
Key Takeaway
Little River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little River, SC
How much do homes in Little River, SC cost?
Median Sold Price
$358,541
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Little River have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Little River was $358,541 in May 2024, up 2.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $204.9K | -4.7% |
| 2 Bedrooms | $269K | $274K | +1.8% |
| 3 Bedrooms | $376.7K | $389.4K | +3.4% |
| 4 Bedrooms | $560K | $537.9K | -3.9% |
| 5+ Bedrooms | $725K | $824.9K | +13.8% |
Summary: Little River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Little River | $349.9K | $358.5K | +2.5% |
| Longs | $295K | $300K | +1.7% |
| North Myrtle Beach | $387.2K | $386K | -0.3% |
Housing Supply in Little River, SC
How many homes are available in Little River, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,310 | 1,376 | +5.0% |
Summary: The Little River real estate market had 1,376 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 122 | 124 | +1.6% |
| 2 Bedrooms | 399 | 421 | +5.5% |
| 3 Bedrooms | 566 | 582 | +2.8% |
| 4 Bedrooms | 148 | 168 | +13.5% |
| 5+ Bedrooms | 75 | 81 | +8.0% |
Summary: The Little River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 206 | 181 | -12.1% |
Asking Price vs. Sold Price
134 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little River, you may be able to get a good deal. 74% of homes here sold below asking price last month.
Summary: A total of 181 homes were sold or pending in Little River in May 2024, down by 12.1% month-over-month. Of the 181 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for Little River, SC
How long does it take to sell a home in Little River, SC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 97 Days | 91 Days | -6.8% |
Summary: Homes in Little River had an average of 91 days on market in May 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
89 Homes Were Sold
In 30 - 90 Days
75 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Little River has remained consistent over time.
Summary: During May 2024, 181 homes were sold in Little River; 9% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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