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 May 2023
At the same time last year, North Myrtle Beach was a Seller's Market.
Housing Prices in North Myrtle Beach, SC
How much do homes in North Myrtle Beach, SC cost?
Median Sold Price
$386,021
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Myrtle Beach was $386,021 in May 2024, down 0.3% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $234.8K | $219.4K | -6.6% |
2 Bedrooms | $285K | $273.6K | -4.0% |
3 Bedrooms | $440.2K | $457.1K | +3.8% |
4 Bedrooms | $626.3K | $655K | +4.6% |
5+ Bedrooms | $822.5K | $928K | +12.8% |
Summary: North Myrtle Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
Little River | $349.9K | $358.5K | +2.5% |
North Myrtle Beach | $387.2K | $386K | -0.3% |
Conway East | $340.1K | $333.9K | -1.8% |
Housing Supply in North Myrtle Beach, SC
How many homes are available in North Myrtle Beach, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
929 | 978 | +5.3% |
Summary: The North Myrtle Beach real estate market had 978 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 84 | 85 | +1.2% |
2 Bedrooms | 315 | 330 | +4.8% |
3 Bedrooms | 340 | 353 | +3.8% |
4 Bedrooms | 128 | 142 | +10.9% |
5+ Bedrooms | 62 | 68 | +9.7% |
Summary: The North Myrtle Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 135 | -11.2% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 135 homes were sold or pending in North Myrtle Beach in May 2024, down by 11.2% month-over-month. Of the 135 sold homes, 79% were sold under asking, 18% were sold at asking, and 4% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 87 Days | -5.8% |
Summary: Homes in North Myrtle Beach had an average of 87 days on market in May 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During May 2024, 135 homes were sold in North Myrtle Beach; 7% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.