Is Murrells Inlet, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murrells Inlet is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Murrells Inlet was a Seller's Market.

Key Takeaway

Murrells Inlet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Murrells Inlet, SC

How much do homes in Murrells Inlet, SC cost?

Median Sold Price

$377,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,142(-2.4%)

Key Takeaway

Homes in Murrells Inlet have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Murrells Inlet was $377,000 in November 2024, down 2.4% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $262K$240K
-8.4%
2 $270K$297K
+10.0%
3 $370.3K$360.4K
-2.7%
4 $544.7K$563.1K
+3.4%
5+ $862K$874.9K
+1.5%

Summary: Murrells Inlet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Surfside Beach
+13.3%
Waccamaw Neck
+4.2%
Murrells Inlet
-2.4%

Housing Supply in Murrells Inlet, SC

How many homes are available in Murrells Inlet, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4634650.4%

Summary: The Murrells Inlet real estate market had 465 homes for sale in November 2024, a 0.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2623
-11.5%
2 7679
+3.9%
3 249252
+1.2%
4 6161
0.0%
5+ 5150
-2.0%

Summary: The Murrells Inlet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7857-26.9%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murrells Inlet, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Murrells Inlet in November 2024, down by 26.9% month-over-month. Of the 57 sold homes, 79% were sold under asking, 18% were sold at asking, and 4% were sold over asking.

Days on Market for Murrells Inlet, SC

How long does it take to sell a home in Murrells Inlet, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
78 Days105 Days+34.7%

Summary: Homes in Murrells Inlet had an average of 105 days on market in Nov 2024, up by 34.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Murrells Inlet has remained consistent over time.

Summary: During November 2024, 57 homes were sold in Murrells Inlet; 5% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Murrells Inlet, SC

Nearby Markets to Murrells Inlet, SC

What housing markets are near Murrells Inlet, SC?