$5,522 Closing Credit*
$465,000
1,176 SqFt
3 Beds
•2 Full Baths
Listing Office: CB Sea Coast Advantage CF
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 October 2023
At the same time last year, North Myrtle Beach was a Seller's Market.
Key Takeaway
North Myrtle Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Myrtle Beach, SC
How much do homes in North Myrtle Beach, SC cost?
Median Sold Price
$403,091
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,923(+4.9%)
Key Takeaway
Homes in North Myrtle Beach have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in North Myrtle Beach was $403,091 in October 2024, up 4.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238.8K | $210.5K | -11.9% |
| 2 Bedrooms | $275K | $275K | 0.0% |
| 3 Bedrooms | $444.5K | $462.5K | +4.0% |
| 4 Bedrooms | $610K | $668K | +9.5% |
| 5+ Bedrooms | $892.4K | $894.2K | 0.2% |
Summary: North Myrtle Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| North Myrtle Beach | $384.1K | $403K | +4.9% |
| Little River | $351.8K | $359.7K | +2.3% |
| Conway East | $334.8K | $333.7K | -0.3% |
Housing Supply in North Myrtle Beach, SC
How many homes are available in North Myrtle Beach, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 953 | 979 | +2.7% |
Summary: The North Myrtle Beach real estate market had 979 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 99 | 102 | +3.0% |
| 2 Bedrooms | 313 | 328 | +4.8% |
| 3 Bedrooms | 338 | 335 | -0.9% |
| 4 Bedrooms | 134 | 141 | +5.2% |
| 5+ Bedrooms | 69 | 73 | +5.8% |
Summary: The North Myrtle Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 119 | +7.2% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Myrtle Beach, you may be able to get a good deal. 86.6% of homes here sold below asking price last month.
Summary: A total of 119 homes were sold or pending in North Myrtle Beach in October 2024, up by 7.2% month-over-month. Of the 119 sold homes, 87% were sold under asking, 13% were sold at asking, and 1% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 106 Days | +47.2% |
Summary: Homes in North Myrtle Beach had an average of 106 days on market in Oct 2024, up by 47.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North Myrtle Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 119 homes were sold in North Myrtle Beach; 5% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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