Is Surfside Beach, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surfside Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Surfside Beach was a Seller's Market.

Key Takeaway

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

Housing Prices in Surfside Beach, SC

How much do homes in Surfside Beach, SC cost?

Median Sold Price

$520,000

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$61,000(+13.3%)

Key Takeaway

Homes in Surfside Beach have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Surfside Beach was $520,000 in November 2024, up 13.3% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230K$227.5K
-1.1%
2 $300K$349.9K
+16.6%
3 $400K$505K
+26.3%
4 $631.5K$730K
+15.6%
5+ $1.0M$1.1M
+5.7%

Summary: Surfside Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Surfside Beach
+13.3%
Murrells Inlet
-2.4%

Housing Supply in Surfside Beach, SC

How many homes are available in Surfside Beach, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98108+10.2%

Summary: The Surfside Beach real estate market had 108 homes for sale in November 2024, a 10.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 2729
+7.4%
3 2023
+15.0%
4 2225
+13.6%
5+ 2325
+8.7%

Summary: The Surfside Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surfside Beach, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Surfside Beach in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for Surfside Beach, SC

How long does it take to sell a home in Surfside Beach, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
109 Days106 Days-3.4%

Summary: Homes in Surfside Beach had an average of 106 days on market in Nov 2024, down by 3.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Surfside Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 11 homes were sold in Surfside Beach; 9% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 55% 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 20 Days Ago

Newest Listings in Surfside Beach, SC

Nearby Markets to Surfside Beach, SC

What housing markets are near Surfside Beach, SC?