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 seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Surfside Beach has remained a Seller's Market.

Key Takeaway

Surfside Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Surfside Beach, SC

How much do homes in Surfside Beach, SC cost?

Median Sold Price

$527,500

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$63,050(+13.6%)

Key Takeaway

Homes in Surfside Beach have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Surfside Beach was $527,500 in September 2024, up 13.6% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $230K$207.5K
-9.8%
2 $277.5K$345K
+24.3%
3 $400K$515K
+28.7%
4 $631.5K$733K
+16.1%
5+ $1.0M$1.1M
+9.0%

Summary: Surfside Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Cities

Surfside Beach
+13.6%
Murrells Inlet
0.1%

Housing Supply in Surfside Beach, SC

How many homes are available in Surfside Beach, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
107113+5.6%

Summary: The Surfside Beach real estate market had 113 homes for sale in September 2024, a 5.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 45
+25.0%
2 3235
+9.4%
3 2019
-5.0%
4 2424
0.0%
5+ 2730
+11.1%

Summary: The Surfside Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1019+90.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 94.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Surfside Beach in September 2024, up by 90.0% month-over-month. Of the 19 sold homes, 95% were sold under asking, 5% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
73 Days148 Days+103.9%

Summary: Homes in Surfside Beach had an average of 148 days on market in Sep 2024, up by 103.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

12 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 September 2024, 19 homes were sold in Surfside Beach; 0% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 63% 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 29 Days Ago

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