$7,030 Closing Credit*
$592,000
2,071 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: ListWithFreedom.com Inc
Is Waccamaw Neck, 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, Waccamaw Neck was a Seller's Market.
Key Takeaway
Waccamaw Neck is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Waccamaw Neck, SC
How much do homes in Waccamaw Neck, SC cost?
Median Sold Price
$533,475
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,941(+2.7%)
Key Takeaway
Homes in Waccamaw Neck have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Waccamaw Neck was $533,475 in October 2024, up 2.7% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $236K | -17.2% |
| 2 Bedrooms | $303.7K | $309K | +1.7% |
| 3 Bedrooms | $440K | $463K | +5.2% |
| 4 Bedrooms | $721.5K | $765K | +6.0% |
| 5+ Bedrooms | $1.1M | $1.4M | +28.1% |
Summary: Waccamaw Neck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 28.1%.
Median Sold Price Compared To Nearby Cities
| Pawleys Island | $493.3K | $517.3K | +4.9% |
| Waccamaw Neck | $519.5K | $533.4K | +2.7% |
| Murrells Inlet | $381.4K | $378.7K | -0.7% |
Housing Supply in Waccamaw Neck, SC
How many homes are available in Waccamaw Neck, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 432 | 447 | +3.5% |
Summary: The Waccamaw Neck real estate market had 447 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 54 | 60 | +11.1% |
| 3 Bedrooms | 205 | 210 | +2.4% |
| 4 Bedrooms | 92 | 99 | +7.6% |
| 5+ Bedrooms | 64 | 61 | -4.7% |
Summary: The Waccamaw Neck housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 4.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waccamaw Neck, you may be able to get a good deal. 71.6% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Waccamaw Neck in October 2024, up by 13.6% month-over-month. Of the 67 sold homes, 72% were sold under asking, 18% were sold at asking, and 10% were sold over asking.
Days on Market for Waccamaw Neck, SC
How long does it take to sell a home in Waccamaw Neck, SC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 83 Days | +3.5% |
Summary: Homes in Waccamaw Neck had an average of 83 days on market in Oct 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waccamaw Neck has remained consistent over time.
Summary: During October 2024, 67 homes were sold in Waccamaw Neck; 6% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
