Is Waccamaw Neck, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waccamaw Neck is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Waccamaw Neck was a Seller's Market.

Key Takeaway

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

Housing Prices in Waccamaw Neck, SC

How much do homes in Waccamaw Neck, SC cost?

Median Sold Price

$539,891

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,614(+4.2%)

Key Takeaway

Homes in Waccamaw Neck have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Waccamaw Neck was $539,891 in November 2024, up 4.2% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $270K$235K
-13.0%
2 $300K$320K
+6.7%
3 $445.6K$469K
+5.2%
4 $729.5K$765K
+4.9%
5+ $1.1M$1.4M
+27.2%

Summary: Waccamaw Neck housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 27.2%.

Median Sold Price Compared To Nearby Cities

Pawleys Island
+7.3%
Waccamaw Neck
+4.2%
Murrells Inlet
-2.4%

Housing Supply in Waccamaw Neck, SC

How many homes are available in Waccamaw Neck, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
429406-5.4%

Summary: The Waccamaw Neck real estate market had 406 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1718
+5.9%
2 5753
-7.0%
3 205187
-8.8%
4 9495
+1.1%
5+ 5653
-5.4%

Summary: The Waccamaw Neck housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 5.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7341-43.8%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waccamaw Neck, you may be able to get a good deal. 68.3% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Waccamaw Neck in November 2024, down by 43.8% month-over-month. Of the 41 sold homes, 68% were sold under asking, 24% were sold at asking, and 7% 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

Nov 2023Nov 2024CHANGE
92 Days102 Days+11.0%

Summary: Homes in Waccamaw Neck had an average of 102 days on market in Nov 2024, up by 11% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Waccamaw Neck has remained consistent over time.

Summary: During November 2024, 41 homes were sold in Waccamaw Neck; 2% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 44% 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 19 Days Ago

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