#100484352, Listing Office: INNOVATE Real Estate
Myrtle Beach Housing Market Report December 2024•Horry County, South Carolina
Housing Prices in Myrtle Beach, SC
How much do homes in Myrtle Beach, SC cost?
Housing Market Conditions
Is Myrtle Beach, SC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Myrtle Beach is a Buyer's Market
Difference Since December 2023
At the same time last year, Myrtle Beach was a Seller's Market.
Myrtle Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Myrtle Beach have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Myrtle Beach was $325,135 in December 2024, up 3.2% from last year, and the median price per square foot was $211.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
North Myrtle Beach | $384.3K | $401.3K | +4.4% |
Myrtle Beach | $315K | $325.1K | +3.2% |
Conway East | $333.7K | $337.6K | +1.2% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $175K | $170K | -2.9% |
22 Bedrooms | $230.1K | $230.1K | 0.0% |
33 Bedrooms | $329.9K | $335.9K | +1.8% |
44 Bedrooms | $490.6K | $476.4K | -2.9% |
55+ Bedrooms | $539.6K | $624.9K | +15.8% |
Summary: Myrtle Beach housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -2.9%. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +1.8%. The home price for 4 bedroom homes decreased by -2.9%. The home price for 5 bedroom homes increased by +15.8%.
Housing supply in Myrtle Beach, SC
How many homes are available in Myrtle Beach, SC?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
2,620Last MonthDec 2024 | ||
2,6692 months agoNov 2024 | -1.8 % Change MoMNov – Dec |
Summary: The Myrtle Beach real estate market had 2,620 homes for sale in Dec 2024, a 1.8 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
314Last MonthDec 2024 | ||
3402 months agoNov 2024 | -7.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 375 | 399 | +6.4% |
22 Bedrooms | 709 | 715 | +0.8% |
33 Bedrooms | 993 | 936 | -5.7% |
44 Bedrooms | 434 | 417 | -3.9% |
55+ Bedrooms | 158 | 153 | -3.2% |
Summary: Myrtle Beach housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +6.4%. The inventory for 2 bedroom homes increased by +0.8%. The inventory for 3 bedroom homes decreased by -5.7%. The inventory for 4 bedroom homes decreased by -3.9%. The inventory for 5 bedroom homes decreased by -3.2%.
Asking Price vs. Sold Price
How much do homes in Myrtle Beach, SC cost?
Over Asking Price12 Homes
At Asking Price51 Homes
Under Asking Price251 Homes
If you're buying a home in Myrtle Beach, you may be able to get a good deal. 79.9% of homes here sold below asking price last month.
Summary: A total of 314 homes were sold or pending in Myrtle Beach in December 2024, down by 7.6% month-over-month. Of the 314 sold homes, 80% were sold under asking, 16% were sold at asking, and and 4% were sold over asking.
Days on Market for Myrtle Beach, SC
How long does it take to sell a home in Myrtle Beach, SC?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days129 Homes
Over 90 Days171 Homes
Most homes in Myrtle Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 314 homes were sold in Myrtle Beach; 4% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
121 DaysThis YearDec 2024 | ||
107 Days1 year agoDec 2023 | +12.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Myrtle Beach had an average listing age of 121 days in Dec 2024, up by 12.8% compared to the previous year.
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Newest Listings in Myrtle Beach, SC
What homes are available in Myrtle Beach, SC?
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Based on information from Coastal Carolinas MLS, Hive MLS, CHS MLS, Canopy MLS, and Greater Greenville MLS for the period 01/01/2023 - 01/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Copyright © 2025 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.