North Myrtle Beach Housing Market Report January 2025•Horry County, South Carolina

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Housing Prices in North Myrtle Beach, SC

How much do homes in North Myrtle Beach, SC cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

North Myrtle Beach is a Buyer's Market

Difference Since January 2024

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$404,442$293/SqFt
+$19,596
+5.1%

Based on all homes sold in the last 12 months

Insight

Homes in North Myrtle Beach have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in North Myrtle Beach was $404,442 in January 2025, up 5.1% from last year, and the median price per square foot was $293.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
North Myrtle Beach
+5.1%
Conway East
+1.6%
Little River
-0.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$235.5K$207.2K
-12.0%
2$275K$274.5K
-0.2%
3$444.5K$453.3K
+2.0%
4$639.9K$657.4K
+2.7%
5$832.4K$910K
+9.3%

Summary: North Myrtle Beach housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -12.0%. The home price for 2 bedroom homes decreased by -0.2%. The home price for 3 bedroom homes increased by +2.0%. The home price for 4 bedroom homes increased by +2.7%. The home price for 5 bedroom homes increased by +9.3%.

Housing supply in North Myrtle Beach, SC

How many homes are available in North Myrtle Beach, SC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
902Last MonthJan 2025
8562 months agoDec 2024
+5.4 %
Change MoMDec – Jan

Summary: The North Myrtle Beach real estate market had 902 homes for sale in Jan 2025, a 5.4 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
86Last MonthJan 2025
1332 months agoDec 2024
-35.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
19692
-4.2%
2278304
+9.4%
3297308
+3.7%
4121129
+6.6%
56469
+7.8%

Summary: North Myrtle Beach housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -4.2%. The inventory for 2 bedroom homes increased by +9.4%. The inventory for 3 bedroom homes increased by +3.7%. The inventory for 4 bedroom homes increased by +6.6%. The inventory for 5 bedroom homes increased by +7.8%.

Asking Price vs. Sold Price

How much do homes in North Myrtle Beach, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price7 Homes

Under Asking Price76 Homes

Insight

If you're buying a home in North Myrtle Beach, you may be able to get a good deal. 88.4% of homes here sold below asking price last month.

Summary: A total of 86 homes were sold or pending in North Myrtle Beach in January 2025, down by 35.3% month-over-month. Of the 86 sold homes, 88% were sold under asking, 8% were sold at asking, and and 3% were sold over asking.

Days on Market for North Myrtle Beach, SC

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

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days38 Homes

Over 90 Days42 Homes

Insight

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

Summary: During January 2025, 86 homes were sold in North Myrtle Beach; 7% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 49% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
117 DaysThis YearJan 2025
105 Days1 year agoJan 2024
+11.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in North Myrtle Beach had an average listing age of 117 days in Jan 2025, up by 11.3% compared to the previous year.

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Newest Listings in North Myrtle Beach, SC

What homes are available in North Myrtle Beach, SC?

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Nearby markets

Popular Cities with Homes for Sale in South Carolina

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Based on information from Coastal Carolinas MLS, Hive MLS, CHS MLS, Canopy MLS, and Triad MLS Inc for the period 02/01/2023 - 02/01/2025

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Last updated on: 2/21/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/21/2025, 5:21:50 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: 2/21/2025, 5:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.