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 neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Surfside Beach 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 Surfside Beach, SC

How much do homes in Surfside Beach, SC cost?

Median Sold Price

$525,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$67,500(+14.8%)

Key Takeaway

Homes in Surfside Beach have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Surfside Beach was $525,000 in April 2024, up 14.8% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $220K$234.9K
+6.8%
2 $275.1K$332.5K
+20.9%
3 $425K$463K
+8.9%
4 $615K$675K
+9.8%
5+ $1.0M$1.1M
+9.4%

Summary: Surfside Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Cities

Surfside Beach
+14.8%
Murrells Inlet
+2.7%

Housing Supply in Surfside Beach, SC

How many homes are available in Surfside Beach, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8395+14.5%

Summary: The Surfside Beach real estate market had 95 homes for sale in April 2024, a 14.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 2532
+28.0%
3 2930
+3.4%
4 1515
0.0%
5+ 1114
+27.3%

Summary: The Surfside Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 86.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Surfside Beach in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% 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

Apr 2023Apr 2024CHANGE
105 Days89 Days-15.4%

Summary: Homes in Surfside Beach had an average of 89 days on market in Apr 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Surfside Beach has remained consistent over time.

Summary: During April 2024, 15 homes were sold in Surfside Beach; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 12 Days Ago

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