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North Myrtle Beach, SC housing market

The North Myrtle Beach housing market isn’t that competitive. The median home sales price in January 2025 has increased in the past 3 months to $418,640. That’s down 2.6% and $11,360 lower than January 2024 of last year. That is lower than the South Carolina state median home sales price of $377,600. Homes typically sell after 131 days on market, which is slower than the state average and higher than 105 days in January 2024 a year prior.

Housing market overview for

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Trended Median Home Values
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How much do homes in North Myrtle Beach, SC cost?

The median home price in North Myrtle Beach was $418,640 in January 2025, down 2.6% from last year.

January's median sale price
$419K
Caret DownDown $11K and 2.6% since Jan 2024
Trended Homes Inventory
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How many homes are available in North Myrtle Beach, SC?

The real estate market in North Myrtle Beach had 944 homes for sale in January and is up from 900 homes for sale the month prior and up from 765 homes in January 2024.

Homes for sale in January
944
Caret UpUp 179 and 23.4% since Jan 2024
Trended Homes Sold
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How many homes are sold in North Myrtle Beach, SC?

There were 117 homes sold in January 2025, trending up from 104 homes sold a year ago.

Homes sold in January
117
Caret UpUp 13 and 12.5% since Jan 2024
Trended Median Days on Market
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How long does it take to sell a home in North Myrtle Beach, SC?

Homes in North Myrtle Beach are staying on the market for 131 days. That’s 26 days slower than the median in January 2024, which means that the market is less competitive today.

Median days on market in January
131
Caret UpUp 26 and 24.8% since Jan 2024

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

It is considered a balanced market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 7%, making the average house payment $2,832, which is $105 lower than a year before.

Total months of housing supply available for sale is 8.1 months, up 12.5% from 7.2 month(s) in January 2024.

Months of Supply

The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."

Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.

Sales to Listing Ratio

Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.

In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.

Selling a house in North Myrtle Beach, SC

Home values have decreased by 1.8% since last year, and the number of days it takes to sell a home has increased from 101 days in January 2024 to 131 days in January 2025.

The best time to sell your home in North Myrtle Beach is in June, when homes sell fastest and for the most money.

Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $25,118 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.

Buying a house in North Myrtle Beach, SC

Homes in North Myrtle Beach have a median price of $418,640, which means you’ll need $41,864 for a 10% down payment. Housing costs have decreased 1.8% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.

Home values are only one part of the home affordability equation. When buying a house in North Myrtle Beach, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $41,864 you should have $16,746 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.

North Myrtle Beach home values are 19.4% more expensive than Little River and 9.8% more expensive than the state median home value.

How does the North Myrtle Beach real estate market compare to other markets?

The North Myrtle Beach real estate market has a median sale price of $418,640, which is 9.8% higher than the state median sale price of $377,600. Compare other markets or nearby cities, as they can vary significantly.

North Myrtle Beach, SC
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Little River, SC
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South Carolina
Median home saleMedian home saleMedian home sale
$418,640$337,500$377,600
Days on marketDays on marketDays on market
13111186
Monthly house payment
Monthly house payment
Monthly house payment
$2,832$2,305$2,565
Cost to buy a house
Cost to buy a house
Cost to buy a house
$58,610$47,250$52,864
Cost to sell a house
Cost to sell a house
Cost to sell a house
$29,305$23,625$26,432

Take the next step in North Myrtle Beach: Find an agent

Navigating the North Myrtle Beach housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local North Myrtle Beach real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.

North Myrtle Beach, SC housing market FAQs

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