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    (843) 267-2710

Kathy Rukat Smith, REALTORⓇ

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Murrells Inlet Real Estate Market Report – March 2021

Murrells Inlet Real Estate Market Report - March 2021

In the Murrells Inlet Real Estate Market Report March 2021 edition provided by Kathy Rukat Smith of Palmetto Coastal Homes, discover what is trending. Murrells Inlet, like the rest of the Grand Strand, continues to be in a sellers’ market. The average price of homes remained the same (as compared to March 2020) while the average price of condos and townhouses increased slightly. The total single family homes and condos and townhouses for sale have greatly decreased. I believe we will continue to see this trend through 2021. The graphs below show single family home and condo/townhouse information for the month of March 2021 for Murrells Inlet. Information is provided by the Coastal Carolinas Association of REALTORSⓇ.

SFH Market Snapshot Template - March 2021
Condos_Townhouses Market Snapshot Template - Murrells Inlet March 2021

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Murrells Inlet Single Family Home Market

The average price of single family homes in Murrells Inlet remain virtually the same from March 2020. The number of new homes listed in March increased dramatically (42.1%) as compared to March 2020 while the total number of homes listed for sale decreased drastically (56.5%). Pending and closed sales are also up as compared with March 2020.

Average Price

MI Average SFH Sales Price

Number of New Listings

MI SFH March New Listings

Number of Homes for Sale

MI SFH Homes For Sale

Murrells Inlet Single Family Home Neighborhoods

  • Oak Hampton
  • Prince Creek
  • Wachesaw East

Number of Pending Sales

ML SFH March Pending Sales

Number of Closed Sales

MI SFH March Closed Sales

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Murrells Inlet Condo and Townhouse Market

The average price of condos and townhouses in Murrells Inlet in March 2021 rose just over 18% as compared to March 2020. The number of new listings added increased as compared to March 2020 while the total number of condo and townhouse listed decreased around 50%. Pending sales are up over 200% and the number of closed sales is about the same as March 2020.

Average Price

MI Condo and TH Average Sales Price

Number of New Listings

MI Condos and TH March New Listings

Number of Condos and Townhouses for Sale

MI Condos and TH March Homes For Sale

Number of Pending Sales

MI Condos and TH March Pending Sales

Number of Closed Sales

MI Condos and TH March Closed Sales

As a buyer in this market, you need to come prepared when you start looking for homes. Before you start looking for homes, have your pre-approval letter ready to go. Also, you will want to present a strong offer to the seller. When you are ready to start looking for your next home, we can discuss your specific strategy. As a seller, you need to consider where you will move once your home is sold. Because the sale could be very quick, you may need to consider moving into a short-term rental to give yourself some extra time to find your next home. If now is the right time to discuss your home's value and your future plans, we can discuss the logistics of selling in today's market.

"Helping You Find the Sandcastle of Your Dreams!"

Newsletter

My weekly email newsletter goes out on Saturdays. Information will include local market reports, real estate tips and videos, new listings of mine and my office, local business highlights, Grand Strand events and inspirational quotes.

Sign Up for the Newsletter

Posted in: Communities, Murrells Inlet, Real Estate Market Reports, Real Estate Market Reports 2021

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About

Kathy Rukat Smith with Palmetto Coastal Homes serves all the areas of the Grand Strand.

  • North Myrtle Beach
  • Myrtle Beach
  • Surfside Beach
  • Garden City Beach
  • Murrells Inlet
  • Litchfield Beach
  • Pawleys Island
  • Carolina Forest
  • Conway

 

Kathy Rukat Smith is a resident of Murrells Inlet and loves everything living at the beach has to offer. She has been selling real estate since 2004.

Kathy uses her local real estate knowledge, technical skills, local connections and strong internet presence to exceed your exceptions and help you succeed in the fast-paced Myrtle Beach real estate market.

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Contact

Kathy Rukat Smith with

Palmetto Coastal Homes

4214 Mayfair Street, Suite F, Myrtle Beach, SC 29577

(843) 267-2710
Kathy@TeamRukat.com
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