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Ⓡ.
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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
Number of New Listings
Number of Homes for Sale
Murrells Inlet Single Family Home Neighborhoods
Number of Pending Sales
Number of 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
Number of New Listings
Number of Condos and Townhouses for Sale
Number of Pending Sales
Number of 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.
Saturday 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.